56 / 140
Report on the financial statements
We have audited the financial statements of
Asia Media Group Berhad
, which comprise the statements
of financial position as at 31 December 2015 of the Group and of the Company, and the statements of
comprehensive income, statements of changes in equity and statements of cash flows of the Group
and of the Company for the year then ended, and a summary of significant accounting policies and
other explanatory information, as set out on pages 58 to 127.
Directors’ responsibility for the financial statements
The Directors of the Company are responsible for the preparation of financial statements that give a
true and fair view in accordance with Malaysian Financial Reporting Standards, International Financial
Reporting Standards and the requirements of the Companies Act, 1965 in Malaysia. The Directors
are also responsible for such internal control as the Directors determine is necessary to enable the
preparation of financial statements that are free from material misstatement, whether due to fraud
or error.
Auditors’ responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We
conducted our audit in accordance with approved standards on auditing in Malaysia. Those standards
require that we comply with ethical requirements and plan and perform the audit to obtain reasonable
assurance whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
the financial statements. The procedures selected depend on our judgement, including the assessment
of risks of material misstatement of the financial statements, whether due to fraud or error. In making
those risk assessments, we consider internal control relevant to the Company’s preparation of financial
statements that give a true and fair view in order to design audit procedures that are appropriate
in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the
Company’s internal control.
An audit also includes evaluating the appropriateness accounting policies used and the reasonableness
of accounting estimates made by the Directors, as well as evaluating the overall presentation of the
financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis
for our audit opinion.
pg.
55
Asia Media Group Berhad
►
Annual Report 2015
INDEPENDENT
AUDITORS’ REPORT
To the Members of Asia Media Group Berhad