GOVERNANCE The AC may invite the Head of Internal Audit, the Chief Financial Officer and the Company Secretary or any members of the management to attend any of its meetings as it determines. All meetings were convened with proper notices and agendas were distributed to the members with sufficient notification. During the meetings, all deliberations were recorded, and minutes were tabled for confirmation at every succeeding meeting and subsequently, AC Chairman will present the summary report to the Board. AC also invited the Executive Director, Group Managing Director and the Management to attend the meetings in order to keep abreast of matters and issues pertaining to the Group. SUMMARY OF ACTIVITIES OF THE AUDIT COMMITTEE The Chairman of AC reports to the Board at each Board meeting on the activities carried out by the AC in discharge of its duties and responsibilities. The major work undertaken by the AC during the financial year was as follows: 1. FINANCIAL REPORTING (i) Reviewed the quarterly unaudited financial results of the Group and the Company including the announcements pertaining thereto, before recommending to the Board for approval and release the results to Bursa Securities; (ii) Reviewed the annual audited financial statements of the Group and the Company, together with the external auditors, before recommending the same to the Board for approval; (iii) Reviewed the impact of changes in accounting policies and adoption of new accounting standards, together with significant matters highlighted in the financial statements; (iv) Reviewed related party transactions and conflict of interest situation that may arise within the Group and/or Company, to ensure that transactions entered into were on arm’s length basis and on normal commercial terms; and (v) Reported to the Board on its activities and significant findings and results. 2. EXTERNAL AUDIT (i) Reviewed the External Auditors' reports regarding audit and accounting issues stemming from the audit, as well as updates on new developments in accounting standards issued by the Malaysian Accounting Standards Board prior to submission to the Board for approval. The review was to ensure the financial reporting and disclosures requirements are in compliance with the relevant rules and regulations; (ii) Reviewed the Audit Planning Memorandum for FY2026 and thereafter recommended the same to the Board for notation and approval; (iii) Reviewed and discussed with the external auditors of their audit findings inclusive of system evaluation, audit fees, issues raised, audit recommendations and management response to these recommendations; (iv) Evaluated the performance of the external auditors for FY2026 covering areas such as calibre, quality processes, audit team, audit scope, audit communication, audit governance and independence and considered and recommended the re-appointment of the external auditors; (v) Reviewed and approved the non-audit services provided/to be provided by the External Auditors and its affiliates to ensure the provision of the non-audit services does not impair their independence or objectivity as External Auditors of the Group and the Company; (vi) Reviewed the Statement on Risk Management and Internal Control before recommending to the Board for approval and inclusion in the Annual Report; and (vii) Reviewed the proposed fees for the External Auditors in respect of their audit and non-audit services to the Company and the Group. The Company has appointed UHY Malaysia PLT as the Auditor of the Company to conduct the external audit for FY2026. AUDIT COMMITTEE REPORT DESTINI BERHAD 106 ANNUAL REPORT 2026
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