KUMPULAN FIMA ANNUAL REPORT 2019

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The Audit and Risk Committee Report
1. MEMBERS OF THE AUDIT AND RISK COMMITTEE
The members of the Audit and Risk Committee
comprise of:
Encik Azizan bin Mohd Noor (Chairman)
Senior Independent Non-Executive Director
Member of Malaysian Institute of Accountants
Dato’ Rosman bin Abdullah (Member)
Independent Non-Executive Director
Member of Malaysian Institute of Accountants
Puan Rozana Zeti binti Basir (Member)
Non-Independent Non-Executive Director
Datuk Anuar bin Ahmad (Member)
(Appointed on 26 June 2019)
Independent Non-Executive Director
The main responsibilities of the Audit and Risk
Committee are to assist the Board in discharging its
statutory and other responsibilities relating to internal
controls, financial and accounting matters, compliance,
business and financial risk management.
The Audit and Risk Committee shall be appointed by the
Board amongst the Directors of the Company and shall
consist of not less than three (3) members comprising
of Non-Executive Directors a majority of whom are
Independent Directors. A quorum for a meeting shall
be at least two (2) members, both being Independent
Directors. The current composition of the Audit and
Risk Committee and the qualifications of its members
comply with the Main Market Listing Requirements
(“Listing Requirements”) of Bursa Malaysia Securities
Berhad (“Bursa”).
2. TERMS OF REFERENCE
In fulfilling its duties and responsibilities, the Audit and
Risk Committee is guided by the Terms of Reference
which is available on theCompany’swebsite a .
com.my. The Audit and Risk Committee is authorized to
seek information it requires from any employee and all
employees are directed to cooperate with any request
made by the Audit and Risk Committee. The Audit
and Risk Committee is also authorized by the Board to
obtain independent professional advice if necessary in
discharging their functions.
3. MEETINGS
The Audit and Risk Committee held 4 meetings during
the financial year ended (“FYE”) 31 March 2019 and all
the members attended those meetings.
Name of
Committee Members
No. of Meetings
Attended
Encik Azizan bin Mohd Noor 4/4
Dato’ Rosman bin Abdullah 4/4
Puan Rozana Zeti binti Basir 4/4
By invitation, the Company’s Group Managing Director
(“Group MD”) and Chief Financial Officer (“CFO”)
attended the meetings to facilitate deliberations as
well as to provide clarification on audit issues. The
Head of Group Internal Audit (“GIA”) also attended the
meetings to present audit reports. The external auditors
were invited to the meetings to discuss their Key Audit
Findings/Matters, Management Letters, Audit Planning
Memorandum and other matters deemed relevant.
The Audit and Risk Committee also met the external
auditors without management presence on 30 May
2019, to discuss key issues within their sphere of interest
and responsibility.
The Company Secretaries act as secretary to the Audit
and Risk Committee. The Company Secretaries shall
cause minutes to be entered in the books provided for
purpose of recording all resolutions and proceedings
of minutes and shall be kept at the registered office of
the Company for inspection of any member of the Audit
and Risk Committee or the Board. Such minutes shall be
signed by the Chairman of the next succeeding meeting
and if so signed, shall be conclusive evidence without
any further proof of the facts. Minutes of each meeting
shall also be distributed to all attendees of the Audit
and Risk Committee meetings and presented to the
members of the Board at the Board meeting for noting.
corporate
governance
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