Internal Audit is an Independent, Objective assurance and Consulting activity designed to add value and improve an organisation’s operations either internally or outsourced. The Internal Audit function should be independent of the activities they audit and should be performed with impartiality, proficiency and due professional care.

Under the Code of Corporate Governance, it is stated that Government-Linked Companies (GLCs) need to have its own Internal Audit Committee to maintain good systems of Internal controls to manage the risks the company faces.

Corporate Governance is the process and structure used to direct and manage the business and affairs of the company towards enhancing business prosperity and corporate accountability with the ultimate objective of realising long-term shareholder value, whilst taking into account the interests of other stakeholders.