Page 182 - Anual report STi 2022_eng

Part 3

Report of the Board of Directors’ Responsibilities for Financial Statements

The Board of Directors is aware of its duties and or necessary transactions and reasonable to support the

responsibilities as Board Directors of a listed company to be Company’s normal business, including considering that the
responsible for financial statements and financial information conditions of the connected transactions are in accordance with
of the Company and its subsidiaries as of 31 December 2022 the normal trading conditions and the market price (Fair and

which presented in the Annual Report. These financial statements Arm’s Length Basis) and to oversee that there are no conflict of
have been prepared in accordance with Thai Financial Reporting interest. as well as ensuring that connected transactions comply
Standards by adopting accounting policies that are appropriate and with relevant laws. The opinions of the Audit Committee are

corresponding to the business operation, which are undertaken on expressed in the Report of the Audit Committee which has
a regular basis and careful discretion and best estimation for the been included within the Annual Report 2022.

preparation of financial statements. The Company also considers The Board of Directors is of the opinion that good corporate
and maintains adequate provisions for uncertainty items or items governance, risk management system and internal control
that may have significant effect on future operation. The company system of the Company and its subsidiaries is appropriate and

discloses sufficiently significant information in the Notes to financial able to provide reasonable assurance that the separated financial
statements in order to benefit to shareholders of the Company and statements and consolidated financial statements of Stonehenge

general investors. In this regard, an independently certified auditor, Inter Public Company limited and its subsidiaries for the year
namely EY office Limited, has provided auditing and opinions 2022 are reliable and conducted in accordance with Thai Financial
without conditions on the aforementioned financial statements. Reporting Standards as well as showing the financial status and

In the audit, the Company and subsidiaries have supported the operating results. as it should be in essence and in accordance
information and documents for the auditor to be able to audit and with generally accepted accounting principles.
express opinions in accordance with the auditing standards and

the auditor’s opinion is presented in the auditor’s report as part of
this Annual Report.

Furthermore, the Board of Directors has appointed the Mr. Jumpol Sumpaopol
Audit Committee, comprising of independent and with complete Chairman of the Board of Director

qualifications as established by the Securities and Exchange
Commission (SEC). to review the financial statements for
compliance with the Thai Financial Reporting Standards to review

the appropriateness and adequacy of internal control system,
internal auditing, and risk management system, Including

considering the entering of connected transactions that may cause
conflicts of interest whether they are normal business transactions

180 Annual Report 2022 (56-1 One Report)