FGV Annual Report 2012

144 Felda Global Ventures Holdings Berhad Report on the Audit Committee Laporan Jawatankuasa Audit 5. Reviewing the Related Party Transactions • Reviewed the Group’s policy and procedures on Related Party Transactions and Recurrent Related Party Transactions and recommended them for approval of the Board. 6. Reviewing the Complains Process • Reviewed the Group Whistleblowing Policy and Procedures and recommended it for approval of the Board. TRAINING During the year, the Audit Committee members attended various conferences, seminars and training programmes. The training attended by the Committee members during the financial year ended 31 December 2012 is reported in the Statement of Corporate Governance on pages 102 to 103 of this Annual Report. SUMMARY OF ACTIVITIES OF GROUP INTERNAL AUDIT The FGV Group has an in-house Group Internal Audit function, which is independent and reports directly to the Audit Committee. The Group Internal Audit provides independent and objective assessment of the adequacy and effectiveness of risk management, controls and governance processes of the Group. It is guided by the Group Internal Audit Charter, which was written to meet the requirements of the Institute of Internal Auditors’Professional Practices Framework and approved by the Audit Committee. The internal audits are planned on a risk based approach to prioritise the audit requirements of the Group’s diverse and distributed business operations. Based on the risk assessment, the priority ranking of each operating unit is assigned to arrive at the audit plan. The Annual Group Internal Audit Plan is approved by the Audit Committee before its implementation. Each internal audit assignment is undertaken based on a careful planning to focus on covering management of risks to achieve objectives; economy, efficiency and effectiveness of operations; safeguard of assets; accuracy, reliability and timeliness of reported information; and compliance with laws, regulations and internal policies and procedures. In addition, Group Internal Audit also has a dedicated investigative team that undertakes investigations of fraud, misconduct, negligence, etc. reported. The outcome of the internal audits together with management’s corrective actions are reported to the Audit Committee every quarterly. 5. Menyemak Urusniaga Pihak Berkaitan • MengkajidasardanprosedurKumpulanberhubungUrusniagaPihakBerkaitan dan Urusniaga Berulang dengan Pihak Berkaitan serta mencadangkannya untuk kelulusan Lembaga Pengarah. 6. Menyemak Proses Aduan • Mengkaji Dasar dan Prosedur Pendedahan Maklumat Kumpulan dan mencadangkannya untuk kelulusan Lembaga Pengarah. LATIHAN Pada tahun ini, ahli-ahli Jawatankuasa Audit telah menghadiri pelbagai persidangan, seminar dan program latihan. Latihan yang dihadiri oleh ahli-ahli Jawatankuasa pada tahun kewangan berakhir 31 Disember 2012 dilaporkan dalam Penyata Tadbir Urus Korporat pada mukasurat 102 hingga 103 dalam Laporan Tahunan ini. RINGKASAN AKTIVITI AUDIT DALAMAN KUMPULAN Kumpulan FGV mempunyai fungsi Audit Dalaman Kumpulan, yang berpendirian bebas dan melapor terus kepada Jawatankuasa Audit Dalaman Kumpulan. Audit Dalaman Kumpulan menyediakan penilaian yang bebas dan objektif berhubung kecukupan dan keberkesanan pengurusan risiko, kawalan dan proses tadbir urus Kumpulan. Ia dipandu oleh Piagam Audit Dalaman Kumpulan, yang ditulis bagi memenuhi kehendak Rangka Kerja Amalan Profesional Institut Juruaudit Dalaman dan diluluskan oleh Jawatankuasa Audit. Audit dalaman dirancang menggunakan pendekatan berasaskan risiko bagi mengutamakankeperluanauditoperasiperniagaanKumpulanyangberkepelbagaian danteragih.Berdasarkanpenilaianrisikotersebut,tahapkeutamaansetiapunitoperasi ditugaskan untuk mencapai pelan audit tersebut. Pelan Audit Dalaman Tahunan Kumpulan telah diluluskan oleh Jawatankuasa Audit sebelum pelaksanaannya. Setiap tugasan audit dalaman dilaksanakan berdasarkan perancangan yang berhati-hati bagi memberi tumpuan ke atas liputan pengurusan risiko untuk mencapai objektif; ekonomi, kecekapan dan keberkesanan operasi; perlindungan aset; ketepatan, kebolehpercayaan dan ketepatan waktu maklumat yang dilaporkan; dan pematuhan undang-undang, peraturan serta dasar-dasar dan prosedur dalaman. Di samping itu, Audit Dalaman Kumpulan juga mempunyai pasukan penyiasatan yang berdedikasi yang menjalankan penyiasatan berhubung penipuan, salah laku, kecuaian, dan lain-lain yang dilaporkan. Hasil daripada audit dalaman berserta tindakan pembetulan pihak pengurusan dilaporkan kepada Jawatankuasa Audit setiap suku tahun.