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ASIA MEDIA GROUP Berhad
Annual Report 2016
54
INDEPENDENT AUDITORS’ REPORT
To the Members of Asia Media Group Berhad
Report on the Audit of the Financial Statements
Opinion
We have audited the financial statements of Asia Media Group Berhad, which comprise the statements
of financial position as at 31 December 2016 of the Group and of the Company, and the statements
of profit or loss and other 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 notes to the financial
statements, including a summary of significant accounting policies, as set out on pages 60 to 126.
In our opinion, the accompanying financial statements give a true and fair view of the financial position
of the Group and of the Company as at 31 December 2016, and of their financial performance and
their cash flows for the year then ended in accordance with Malaysian Financial Reporting Standards,
International Financial Reporting Standards and the requirements of the Companies Act, 1965 in
Malaysia.
Basis for Opinion
We conducted our audit in accordance with approved standards on auditing in Malaysia and
International Standards on Auditing (ISAs). Our responsibilities under those standards are further
described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our
report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide
a basis for our opinion.
Independence and Other Ethical Responsibilities
We are independent of the Group and of the Company in accordance with the
By-Laws (on
Professional Ethics, Conduct and Practice
) of the Malaysian Institute of Accountants (“By-Laws”) and
the International Ethics Standards Board for Accountants’
Code of Ethics for Professional Accountants
(“IESBACode”), and we have fulfilled our other ethical responsibilities in accordance with the By-Laws
and the IESBA Code.
Key Audit Matters
Key audit matters are those matters that, in our professional judgement, were of most significance
in our audit of the financial statements of the Group and of the Company for the current year. These
matters were addressed in the context of our audit of the financial statements of the Group and of the
Company as a whole, and in forming our opinion thereon, and we do not provide a separate opinion
on these matters.