The Board is responsible for ensuring the quality and completeness of publicly disclosed financial reports. This responsibility ensures shareholders receive a balanced and meaningful evaluation of the Company’s financial performance, position and prospects by issuing annual audited financial statements, quarterly financial reports, and corporate announcements regarding significant developments that affect the Company, in accordance with the MMLR of Bursa Securities. The Board is committed to continuously delivering a clear, balanced, and comprehensive evaluation of DNeX Group’s financial performance and prospects. To uphold its commitments to stakeholders, the Company ensures that financial and business information is recorded and reported fairly and accurately. 5.2 Relationship with Auditors and Independence of External Auditors The Board, through the AC, upholds a transparent and professional relationship with the Company’s external and internal auditors. During the year under review, the AC met the external auditors twice, in the absence of the Executive Directors and management, to exchange independent views on matters requiring the AC’s attention. The external auditors, Messrs Crowe Malaysia PLT, provide an independent opinion based on their audit of the financial statements of DNeX Group and report their findings to the Company’s shareholders, as required by Section 266 of the Companies Act 2016. The external auditors also attend each AGM to assist in giving clarifications to shareholders on the audited financial statements. The AC conducts an annual review to assess the suitability and independence of the external auditors. To accomplish this, the AC has established specific criteria. Additionally, the committee seeks written and/or verbal assurance from the external auditors that they remain independent throughout the audit engagement, in accordance with all relevant professional and regulatory standards. PRINCIPLE B: EFFECTIVE AUDIT AND RISK MANAGEMENT 1. AC The current AC consists of three (3) Independent Non-Executive Directors, two (2) of whom are financially literate. All members possess a strong understanding of DNeX Group’s business. The members of the AC participate in continuous professional development to stay up to date on developments in accounting and auditing standards, practices, and regulations. The AC Report within this Integrated Report details the composition of the AC. Furthermore, the Chairman of the AC is not the Board’s Chairman, thereby maintaining the Board’s objectivity in reviewing the AC’s findings and recommendations. The AC has adopted a Terms of Reference that outlines its goals, objectives, duties, responsibilities, and criteria for the composition of the AC, which includes a former key audit partner of DNeX Group to observe a cooling-off period of at least three (3) years before being eligible for appointment as a member of the AC. In presenting the annual audited and quarterly interim financial statements to shareholders, the Board is responsible for delivering a clear, balanced, and understandable assessment of DNeX Group’s performance and financial position. The Board entrusts the AC with the task of reviewing DNeX Group’s financial reporting process and ensuring the accuracy of its financial results, which involves scrutinising information intended for disclosure to verify its accuracy, adequacy, completeness, and compliance with the accounting standards. The Board emphasises the importance of the external auditors’ objectivity and independence. Through the AC, the Board fosters a transparent relationship with external auditors to seek professional advice on internal controls and ensure compliance with relevant accounting standards. The AC is empowered to communicate directly with external auditors to highlight any concerns at any time. CORPORATE GOVERNANCE OVERVIEW STATEMENT DNeX INTEGRATED REPORT 2025 100 ABOUT THIS REPORT LEADERSHIP VALUE CREATION @DNeX LEADERSHIP INSIGHTS OVERVIEW OF DAGANG NeXCHANGE BERHAD
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