ASCENDAS india trust ANNUAL REPORT 2014/15
Audit Committee (continued)
• Reviewing the independence and objectivity of the external auditor annually, including considering the nature and extent of
non-audit services performed by the external auditor;
• Meeting with the external and internal auditors, without the presence of the Management of the Trustee-Manager, at least
once annually;
• Recommending the appointment, re-appointment or removal of the external or internal auditors to the Board;
• Investigating any matters within the AC’s terms of reference, whenever it deems necessary; and
• Undertaking such other functions as may be agreed to by the AC and the Board of Directors of the Trustee-Manager.
To assess the independence of the external auditor, the AC also reviewed the non-audit services provided by the external auditor during
the financial year and the quantum of fees paid for such services. The AC is satisfied that the independence of the external auditor
was not impaired by the provision of those non-audit services. The AC has also conducted a review of interested person transactions.
The AC convened four meetings during the year, and attendances of members are listed in the Corporate Governance Report.
The AC has recommended to the Board of Directors the reappointment of Ernst & Young LLP as the independent external auditor
of the Trust at the coming annual general meeting of the Unitholders.
Auditor
Ernst & Young LLP have expressed their willingness to accept re-appointment as auditor.
For and on behalf of the Trustee-Manager,
Ascendas Property Fund Trustee Pte. Ltd.
KHIATANI MANOHAR RAMESH
SANJEEV DURJHATI PRASAD DASGUPTA
Director
Director
29 April 2015
R E P O R T O F T H E T R U S T E E - M A N A G E R
For the financial year ended 31 March 2015
