TUNG LOK RESTAURANTS (2000) LTD / Annual Report
2016
36
Directors’ statement
Audit and Risk Committee (cont’d)
•
Reviewed the cost effectiveness and the independence and objectivity of the external auditor
•
Reviewed the nature and extent of non-audit services provided by the external auditor
•
Recommended to the board of directors the external auditor to be nominated, approved the compensation of the
external auditor, and reviewed the scope and results of the audit
•
Reported actions and minutes of the ARC to the board of directors with such recommendations as the ARC considered
appropriate
•
Reviewed interested person transactions in accordance with the requirements of the Singapore Exchange Securities
Trading Limited’s Listing Manual
The ARC, having reviewed all non-audit services provided by the external auditor to the Group, is satisfied that the nature and
extent of such services would not affect the independence of the external auditor.
The ARC convened four meetings during the financial year and met with external auditors, without the presence of the
Company’s management, at least once a year.
Further details regarding the ARC are disclosed in the Corporate Governance Report.
Auditor
Ernst & Young LLP have expressed their willingness to accept re-appointment as auditor.
On behalf of the board of directors:
Tjioe Ka Men
Director
Tjioe Ka In
Director
Singapore
17 June 2016
