Page 132 - Anual report STi 2022_eng

Scope of Authorities, Duties, and Responsibilities
of the Audit Committee
(1) Ensure that the Company has an effective process
for establishing and disclosing information in the
Company's financial reports accurately, completely,
adequately, reliably, and timely by coordinating
with auditors and executives that are responsible for
preparing quarterly and annual financial reports.
(2) Consider, select, propose, appoint, and terminate
the employment of independent persons to act as
the Company's auditors, including considering (7) Consider if related transactions or transactions with
and proposing the auditor's remuneration, taking
into account reliability, resource sufficiency and the
amount of audit work of the auditing office, the
experience of personnel assigned to audit the
Company's accounts, including attending a meeting
with the auditor without the management at least
1 time a year. (8) Report the performance of the Audit Committee to
(3) Ensure that the Company has the appropriate and
effective internal control and internal audit system.
(4) Consider the independence of the internal audit (9) Prepare the Audit Committee's report to be disclosed
department or an internal audit company as well as
to approve the appointment, transfer, and termination
of the head of the internal audit unit or any other
department responsible for internal auditing,
including evaluating the performance of the staff
of the internal audit department or an internal audit
company. Approve the internal audit plan of the
Company and its subsidiaries according to generally
accepted methods and standards, and monitor the
operations of the internal audit unit, or may suggest
reviewing or examining any items that are deemed
necessary and important. Also, submit suggestions
on significant and necessary improvements to the
internal control system to the Board of Directors by
reviewing with external auditors and the system audit
section manager.
(5) Review the risk management of the Company and
its subsidiaries from reports of the Risk Management
Committee to ensure that the process is effective
and suitable, and that the process is being followed
and adjusted according to the situations and the
130 Annual Report 2022 (56-1 One Report)
change in the business environment. Consistently
determine the short and long term risk management
policies.
(6) Review the compliance with the Securities and
Exchange Act, or requirements of the Stock
Exchange of Thailand, policies, articles, rules,
regulations, and relevant laws related to the
Company’s business.
conflicts of interest conform with laws and regulations
of the Stock Exchange of Thailand, including
disclosure of Company’s information in such matters
to be accurate and complete in order to ensure that
these transactions are reasonable and in the best
interest for the Company.
the Board of Directors for acknowledgement at least
4 times a year.
in the Company's annual report. The report must
be signed by the Chairman of the Audit Committee
and must contain at least the following information:
(9.1) Opinions on the accuracy, completeness, and
reliability of the Company's financial reports
(9.2) Opinions on the sufficiency of the Company's
internal control system.
(9.3) Opinions on compliance with the Securities
and Exchange Act, regulations of the SET, or
laws related to the Company's business
(9.4) Opinions on the suitability of the auditor.
(9.5) Opinions of related transactions or transactions
that may have conflicts of interest
(9.6) Opinions on the risk management system of
the Company and its subsidiaries
(9.7) Number of Audit Committee Meetings and the
attendance of each Audit Committee member.
(9.8) Other items that shareholders and general
investors should be aware of fall under the
scope of duties and responsibilities assigned
by the Board of Directors.