FGV Annual Report 2013

report on the audit committee Laporan Jawatankuasa Audit • Reviewed the adequacy and effectiveness of actions taken by the Management on all significant and recurring issues raised. • Reviewed the outcome of investigations held and monitored the progress and outcome of action taken by the Management on confirmed misconduct, fraud and non- compliances. • Approved senior appointments to Group Internal Audit, conducted yearly review and assessment on the adequacy of performance of the Group Internal Audit in performing the internal audit function for the Group. • Prior to the Audit Committee meetings, the Chairman held private meetings and discussions with the Chief Internal Auditor on the internal audit reports and any related matters. 5. Reviewing the Related Party Transactions • Reviewed the revision of the Group’s policy and procedures on Related Party Transactions and Recurrent Related Party Transactions and recommended them for approval of the Board. • Reviewed the internal audit report on Recurrent Related Party Transactions. 6. Reviewing the Complains Process • Reviewed the revision of the Group’s 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 2013 is reported in the Statement on Corporate Governance on pages 110 to 145 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 established based on 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. • Mengkaji kecukupan dan keberkesanan tindakan yang diambil oleh pihak Pengurusan ke atas semua isu penting dan berulang yang dibangkitkan. • Mengkaji hasil siasatan yang dijalankan dan memantau perkembangan dan hasil tindakan yang diambil oleh pihak Pengurusan terhadap salah laku, penipuan dan ketidakpatuhan yang telah disahkan. • Meluluskan pelantikan jawatan kanan Audit Dalaman Kumpulan, menjalankan kajian dan penilaian tahunan berhubung kecukupan prestasi Audit Dalaman Kumpulan dalammelaksanakan fungsi audit dalaman bagi Kumpulan. • Sebelum mesyuarat Jawatankuasa Audit, Pengerusi telah mengadakan mesyuarat dan perbincangan tertutup dengan Ketua Audit Dalaman berhubung laporan audit dalaman dan sebarang perkara yang berkaitan. 5. Mengkaji Urusniaga Pihak Berkaitan • Mengkaji semakan semula dasar dan prosedur Kumpulan berhubung Urusniaga Pihak Berkaitan dan Urusniaga Pihak Berkaitan yang Berulang serta mengesyorkannya untuk kelulusan Lembaga Pengarah. • Mengkaji laporan audit dalaman mengenai Urusniaga Pihak Berkaitan yang Berulang. 6. Mengkaji Proses Aduan • Mengkaji semakan semula Dasar dan Prosedur Pendedahan Maklumat Kumpulan dan mengesyorkannya untuk kelulusan Lembaga Pengarah. LATIHAN Pada tahun ini, ahli-ahli Jawatankuasa Audit telahmenghadiri pelbagai persidangan, seminar dan program latihan. Latihan yang dihadiri oleh ahli Jawatankuasa pada tahun kewangan berakhir 31 Disember 2013 dilaporkan dalam Penyata Tadbir Urus Korporat di muka surat 110 hingga 145 dalam Laporan Tahunan ini. RINGKASAN AKTIVITI AUDIT DALAMAN KUMPULAN Kumpulan FGV mempunyai fungsi Audit Dalaman Kumpulan sendiri yang berpendirian bebas dan melapor secara langsung kepada Jawatankuasa Audit. Audit Dalaman Kumpulan menyediakan penilaian yang bebas dan berobjektif mengenai kecukupan dan keberkesanan pengurusan risiko, kawalan dan proses tadbir urus Kumpulan. Ia dipandu oleh Piagam Audit Dalaman Kumpulan yang diwujudkan berasaskan keperluan Rangka Kerja Amalan Profesional Institut Juruaudit Dalaman dan diluluskan oleh Jawatankuasa Audit. Audit dalaman dirancang menggunakan pendekatan berasaskan risiko bagi mengutamakan keperluan audit operasi perniagaan Kumpulan yang berkepelbagaian dan teragih. Berdasarkan penilaian risiko tersebut, penarafan keutamaan setiap unit operasi ditugaskan untuk mencapai rancangan audit tersebut. Rancangan Audit Dalaman Tahunan Kumpulan telah diluluskan oleh Jawatankuasa Audit sebelum pelaksanaannya. Felda Global Ventures Holdings Berhad 168