Internal Audit
(a) Reviewed and approved the annual Assurance Plan to ensure adequate scope and comprehensive coverage of the acƟviƟes of Digi.
(b) Reviewed and deliberated on internal audit reports tabled during the year, the audit recommendaƟons made and Management’s response to these recommendaƟons.
(c) Monitored the implementaƟon of miƟgaƟng acƟons by Management on outstanding issues on a quarterly basis to ensure that all key risks and control weaknesses are properly addressed.
(d) Reviewed and monitored the results and status of acƟons of internal misconduct cases in relaƟon to Digi’s Code of Conduct.
(e) Held private meeƟngs with the Head and senior members of the Assurance Department for discussions on the acƟviƟes, Įndings and recommendaƟons of the Assurance Department without
the presence of Management.
(f) Reviewed the performance, scope, funcƟons, adequacy and competency of the Assurance Department including changes to its organisaƟonal structure and movements of its members.
External Audit
(a) Reviewed the scope of work and tabled to the Board for approval the engagement leƩer from the external auditors conĮrming their independence and objecƟvity.
(b) Reviewed Management’s responses to the external auditor’s interim reports, the results of the annual audit, their audit report and Management LeƩer, together with Management’s responses
to the review of the external auditors.
(c) Reviewed and approved the scope of non-audit services provided by the external auditors to ensure there was no impairment of independence or objecƟvity.
(d) Evaluated the eīecƟveness of the external auditors and made recommendaƟons to the Board of Directors on their re-appointment and remuneraƟon, subject to the approval of Digi’s
shareholders at the general meeƟng. Shareholders in a general meeƟng authorise the Directors to Įx the remuneraƟon of external auditors.
(e) Held two (2) private meeƟngs with the external auditors on 6 February 2014 and 20 October 2014 to ensure there were no restricƟons on the scope of their audit and to discuss any items that
the auditors did not wish to raise in the presence of Management.
Internal Control
(a) Received and reviewed reports on the adequacy, eīecƟveness and reliability of controls over Įnancial reporƟng.
(b) Reviewed and evaluated management procedures, which are designed to provide assurance of compliance with laws, regulaƟons, policies and codes of conduct.
(c) Reviewed the eīecƟveness of the process for idenƟfying, evaluaƟng and managing business risks and reviewed reports on Risk Management acƟviƟes, and annual and quarterly risk proĮles.
(d) Reviewed controls relaƟng to revenue assurance and fraud management acƟviƟes.
Related Party TransacƟons
Reviewed the related party transacƟons entered into by Digi.
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