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Auditors’ Responsibilities for the Audit of the Financial Statements (cont’d.)
As part of an audit in accordance with approved standards on auditing in Malaysia and International Standards on Auditing, we exercise
professional judgment and maintain professional skepticism throughout the audit. We also: (cont’d.)
• Evaluate the overall presentation, structure and content of the financial statements of the Group and of the Company, including the
disclosures, and whether the financial statements of the Group and of the Company represent the underlying transactions and events
in a manner that achieves fair presentation.
• Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group
to express an opinion on the financial statements of the Group. We are responsible for the direction, supervision and performance of
the group audit. We remain solely responsible for our audit opinion.
We communicate with the directors regarding, among other matters, the planned scope and timing of the audit and significant audit
findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide the directors with a statement that we have complied with relevant ethical requirements regarding independence, and
to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where
applicable, related safeguards.
From the matters communicated with the Directors, we determine those matters that were of most significance in the audit of the financial
statements of the Group and of the Company of the current year and are therefore the key audit matters. We describe these matters in
our auditors’ report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we
determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be
expected to outweigh the public interest benefits of such communication.
REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS
In accordance with the requirements of the Companies Act, 2016 in Malaysia, we report that the subsidiaries of which we have not acted
as auditors, are disclosed in Note 12 to the financial statements.
OTHER MATTERS
The financial statements of the Group and of the Company for the financial year ended 31 December 2016, were audited by another
auditor who expressed an unmodified opinion on those statements on 5 April 2017.
This report is made solely to the members of the Company, as a body, in accordance with Section 266 of the Companies Act, 2016 in
Malaysia and for no other purpose. We do not assume responsibility to any other person for the content of this report.
Ernst & Young
Ong CheeWai
AF: 0039
No. 2857/07/18(J)
Chartered Accountants
Chartered Accountant
Kuala Lumpur, Malaysia
16 April 2018
INDEPENDENT AUDITORS’ REPORT
TO THE MEMBERS OF AIRASIA BERHAD
(INCORPORATED IN MALAYSIA)
Ernst & Young
Datuk Kamarudin bin Meranun
Tan Sri Dr Anthony Francis Fernandes
Ong Chee Wai
Ernst & Young
Ong Chee Wai
How Kim Lian
[ ]
AirAsia Berhad
REPORTS AND FINANCIAL STATEMENTS
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