REGULATORS
STAKEHOLDERS
(Laws, regulations,
standards)
BOARD OF DIRECTORS
(AUDIT COMMITTEE)
MANAGEMENT
(Executives operationalise
policies, strategies and
Direction and control
core functions)
Accountabi
lity
BOARD OF DIRECTORS
REGULATORS
AUDIT COMMITTEE
(Laws, regulations,
standards)
SHAREHOLDERS
STAKEHOLDERS
MANAGEMENT
INTERNAL AUDIT
EXTERNAL AUDITOR
Board of Directors
Audit Committee
Company Secretary
Managing Director
Department
Department
Department
Department
Board of Directors
Audit Committee
Company
Secretary
Internal Audit
Control
assessment
Review process
Reporting
External
Auditors
Risk
manageme
nt
Committee
Risk identification
and assessment
Risk mitigation
(CONT)
END OF TOPIC 5
ADDITIONAL
NOTES
CORPORATE GOVERNANCE
ENFORCEMENT OF
THE CODE:
Under the Listing Requirements of Bursa
Malaysia, listed entities are required to include
in their annual report:
EXAMPLE QUESTIONS
CORPORATE GOVERNANCE
State and briefly discuss the main role of audit committee to ensure
effective corporate governance.