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Annual Report 2013 LifeBrandz Ltd
Director’s report
Audit Committee
The Audit Committee carried out its functions in accordance with Section 201B(5) of the Singapore Companies Act, Cap. 50,
which includes the following:
(i) reviews with the external auditors their audit plans and results of the audit;
(ii) reviews the draft fnancial statements of the Company and the Group in conjunction with the external auditors’ comments
thereon prior to their submission to the Board of Directors;
(iii) reviews the reports of the internal auditor;
(iv) reviews the internal control procedures of the Company;
(v) reviews interested person transactions in accordance with the requirements of the Singapore Exchange Securities
Trading Limited (“SGX-ST”)’s Listing Manual;
(vi) reviews the external auditors’ management letter and the response from management; and
(vii) carries out special purpose projects to assist management in performing evaluation and decision making.
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.
To carry out its functions, the Audit Committee reports regularly to the Board of Directors and interacts with the internal and
external auditors and senior management staff. It also meets with the internal and external auditors without the presence of
management staff at least once a year.
Further details regarding the Audit Committee are disclosed in the Report of Corporate Governance as set out in the Annual
Report of the Company.
Auditor
Ernst & Young LLP have expressed their willingness to accept re-appointment as auditor.
On behalf of the board of directors,
Lim Miang Bernard
Director
Chong Sien Chern Cedric
Director
Singapore
29 October 2013