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STATEMENT ON
CORPORATE GOVERNANCE (CoNT’D)
RElATIONSHIp WITH THE ExTERNAl AuDITORS
Masterskill Education Group Berhad / Annual Report 2012
31
The Board via the Audit Committee maintains an appropriate, formal and transparent relationship with the Group’s external auditors.
The Audit Committee meets the external auditors without the presence of the management, wherever necessary, and at least twice a
year. Meetings with the external auditors are held to further discuss the Group’s audit plans, audit findings, financial statements as well
as to seek their professional advice on other related matters. From time to time, the external auditors inform and update the Audit
Committee on matters that may require their attention.
The role of Audit Committee in relation to dealing with the auditors is described in the Audit Committee Report set out on pages
32 to 34 of this Annual Report.
INTERNAl CORpORATE DISClOSuRE pOlICIES AND pROCEDuRES
Along with good corporate governance practices, the Company is committed to provide to investors and the public with comprehensive,
accurate and material information on a timely basis.
DIRECTORS’ RESpONSIBIlITy STATEmENT
The Board is required by the Act to prepare annual audited financial statements for each financial year which have been made out
in accordance with the applicable approved accounting standards and the provisions of the Act. The Board is responsible to take
reasonable steps to ensure that the financial statements give a true and fair view of the state of affairs of the Group and the Company,
and of their results and cash flows for the financial year then ended.
The Board of Directors are required under Paragraph 15.26 of the MMLR to issue a statement explaining their responsibility for
preparing the annual audited financial statements.
In preparing the annual audited financial statements of the Group and the Company for the financial year, the Board has:
• adopted suitable accounting policies and applied them consistently;
• where applicable, made judgments and estimates that are reasonable and prudent;
• ensured that applicable approved accounting standards have been followed; and
• confirmed that the annual audited financial statements have been prepared on a going concern basis.
The Board has ensured that the Group and Company keep proper accounting and other records that will disclose with reasonable
accuracy at any time the financial position of the Group and the Company, and which enable them to ensure that the annual audited
financial statements comply with the Act and the applicable approved accounting standards.
This Directors’ Responsibility Statement is made in accordance with the resolution of the Board dated 26 April 2013.