for GIA and other assurance providers i.e. subsidiaries’ internal audit functions, compliance function in divisions, Health, Safety and Environment Department, and Risk Management Department, which was intended to demonstrate the organisation’s risk coverage, and help identify gaps and overlaps. Additionally, the report shows the overall governance and state of internal controls in TNB based on reviews performed by the various assurance providers. vi. Approved GIA’s Annual Audit Plan and the methodology applied in formulating a risk-based audit plan to ensure adequacy of audit scope and comprehensive coverage of the Group’s activities. The BAC also took cognisance of the resource and budgetary requirements for successful execution of the audit plan. BOARD AUDIT COMMITTEE REPORT CREATING VALUE THROUGH STRONG GOVERNANCE Sec 4 169 ii. In evaluating the suitability, objectivity, and independenceof the External Auditor, the BAC reviewed and deliberated on the following: • The overall performance and effectiveness of the External Auditor for the period from 1 January 2022 to 31 December 2022. For this purpose, a survey was coordinated by GIA and assessments on the effectiveness of the External Auditor were performed by members of BAC and Management, addressing aspects of (1) quality of service, (2) sufficiency of resources, (3) communication and interaction, and (4) independence, objectivity, and professional scepticism. • The audit fees for quarterly review of the unaudited consolidated results and annual statutory audit of TNB and its subsidiaries for Board’s approval. • The External Auditor’s Audit Plan for FY2023. • The External Auditor’s Annual Transparency Report which outlines amongst others, the legal and governance structure, as well as measures taken by the External Auditor to uphold audit quality and address risks. • Non-audit services provided by the External Auditor to TNB and the Group. The fees associated with non-audit services performed by the External Auditor were within the permissible threshold set