Annual Report - Bina Puri

Internal Control Statement (Cont’d)
ASSURANCE MECHANISM
The Group had established an Audit Committee with the primary objective of assisting the Board to review the
adequacy and integrity of the Group’s internal control and management information systems. In discharging its duties,
the internal audit function of the Group is outsourced to BDO Governance Advisory Sdn. Bhd. (“BDOGA”).
BDOGA independently reviews the adequacy and integrity of the system of internal controls and reports to the Audit
Committee on a quarterly basis.The annual audit plan covering the key activities of the Group is tabled to the Audit
Committee for discussion and approval.
For year 2008, BDOGA has completed three (3) internal control reviews according to the annual audit plan. A number
of minor internal control weaknesses were identified during the period, all of which have been, or are being addressed.
The weaknesses and their impact to the business organisation, audit recommendations, Management’s rectification,
action plans and follow-up actions taken arising from the audits were promptly reported to the Audit Committee.
GOING FORWARD
The Board is committed to continually strengthen the transparency and efficiency of the Group’s operations.This will
be supported by an assessment independent of operations on the adequacy and integrity of the controls by BDOGA,
the external party outsourced to oversee the internal audit function of the Group. Other initiatives deemed necessary
will be considered from time to time in order to ensure that the control environment remains reasonably secure.
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BINA PURI HOLDINGS BHD
Annual Report 2008