TAN CHONG MOTOR HOLDINGS BERHAD
Annual Report 2014
31
The Chief Financial Officer, Head of Internal Audit and the Company Secretary shall normally attend meetings. Other
Board members and employees may attend meetings upon the invitation of the Committee. A representative of the
external auditors shall attend the meeting to consider the final audited financial statements and such other meetings
determined by the Committee.
The Chairman shall exercise the right to require those who are in attendance to leave the room when matters to be
discussed are likely to be hampered by their presence or confidentiality of matters needed to be preserved.
(E) Reporting Procedures
The Company Secretary shall record the proceedings of meetings. Minutes shall be circulated to all members of the
Board.
The Committee shall prepare, for the Board and for inclusion in the Company’s annual report, a summary of its activities
in the discharge of its functions and duties for the financial year.
The Committee may report to Bursa Malaysia Securities Berhad of matter reported by it to the Board which has not been
satisfactorily resolved resulting in a breach of the Listing Requirements.
SUMMARY OF ACTIVITIES OF AUDIT COMMITTEE
Activities of the Audit Committee during the year encompassed the following:
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t SFWJFXFE BOOVBM BVEJUFE mOBODJBM TUBUFNFOUT BOE QSJODJQBM NBUUFST BSJTJOH GSPN BVEJU XJUI UIF FYUFSOBM BVEJUPST
t SFWJFXFE RVBSUFSMZ mOBODJBM SFTVMUT QSJPS UP TVCNJTTJPO UP UIF #PBSE GPS DPOTJEFSBUJPO
t SFWJFXFE BOE BQQSPWFE UIF "OOVBM *OUFSOBM "VEJU 1MBO UP FOTVSF BEFRVBDZ PG SFTPVSDFT DPNQFUFODJFT BOE DPWFSBHF PG
auditable entities with significant and high risks;
t SFWJFXFE JOUFSOBM BVEJU SFQPSUT
t SFWJFXFE UIF *OUFSOBM $POUSPM 4UBUFNFOU
t TFU QPMJDZ PO OPO BVEJU TFSWJDFT QSPWJEFE CZ FYUFSOBM BVEJUPST BOE BQQSPWFE OPO BVEJU GFFT QBJE QBZBCMF UP UIF FYUFSOBM
auditors;
t FWBMVBUFE UIF QFSGPSNBODF DPNQFUFODZ JOEFQFOEFODF PCKFDUJWJUZ BOE TVJUBCJMJUZ PG UIF FYUFSOBM BVEJUPST BOE NBEF
recommendation to the Board on their reappointment and audit fees thereof;
t SFWJFXFE UIF SFMBUFE QBSUZ USBOTBDUJPOT BOE SFDVSSFOU SFMBUFE QBSUZ USBOTBDUJPOT PG UIF (SPVQ
t SFDFJWFE UIF SFQPSUT PO JSSFHVMBSJUJFT BOE TFSJPVT NJTDPOEVDU SBJTFE CZ UIF (SPVQ $PNQMJBODF 0GmDF BOE
t NFU XJUI UIF FYUFSOBM BVEJUPST XJUIPVU UIF QSFTFODF PG FYFDVUJWF #PBSE NFNCFST BOE NBOBHFNFOU QFSTPOOFM
SUMMARY OF INTERNAL AUDIT ACTIVITIES
The Head of Internal Audit reports directly to the Audit Committee.
Activities of internal auditors during the year encompassed the following:
t GPSNVMBUFE BOE BHSFFE XJUI UIF "VEJU $PNNJUUFF PO UIF BVEJU QMBO TUSBUFHZ BOE TDPQF PG XPSL
t SFWJFXFE DPNQMJBODF XJUI QPMJDJFT QSPDFEVSFT BOE SFMFWBOU SVMFT BOE SFHVMBUJPOT
t SFWJFXFE BOE BTDFSUBJOFE BEFRVBDZ PG DPOUSPMT BTTPDJBUFE XJUI LFZ CVTJOFTT VOJUT BOE TVQQPSU GVODUJPOT XJUIJO UIF
Group;
t QFSGPSNFE TQFDJBM SFWJFX BOE JOWFTUJHBUJPO BT EFFNFE OFDFTTBSZ BOE
t SFQPSUFE BVEJU mOEJOHT BOE NBEF SFDPNNFOEBUJPOT UP JNQSPWF UIF FGGFDUJWFOFTT BOE FGmDJFODZ PG JOUFSOBM DPOUSPM
system at the various business units.
AUDIT COMMITTEE REPORT
