The Board of Directors (the "Board") places strong dedication and commitment to the highest standards towards effective Internal Audit function in-line with "Best Practices in Corporate Governance of Malaysian Code of Corporate Governance (MCCG)" guidelines. The Board also supports its independent role as an independent, objective assurance and consulting activity designed to add value and improve the company's operations.
The internal audit function helps the company accomplish its objectives by bringing a systematic disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes as a service to management and the Board through the Audit Committee.
Quote by William G Bishop III, President of The Institute of Internal Auditors, remarked at Organisation for Economic Co-operation and Development (OECD) Meeting on 5 February 2004:
"A lack of an internal audit function should be considered a weakness in an organisation's internal control systems. …… Consideration of the work of internal auditors is essential for the audit committee to gain a complete understanding of an organisation's operations".