CORPORATE GOVERNANCE
SGX Disclosure Guide
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 Principle 6 on Access
to Information and Principle 11 on Risk
Management and Internal Controls.
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 Principle 13
on Internal Audit.
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 Principle 11 on Risk
Management and Internal Controls.
(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 104 of the
Corporate Governance Report on
Directors’ Opinion on Internal Controls.
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 Principle 12 on Audit
Committee.
(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 105 of the Corporate
Governance Report on External Audit.
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A-REIT ANNUAL REPORT
2015/2016
