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TEHO INTERNATIONAL INC LTD.
Annual Report 2016
DIRECTORS’
STATEMENT
The audit committee performs the functions specified by section 201B(5) of the Act. Among
other functions, it performed the following:
•
Reviewed with the independent external auditors their audit plan;
•
Reviewed with the independent external auditors their evaluation of the Company’s
internal accounting controls relevant to their statutory audit, and their report on the
financial statements and the assistance given by management to them;
•
Reviewed with the internal auditors the scope and results of the internal audit
procedures (including those relating to financial, operational, compliance and
information technology controls and risk management) and the assistance given by
the management to the internal auditors;
•
Reviewed the financial statements of the Group and the Company prior to their
submission to the directors of the Company for adoptions; and
•
Reviewed the interested person transactions (as defined in Chapter 9 of the Singapore
Exchange Securities Trading Limited’s Listing Manual).
Other functions performed by the audit committee are described in the statement on
corporate governance included in the annual report. It also includes an explanation of how
independent auditors’ objectivity and independence are safeguardedwhere the independent
auditors provide non-audit services.
The audit committee is satisfied with the independence and objectivity of the external
auditors and has recommended to the board of directors that the auditors, KPMG LLP, be
nominated for re-appointment as auditors at the forthcoming Annual General Meeting of
the Company.
In appointing our auditors for the Company and subsidiaries, we have complied with Rules
712 and 715 of the SGX Listing Manual.
AUDITORS
The auditors, KPMG LLP, have indicated their willingness to accept re-appointment.
On behalf of the Board of Directors
Lim See Hoe
Director
Lim Siew Cheng
Director
29 September 2016
