Background Image
Previous Page  114 / 232 Next Page
Information
Show Menu
Previous Page 114 / 232 Next Page
Page Background

Auditors’ responsibilities for the audit of the consolidated financial statements (cont’d.)

As part of an audit in accordance with approved standards on auditing in Malaysia and International Standards on

Auditing, we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

(cont’d.)

• Conclude on the appropriateness of the directors’ use of the going concern basis of accounting and, based on

the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast

significant doubt on the Group’s and the Company’s ability to continue as a going concern. If we conclude that

a material uncertainty exists, we are required to draw attention in our auditors’ report to the related disclosures

in the financial statements of the Group and of the Company or, if such disclosures are inadequate, to modify

our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors’ report.

However, future events or conditions may cause the Group or the Company to cease to continue as a going

concern.

• Evaluate the overall presentation, structure and content of the financial statements of the Group and of the

Company, including the disclosures, and whether the financial statements of the Group and of the Company

represent the underlying transactions and events in a manner that achieves fair presentation.

• Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business

activities within the Group to express an opinion on the financial statements of the Group. We are responsible

for the director, supervision and performance of the group audit. We remain solely responsible for our audit

opinion.

We communicate with the directors regarding, among other matters, the planned scope and timing of the audit and

significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide the directors with a statement that we have complied with relevant ethical requirements regarding

independence, and to communicate with them all relationships and other matters that may reasonable be thought

to bear on our independence, and where applicable, related safeguards.

From the matters communicated with the directors, we determine those matters that were of most significance in

the audit of the financial statements of the Group and of the Company for current year and are therefore the key

audit matters. We describe these matters in auditors’ report unless law or regulation precludes public disclosure

about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated

in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public

interest benefits of such communication.

Report on other legal and regulatory requirements

In accordance with the requirements of the Companies Act 2016 in Malaysia, we report that the subsidiaries of which

we have not acted as auditors, are disclosed in Note 41 to the financial statements.

Independent

Auditors’ Report

to the members of Kumpulan Fima Berhad (Incorporated in Malaysia)

Kumpulan Fima Berhad

(11817-V)

Annual Report 2019

110