AUDIT COMMITTEE REPORT
(CONT’D)
INTERNAL AUDIT FUNCTION
The Board has outsourced its internal audit activities to a professional service firm to support the internal audit
function. The internal auditors report functionally to the Audit Committee, assisting it in discharging its duties and
responsibilities. Its key role is to provide an independent and objective assurance of the adequacy and integrity
of the system of internal controls.
During the financial year ended 31 December 2014, internal audit reviews have been carried out according to
the internal audit plan, which has been approved by the Audit Committee. The internal audit reviews covered the
areas of product costing and sales order management, production management, human resource management,
material requirement planning and quality control management. The findings and recommendations were
highlighted to management for their comments and further action. Internal audit reports were presented to the
Audit Committee, which in turn reported to the Board. The cost incurred for the internal audit function in respect
of the financial year is RM35,643.
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Pentamaster Corporation Berhad
(572307-U)
Annual Report 2014
29
