During FY2026, the following activities were carried out by the Internal Auditors in discharge of its responsibilities: (i) Executed the internal audit function based on an Internal Audit Plan tabled and approved by the AC; (ii) The Internal Audit Plan encompasses critical functional areas and business activities of the Group. It also addresses issues related to control deficiencies and areas for improvement, providing pertinent recommendations to rectify these issues; (iii) Emphasis on implementing best practices and ensuring management assurance across all business risks, with a particular focus on operational effectiveness and efficiency, reliability of reporting, compliance with applicable laws and regulations, and safeguarding of assets; (iv) Performed follow-ups on the status of management-agreed action plans on recommendations raised in previous internal audit cycles, specifying timelines for the resolution of outstanding matters; and (v) Presentation of reports issued by the internal audit function at AC meetings with management in attendance to provide clarifications or additional information to address questions raised by AC members in relation to the matters raised. The AC and the Board agree that the internal audit review and the coverage is adequate. The cost incurred for the internal audit function in respect of the financial year is approximately RM410,080.90. For more details of the internal controls, internal audit function and risk management, please refer to the Statement on Risk Management and Internal Control included in this Annual Report. AUDIT COMMITTEE REPORT GOVERNANCE DESTINI BERHAD 108 ANNUAL REPORT 2026
RkJQdWJsaXNoZXIy NDgzMzc=