Page 127 - annual report AUCT 2025_Eng

Business Operation and Operating Results Corporate Governance Financial Statements Attachments
Information and Communication
The Company paid attention to information technology and communication systems for the collection
of information, evaluation of information and the saving and follow up of information in order to provide
significant information, used for business decisions and management, that is accurate, sufficient, timely for
directors, executives, employee, shareholders, customers and stakeholders. The Company also stipulated
a safety policy for information technology and using data.
The Company provided a communication channel so that both external and internal recipients could
have access to the information quickly and conveniently. For example, an internet system was used as a
communication channel in order to broadcast information, policies, rules and regulations, manual and
operational procedures and Company news. It was also used to receive information about corruption
(whistle blowing) through various channels provided by the Company.
Monitoring Activities
The board of directors organized a follow up and evaluation system for all aspects of the internal
control system and risk management. For example, it was used to immediately solve problems which could
significantly affect the Company’s status and reputation in areas such as accounting and finance, operations,
laws and regulations compliance, property care and fraud. The board of directors assigned an audit
committee to monitor and review the internal audit system through an independent internal auditor and an
internal audit division. They audited and evaluated the operation results in order to ensure that any information
found in an inspection would be examined, reviewed and improved appropriately and immediately. In
regards to financial accounting internal controls, certified auditors would make assessments and proposed
the assessment results to the audit committee for regular quarterly and annual consideration. In the past
year, the assessment results from the certified auditors, and internal auditors found no significant mistakes.
Internal Audit
The Audit Committee supervised the Internal Audit Office to perform the work independently and
fairly by creating confidence and providing recommendations to the management concerning the adequacy
and efficiency of the internal control system which covers all working processes of the Company. The
Internal Audit Office shall prepare the audit results report to present to the Audit Committee regularly on
a quarterly basis and follow-up the results of improvement of deficiency suitably and continually, particularly
in material or high risks issues, including reporting abnormal incidents, such as corruption cases or
misconduct to determine the causes and guidelines to prevent reoccurrence of damages. Objectives are
to make sure that the Company’s operations have adequate, appropriate and effective internal control
บริิษััท สหการประมููล จำำากัด (มหาชน)
Union Auction Public Company Limited
127