Annual Report
2015
|
DAYANG ENTERPRISE HOLDINGS BHD
(712243-U)
49
ASSURANCE TO THE BOARD
The Board received assurance from the Managing Director and Financial Officer that the Group’s risk
management and internal controls system are operating adequately and effectively, in all material aspects
based on the risk management framework and internal controls system of the Group. During the financial year,
the Board was not aware of any issues which would result in any material losses, deficiencies or errors arising from
any inadequacy or failure of the internal controls system that would require disclosure in the Company’s Annual
Report. The Management will continue to take measures to strengthen the internal control environment.
REVIEW OF THE STATEMENT BY EXTERNAL AUDITORS
The external auditors have reviewed this Statement on Risk Management and Internal Control pursuant to the
scope set out in Recommended PracticeGuide (“RPG”) 5 (Revised 2015),
Guidance for Auditors on Engagements
to Report on the Statement on Risk Management and Internal Control included in the Annual Report
issued by
the Malaysian Institute of Accountants (“MIA”) for inclusion in the annual report of the Group for the year ended
31 December 2015, and reported to the Board that nothing has come to their attention that cause them to
believe that the statement intended to be included in the annual report of the Group, in all material respects:
(a) has not been prepared in accordance with the disclosures required by paragraphs 41 and 42 of the
Statement on Risk Management and Internal Control: Guidelines for Directors of Listed Issuers, or
(b) is factually inaccurate.
RPG 5 (Revised 2015) does not require the external auditors to consider whether the Directors’ Statement on
Risk Management and Internal Control covers all risks and controls, or to form an opinion on the adequacy and
effectiveness of the Group’s risk management and internal control system including the assessment and opinion
by the Board of Directors and management thereon. The auditors are also not required to consider whether the
processes described to deal with material internal control aspects of any significant problems disclosed in the
annual report will, in fact, remedy the problems.
The statement is made in accordance with a resolution of the Board of Directors dated 12 April 2016.
Statement on Risk Management
and Internal Control
(cont’d)
