Annual Report 2012, PDF - Axiata Group Berhad - Investor Relations

BOARD AUDITCOMMITTEE REPORTix.Review the external auditor’s audit report, andreport the same to the Board.x. Review the external auditors’ managementletter and the management’s response.xi. At least annually assess and report to theBoard on the independence of the externalauditors, obtaining from the external auditors awritten statement delineating all relationshipsbetween the audit and the Group anddelineating any other relationships that mayadversely affect the independence of theexternal auditors.xii. Monitor the extent of non-audit work to beperformed by the external auditors to ensurethat the provision of non-audit services doesnot impair their independence or objectivity.This includes a pre-approval process for anysuch work and the hiring of employees orformer employees of the external auditors.xiii. Resolve any disagreement betweenmanagement and the external auditors regardingfinancial reporting.3.3 Internal Audit Functioni. Approve the Internal Audit Charter, whichdefines the independent purposes, authority,scope and responsibility of AGIA.ii.iii.Discuss with the GCIA the annual internal auditscope, plans and objectives, resources,qualifications, independence, reporting structureand performance of AGIA.Review and recommend the Internal AuditBusiness Plan, including the IA Plan and budget,for final approval by the Board, and review theresults of the internal audit process. Wherenecessary the BAC is to ensure:a. That appropriate action is taken on therecommendations of AGIA and report thesame to the Board.b. That the scope, functions, competency andresources of AGIA are adequate and that ithas the necessary authority to carry out itswork and report the same to the Board; andc. That the goals and objectives of AGIAcommensurate with corporate goals.iv. Review any appraisal or assessment of theperformance of the members of AGIA.v. The GCIA shall report directly to the BAC andshall be responsible for the regular review andappraisal of the effectiveness of the riskmanagement, internal control and governanceprocesses within the Group.vi.The Head of Internal Audit at the OpCos reportfunctionally to the OpCo’s BAC and on a dottedline basis to the GCIA for purposes ofstandardising the operations of internal audit inAxiata and its OpCos by furnishing reports tothe GCIA in relation to matters including butnot limited to, major control issues, auditreports, quarterly reports, and Minutes ofOpCos BAC meetings.vii. Review internal audit results and reports fromthe GCIA including the report on the Group’sinternal controls and progress in remedying anymaterial control deficiencies raised by AGIA.viii. Approve the appointment or termination of theGCIA and the senior staff members of AGIA.ix.Take cognisance of resignations of the GCIAand staff members of AGIA and provide theresigning GCIA or staff members the opportunityto submit his/her reasons for resigning.x. Annually review and appraise the performanceof the GCIA, including the role and effectivenessof AGIA.112