Audit findings were presented to the BAC for deliberation and where relevant, BAC requested Management to rectify the weaknesses based on recommendations provided by GIA. GIA oversees the execution of corrective actions using the Audit Management System and reports the status to BAC and Management on a quarterly basis. GIA has classified the areas of review into six (6) audit hotspots, aligning with current trends, shifts in risk landscape, and the dynamic roles of internal auditors. During FY2023, some of the focal areas reviewed encompassed: • Corporate Governance Compliance • Document Management System • HR Reskilling & Upskilling Management • Electric Vehicle Ecosystem • TNB Ways of Working Initiatives • Section 17A Malaysian Anti-Corruption Commission Act* • Health, Safety & Environment Management • Operation and Maintenance • Revenue Assurance• Electricity Supply Application • Production Management • HR Management* • Competency Development • Asset Management • Corporate Ventures & Development • Rehiring & Renewal of Contract Staff • Direct Negotiation Process • Warehouse Management • Vendor Management • Coal & Freight Procurement • Material Planning and Sourcing • Information Communication & Technology Systems • Operational Technology Security & Access Controls • Virtual Private Network • Careline World Class Contact Centre Systems • Non-Purchase Order Solutions • Cloud Management • TNB Global Captive (L) Ltd • Incentive Based Regulation • Tax Management Environment, Social & Governance (ESG) Essentials HS1 HS2 Business & Operational Excellence HS3 Supply Chain Resilience HS4 IT and Cyber Security HS6 Asset Development HS5 Managing Stakeholders • Project Management • Verification of Works Note: * Indicates thematic audits. Areas of Review Audit Hotspots (HS) EFFECTIVE AUDIT AND RISK MANAGEMENT STATEMENT ON INTERNAL AUDIT FUNCTION TENAGA NASIONAL BERHAD Integrated Annual Report 2023 174 EFFECTIVE AUDIT AND RISK MANAGEMENT PROFESSIONAL QUALIFICATION AND CONTINUOUS DEVELOPMENT GIA is committed to fostering