KPJ Healthcare Berhad

A leader in Malaysia's challenging healthcare services industry
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Board Responsibility
____ The primary responsibility of the Board is to ensure the adequacy and integrity of the Group's internal controls system which cover financial, operational and compliance controls management. The principal objective of the internal controls system is to manage business risks effectively, enhance the value of shareholder's investments and safeguards assets of the Group. The role of Managing Director and Management is to assist in the design and implementation of the Board's policies on internal control system.

Since internal controls are designed to manage and reduce risks rather than eliminate them, therefore such internal controls can provide only reasonable assurance to Management and the Board of Directors regarding the achievement of company objectives through:-
  • Effectiveness and efficiency of operations
  • Reliability of financial reporting
  • Compliance with applicable laws and regulations

The Board still relies on the COSO Internal Control Framework to ensure an appropriate and sound system of internal controls, which encompasses five interrelated components i.e. the Control Environment, Risk Assessment Framework, Control Activities, Information and Communication and Continuous Monitoring process.