Controls Test Form Page 1 of 3

Controls
All investments are made in the name of the company
All documents are vetted by secretarial department
All investments are authorised by the Board
Investment register is maintained
Buying/selling is through authorised stock brokers

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E-Mail form

All investments are made in the name of the company

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Description This control is linked to the risk criteria : " Custody "
Test Plan 01. Check the name in which the investments are made
Test Results

WP Ref. Evidence Not Set Test Completed No

All documents are vetted by secretarial department

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Description This control is linked to the risk criteria : " Recording "
Test Plan 01. Check whether the documents are vetted by the Secretarial department
Test Results

WP Ref. Evidence Not Set Test Completed No

All investments are authorised by the Board

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Description This control is linked to the risk criteria " Monitoring "

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Controls Test Form Page 2 of 3

Test Plan 01. Check whether all investments are authorised by the Board and properly
recorded in the Board minutes book
Test Results

WP Ref. Evidence Not Set Test Completed No

Investment register is maintained

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Description This control is linked to the risk criteria " Custody "
Test Plan 01. Whether investment register is maintained with the following details;
· Nature and description of investments
· Certificate number and distinctive number of securities
· Name of company in which invetsment has been made
· Due date for receipt of interest or dividend
· Date on which interest or dividend actually received
· Maturity date of investment

02. Check whether recording is promptly done

Test Results

WP Ref. Evidence Not Set Test Completed No

Buying/selling is through authorised stock brokers

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Description This control is linked to the risk criteria " Monitoring "
Test Plan 01. Is the agreement of buying or selling through reputable authorised stock/share
broker
02. Check the terms and conditions of payables to such broker
03. Review the procedure of checking the contract notes with the authorised
purchase or sale of investments
Test Results

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Controls Test Form Page 3 of 3

WP Ref. Evidence Not Set Test Completed No

file://C:\Users\KRamesh\Desktop\RESOURCE\Final_Ver1_1106\PBA_Ver1_1106\I... 07-10-2008