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Annual Report 2013
KPJ HEALTHCARE BERHAD
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5.3 AUDIT ACTIVITIES
The IAS within its terms and reference carried out the following
activities for the period:
i)
Review and appraise the adequacy and integrity of the
internal nancial controls so as to ensure that it provides
a reasonable but not absolute assurance that assets are
properly safeguarded;
ii) Ascertain the effectiveness of the Management in identifying
principal risks and to manage such risks through the Risk
Management Framework set-up by the Group;
iii) Ascertain the level of compliance with Group’s plans,
policies, procedures and adherence to laws and regulations;
iv) Appraise the effectiveness of administrative and nancial
controls applied and the reliability and integrity of data that
is produced within the Group;
v) Perform follow-up reviews of previous audit reports to
ensure appropriate actions are implemented to address
control weaknesses highlighted;
vi) Carry out investigations and special reviews requested by
the Committee and/or Management; and
vii) Prepare the Audit Committee Report for the Company’s
Annual Report 2013.
During the nancial year ended 31 December 2013, IAS
accomplished a total of 191 audits comprising scheduled nancial
and operational audits at the hospitals and support companies
including due diligence, special audits and ad hoc assignments.
Reviews on compliance with the established procedures,
guidelines and statutory obligations are also performed.
Investigations were also made at the request of the Committee
and Management on speci c areas of concern to follow up in
relation to high risk areas identi ed in the regular reports. These
investigations provided additional assurance on the integrity and
robustness of the internal control systems.
All ndings resulting from the audits were reported to the
Committee, Senior Management and relevant Management of
operating hospitals and support companies. Management of the
operating hospitals and support companies are accountable to
ensure proper recti cation of the audit issues and implementation
of action plans within the timeframe speci ed. Follow up by IAS
on the actions taken is updated in the subsequent audits.
6. SEMINARS/CONFERENCES ATTENDED BY THE COMMITTEE
For the year under review, the Committee attended the following
seminars and conferences:
No Name of Seminars /
Conference
Date
1 Directors Liabilities and its Impact
to Business
9December 2013
2 InterpretationMalaysian Financial
Reporting Standard and GST
15November 2013
3 KhazanahMegatrends Forum 2013 30September 2013
4 What the Board Needs and
Ask About IT
8 July 2013
5 Natural Economic Development
and Challenges
1 July 2013
6 Special presentation on ASEAN
Corporate Governance Score 2013
19 June 2013
7 International Corporate
Governance Seminar
6 June 2013
8 Financial Institutions Directors’
Education Programme
5 - 6 June 2013
Audit Committee
Report