Asia Media Annual Report 2017

ASIA MEDIA GROUP BERHAD Annual Report 2017 39 STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL (cont’d) Conclusion The Board is of the view that the Group’s risk management and internal control systems is in place and is adequate and sufficient to provide reasonable assurance that the risks faced by the Group are under control and have not resulted in material losses incurred by the Group for the financial year ended 31 December 2017. The Board and the Management will continue to take necessary measures and ongoing commitment to strengthen and improve its internal control environment and processes. The above Statement on Risk Management & Internal Control is made in accordance with the resolution of the Board dated 23 April 2018. Review of the Statement by External Auditors The External Auditors have, in accordance with the Recommended Practice Guide 5 issued by the Malaysian Institute of Accountants, reviewed the Statement as required by paragraph 15.23 of the Main Market Listing Requirements of Bursa Securities, for inclusion in the Company’s Annual Report for the financial year ended 31 December 2017. Based on their review, the auditors have reported to the Board that nothing has come to their attention that causes them to believe that the Statement is inconsistent with their understanding of the process adopted by the Board in reviewing and assessing the integrity and adequacy of the internal controls of the Group.