Download - Axiata Group Berhad - Investor Relations

INTRODUCTIONPursuant to Paragraph 15.26(b) of the Main LR of BursaSecurities, the Board of Directors of listed companies arerequired to include in their annual report, a “statement aboutthe state of internal controls of the listed issuer as a group”.Accordingly, the Board is pleased to provide the followingstatement that was prepared in accordance with the “Statementof Internal Control: Guidance for Directors of Public ListedCompanies” endorsed by Bursa Securities which outlines thenature and scope of the internal controls of the Group duringthe financial year under review.BOARD’s RESPONSIBILITYThe Board is responsible andaccountable for maintaining a soundsystem of internal control and riskmanagement practices to safeguardthe shareholders’ investment and theGroup’s assets. Such system coversnot only financial controls but alsooperational and compliance controls.In view of the limitations inherent inany system of internal control, thesystem of internal control put inplace can only manage risks to withintolerable levels, rather than eliminatethe risk of failure to achieve businessobjectives. Hence, such system byits nature can only provide reasonableand not absolute assurance againstmaterial misstatement, financial lossor fraud.Statement onInternal ControlAnnual Report 2009 • 079