Annual Report 2001/2002 Enhancing Corporate Governance Audit Committee The Audit Committee was set up in 2001 to assist the Board of Directors in fulfilling its oversight responsibilities. It reviews the adequacy of MAS’ internal controls, the scope and results of the internal and external auditors’ work and the integrity of the financial reporting process. The Committee comprises three non-executive MAS Board members, namely, Mr Lim Siong Guan, Permanent Secretary (Finance) as Chairman, Mr Chan Seng Onn, Solicitor-General, and Dr Philip N Pillai, Senior Partner (Shook Lin & Bok). The Committee met twice during the financial year, with all members present at both meetings. [Meeting the Challenges Ahead] [Toward Organisation Excellence and Effectiveness] [Corporate Resource Management Group] [Human Resource Management and Development] [Information Resources] [Information Technology Systems] [MAS IT Infrastructure] [Financial Risk Management] [Enhancing Corporate Governance] [Internal Audit] [Partnering the International Financial Community] [MAS Lecture] [30 Years of Central Banking Excellence] [Table Of Contents]