INTERVIEW WITH CHAIRMAN, AUDIT
AND RISK MANAGEMENT COMMITTEE
3 Why are we changing auditors?
KPMG has been our auditors for more than a decade.
Having carried out its annual evaluation and review of the external auditors, the ARMC is of the
view that it is timely to seek a change in auditors.
The ARMC has considered the following factors in its evaluation (among other factors):
a) timeliness and manner of communications with the ARMC and management;
b) experience and competency of the audit team committed;
c) overall commitment of team members throughout the entire financial year of the audit
engagement; and
d) audit fees.
To ensure that the Group continues to receive quality audits, the ARMC is of the view that the
Group’s interest is best served by a proposed change in auditors. This also serves as part of
good corporate governance as it enables the Group to benefit from fresh perspectives and
further enhances the value of future audits.
17
2015/2016 ANNUAL REPORT
