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iv. Preparation of annual sales forecast for monthly
monitoring and tracking of performance; and
v. Provision of on-job training to employees in
order to strengthen our controls on the business
competitiveness and capability of our organisation.
Management Responsibilities And Assurance
In accordance to the Bursa’s Guidelines, management is
responsible to the Board for
identifying risks relevant
to the business of the Group’s objectives and strategies
implementing, maintaining sound systems of risk
management and internal control and monitoring and
reporting to the Board of signi cant control de ciencies
and changes in risks that could signi cantly a ect the
Group’s achievement of its objective and performance.
Before producing this Statement, the Board has received
an assurance from the
Managing Director that, to the
best of his knowledge that the Group’s riskmanagement
and internal control systems are operating adequately
and e ectively, in all material aspects.
Board Assurance And Limitation
In making this Statement, the Board had considered the
Guidelines.
For the nancial year under review, the Board con rms
that there is an ongoing process for identifying,
evaluating and managing signi cant risks faced by the
Group and the Board is satis ed that the existing level
of systems of internal control and risk management
are e ective to enable the Group to achieve its business
objectives and there were no material losses resulted
from signi cant control weaknesses.
Nonetheless, the Board wishes to reiterate that risk
management and internal control should be continuously
improved in line with the evolving business development.
It should also be noted that risk management systems
and systems of internal control are only designed to
manage rather than eliminate risks of failure to achieve
business objectives. erefore, these systems can only
provide a reasonable but not an absolute assurance
against material misstatements, frauds and losses.
During the current nancial year, there were no major
internal control weaknesses which led to material
losses, contingencies or uncertainties that would require
disclosure in this Annual Report.
Review Of Statement On Internal Control By
External Auditors
e external auditors have reviewed this Statement on
Risk Management and Internal Control for inclusion
in the Annual Report for the year ended 30 June 2015
and have reported to the Board that nothing has come
to their attention that causes them to believe that this
Statement is inconsistent with their understanding of
the processes the Board has adopted in reviewing the
adequacy and integrity of the systems of internal
control of the Group.
