The document outlines the roles and responsibilities of an audit committee according to various regulatory frameworks. The audit committee is responsible for ensuring proper corporate governance, financial reporting, internal controls, and transparency. It monitors the accounting and auditing processes, evaluates the independence and performance of external auditors, and oversees financial risk management and compliance. The committee also reviews related party transactions, whistleblower reports, and the work of internal and external auditors. It is tasked with preparing reports for the board of directors and making recommendations regarding auditors and internal controls.

2. With the external auditor, the audit plan

3. With the external auditor, his evaluation of the system of internal control

4. With the external auditor, his audit report

5. The existence given by the employees of the listed company to the external auditor

6. The adequacy of the scope, functions and resources of the internal audit functions and that it has the necessary of authority to carry out his works

7. The internal audit programme, purposes, the results of the internal audit programme, processes or investigation undertaken and whether or not appropriate action is taken on the recommendations of the internal audit function

8. The quarterly results and year end financial statements, prior to the approval by the Board of Directors, for causing particularly on:

9. Changes arising from implementation of new major accounting policies

10. Significant and unusual events, and

11. Compliance with accounting standards and other legal requirements

12. Any related party transaction and conflict of interest situation that may arise within the listed company or group including any transaction, procedure or cost of conduct that raises questions of management integrity

13. Any letter of resignation from the external auditors of the listed company

14. Whether there is reason rely (supported by grounds) to the company’s external auditor is not suitable for re-appointment

16. To discuss problems and reservations arising from interim and final audits, and any matter the auditor may wish to discuss (in the absence of management where necessary) including assistance given by employees of the Group to the auditor

17. To do the following where an internal audit function exists:

18. • review the adequacy of the scope, function and resources of the internal audit function, and that it has the necessary authority to carry out its work;

19. • review the internal audit programme, process and results of the internal audit programme, processes or investigation undertaken and where necessary ensure that appropriate action is taken on the recommendations of the internal audit function;

20. • review any appraisal or assessment of the performance of members of the internal audit function

21. • be aware of resignations of internal audit staff members and provide the resigning staff member an opportunity to submit his reasons for resigning.

22. Where the Audit Committee is of the view that a matter reported by it to the Board has not been satisfactorily resolved resulting in a breach of these requirements, the Audit Committee must promptly report such matters to the KLSE

23. Perform other oversight functions as requested by the Board <br />