In Malaysia, improvements and progress have been observed across various indicators of audit and risk management, alongside commendable integrity in corporate reporting. This is attributed to the rigorous and robust regulatory framework by the policymakers and industry stakeholders in championing the risk management cause. In the area of risk management, companies should ensure effective mitigation and management of potential and current risk, including relevant sustainability risks, to remain agile and resilient to the emerging issues and considerations. Companies should take into consideration regulatory guidance such as those prescribed by laws (e.g., Companies Act 2016), industry regulators and court judgements. Companies can also consider, where relevant, the adoption of and alignment with local guidelines (such as the MCCG by SC, Statement on Risk Management & Internal Control by Bursa Malaysia), as well as international codes and best practices on risk management and internal assurance purposes, in reporting against risk management considerations and indicators.
Report Last Submitted Audited Financial Report
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