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30 GoodLand Group Limited
Report of the Directors
30 September 2012
8 Audit Committee (cont’d)
(e) considers the appointment or re-appointment of the external auditors andmatters relating to the resignation
or dismissal of the auditors;
(f) reviews interested person transactions (if any) and potential conficts of interest (if any) falling within the
scope of Chapter 9 of the Catalist Rules;
(g) undertakes such other reviews and projects as may be requested by the Board, and reports to the Board its
fndings from time to time on matters arising and requiring the attention of the AC;
(h) generally undertakes such other functions and duties as may be required by statute or the Catalist Rules, or
by such amendments as may be made thereto from time to time; and
(i) reviews the Group’s key fnancial risk areas, with a view to providing independent oversight on the Group’s
fnancial reporting, the outcome of such review to be disclosed in the annual reports or, where the fndings
are material, announced immediately via SGX-NET.
The AC has recommended to the directors the nomination of Moore Stephens LLP for re-appointment as
external auditors of the Group at the forthcoming Annual General Meeting of the Company.
The Audit Committee, having reviewed all non-audit services provided by the external auditors to the Group,
is satisfed that the nature and extent of such services would not affect the independence of the external
auditors.
Based on the internal controls established and maintained by the Group, work performed by the internal and
external auditors, and reviews performed by management, the Audit Committee and the Board, with the
concurrence of the Audit Committee, are of the opinion that the Group’s internal controls, addressing fnancial,
operational and compliance risks, were adequate as at 30 September 2012.
The Audit Committee convened three meetings during the year with full attendance from all members. The
Audit Committee has also met with external auditors, without the presence of the Company’s management,
at least once a year.
Further details regarding the AC are disclosed in the Corporate Governance Report.
9 Independent Auditors
Moore Stephens LLP, Public Accountants and Certifed Public Accountants, have expressed their willingness to
accept re-appointment as independent auditors.
On behalf of the Board of Directors
............................................……….
Ben Tan Chee Beng
............................................……….
Alvin Tan Chee Tiong
Singapore
27 December 2012