Goldis Berhad Annual Report 2003

Audit Committee Report (cont’d)
Since its formation on 20 May 2002, the Audit Committee has held three meetings, on 20 June, 19 September
and4 December 2002, in the financial year ended 31.1.2003. Each meeting was held with the full attendance
of its members.
Audit Committee Meeting 20.06.2002 19.09.2002 04.12.2002 %
Tan Kim Leong 100
Tan Boon Lee 100
Daud Mah bin Abdullah (appointed on 15.1.2003) N/A N/A N/A N/A
Tan Kee Keat (resigned on 27.12.2002) 100
Activities Undertaken By Audit Committee
The activities of the Audit Committee during the financial year ended 31 January 2003 include the following:-
(i)
(ii)
(iii)
(iv)
(v)
review audit plan of external and internal auditors;
review the year end financial statements and recommend the same to the Board for approval;
review the quarterly financial results for announcement to the KLSE and recommend the same to the
Board for approval;
review the adequacy and integrity of the internal control system; and
review the Risk Management Policy and Programme to safeguard the companies’ assets.
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GOLD IS ANNUAL REPORT 2003