My first Publication ocbc_ar17_fullreport_english | Page 155

AUDIT COMMITTEE
The members of the Audit Committee during the financial year and at the date of this statement are:
Chua Kim Chiu, Chairman (Appointed on 22 September 2017)
Christina Hon Kwee Fong (Christina Ong)
Lai Teck Poh
Tan Ngiap Joo (Chairman until 22 September 2017)
The Audit Committee performed the functions specified in the Act, the SGX Listing Manual, the Banking (Corporate Governance)
Regulations 2005, the MAS Guidelines for Corporate Governance and the Code of Corporate Governance 2012. In performing these
functions, the Audit Committee met with the Bank’s external and internal auditors, and reviewed the audit plans, the internal audit
programme, as well as the results of the auditors’ examination and their evaluation of the system of internal controls.
The Audit Committee also reviewed the following:
(a) response of the Bank’s management and the assistance provided by officers of the Bank to the external and internal auditors;
(b) the financial statements of the Group and the Bank and the auditors’ report thereon prior to their submission to the Board of
Directors; and
(c) the independence and objectivity of the external auditors.
The Audit Committee has full access to, and the cooperation of, the management and has been given the resources required for it to
discharge its functions. It has full authority and discretion to invite any director and executive officer to attend its meetings.
The Audit Committee is satisfied with the independence and objectivity of the external auditors and has recommended to the Board
of Directors that the auditors, KPMG LLP, be nominated for re-appointment as auditors of the Bank at the forthcoming annual general
meeting of the Bank.
AUDITORS
The auditors, KPMG LLP, have indicated their willingness to accept re-appointment.
On behalf of the Board of Directors,
OOI SANG KUANG
Director
SAMUEL N. TSIEN
Director
Singapore
13 February 2018
BUILDING ON OUR CORPORATE STRATEGY FOR SUSTAINABLE GROWTH
153