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Fima CORPORATION Berhad
(197401004110)
(21185-P)
• Annual Report 2020
109
Auditors’ responsibilities for the audit of the consolidated financial statements (cont’d.)
•
Conclude on the appropriateness of the directors’ use of the going concern basis of accounting and, based on the audit evidence
obtained, whether amaterial uncertainty exists related to events or conditions that may cast significant doubt on the Group’s and the
Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention
in our auditors’ report to the related disclosures in the financial statements of the Group and of the Company or, if such disclosures
are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors’
report. However, future events or conditions may cause the Group or the Company to cease to continue as a going concern.
•
Evaluate the overall presentation, structure and content of the financial statements of the Group and of the Company, including
the disclosures, and whether the financial statements of the Group and of the Company represent the underlying transactions and
events in a manner that achieves fair presentation.
•
Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group
to express an opinion on the financial statements of the Group. We are responsible for the direction, supervision and performance of
the group audit. We remain solely responsible for our audit opinion.
We communicate with the directors regarding, among other matters, the planned scope and timing of the audit and significant audit
findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide the directors with a statement that we have complied with relevant ethical requirements regarding independence, and
to communicate with them all relationships and other matters that may reasonable be thought to bear on our independence, and where
applicable, actions taken to eliminate threats or safeguards applied.
From the matters communicated with the directors, we determine those matters that were of most significance in the audit of the financial
statements of the Group and of the Company for current year and are therefore the key audit matters. We describe thesematters in auditors’
report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that
a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to
outweigh the public interest benefits of such communication.
Report on other legal and regulatory requirements
In accordance with the requirements of the Companies Act, 2016 in Malaysia, we report that the subsidiary of which we have not acted as
auditors, are disclosed in Note 17 to the financial statements.
Other matters
(a) This report is made solely to the members of the Company, as a body, in accordance with Section 266 of the Companies Act 2016 in
Malaysia and for no other purposes. We do not assume responsibility to any other person for the content of this report.
(b) The financial statements of Fima Corporation Berhad for the year ended 31 March 2019, were audited by another auditor which is
also a member of the global network of Ernst & Young firms.
Ernst & Young PLT
Najihah binti Khalid
202006000003 (LLP0022760-LCA) & AF 0039
No. 03249/10/2020 J
Chartered Accountants
Chartered Accountant
Kuala Lumpur, Malaysia
23 July 2020
Independent
Auditors’ Report
To the members of Fima Corporation Berhad
(Incorporated in Malaysia)