Guideline
Questions
How has the Company complied?
Risk Management and
Internal Controls
Guideline 6.1
What types of information does the Company
provide to independent directors to enable
them to understand its business, the business
and financial environment as well as the risks
faced by the Company? How frequently is the
information provided?
Please refer to pages 102 and 103 of the report.
Guideline 13.1
Does the Company have an internal audit
function? If not, please explain why.
Yes. The internal audit function is outsourced to
BDO LLP, an international auditing firm. Please
refer to page 107 of the report for further
details.
Guideline 11.3
(a)
In relation to the major risks faced
by the Company, including financial,
operational, compliance, information
technology and sustainability, please
state the bases for the Board’s view on
the adequacy and effectiveness of the
Company’s internal controls and risk
management systems.
Please refer to page 105 and 106 of the report.
(b)
In respect of the past 12 months, has
the Board received assurance from the
CEO and the CFO as well as the internal
auditor that: (i) the financial records
have been properly maintained and
the financial statements give true and
fair view of the Company’s operations
and finances; and (ii) the Company’s
risk management and internal control
systems are effective? If not, how does
the Board assure itself of points (i) and
(ii) above?
Yes. Please refer to page 106 of the report.
Guideline 12.6
(a)
Please provide a breakdown of the fees
paid in total to the external auditors
for audit and non-audit services for the
financial year.
Please refer to page 107 of the report.
(b)
If the external auditors have supplied a
substantial volume of non-audit services
to the Company, please state the bases
for the Audit Committee’s view on the
independence of the external auditors.
Please refer to page 107 of the report.
C O R P O R A T E G O V E R N A N C E
Disclosure Guide
ASCENDAS REAL ESTATE INVESTMENT TRUST ANNUAL REPORT 2014/15
