Asia Media Annual Report 2017

ASIA MEDIA GROUP BERHAD Annual Report 2017 32 CORPORATE GOVERNANCE STATEMENT (cont’d) 5. UPHOLD INTEGRITY IN FINANCIAL REPORTING (cont’d) 5.1 Compliance with applicable financial reporting standards (cont’d) The Audit Committee assists the Board in scrutinising information for disclosure to ensure accuracy, adequacy and completeness to give a true and fair view of the state of affairs of the Group especially of the Group’s quarterly and audited financial statements before recommending to the Board for its approval. 5.2 Assessment of suitability and independence of External Auditors The Audit Committee would review and monitor the suitability and independence of the External Auditors. The Audit Committee has in place an assessment of the External Auditors and would assess them on an annual basis and report to the Board its recommendation for the reappointment of the External Auditors at the annual general meeting. The External Auditors have confirmed that they were, and have been, independent throughout the conduct of the audit engagement in accordance with the terms of all relevant professional and regulatory requirements. The External Auditors can be engaged to perform non-audit services that are not perceived to be in conflict with their role as the External Auditors. The Audit Committee is satisfied with the competence and independence of the External Auditors and had recommended the re-appointment of the External Auditors to the Directors at the annual general meeting. The Audit Committee met with the External Auditors twice times during the financial year ended 31 December 2017 to review the scope of audit process, the audit findings and the annual financial statements, without the presence of the Executive Director and the Management. The External Auditors are invited to attend the annual general meeting of the Company and are available to answer the Shareholders’ enquiries on the conduct of the statutory audit and the preparation and contents of their audit report. 6. RECOGNISE AND MANAGE RISKS 6.1 Internal Control Information on internal control of Asia Media Group is detailed in the Statement on Risk Management and Internal Control set out on pages 37 to 39.