Page 206 - annual report AUCT 2025_Eng

Business Operation and Operating Results Corporate Governance Financial Statements Attachments
Attachments 6
Report of the Audit Committee
The Audit Committee consists of 4 independent directors who are Assoc. Prof. Dr. Sauwanee
Thairungroj as Chairman, Mrs. Wilaiwan Srisamrual, Dr. Theerathon Tharachai, and Mr. Somyod
Suteerapornchai. The Audi Committee have performed duties independently as per assigned by the Board
of Directors and according to scope of duties and responsibilities of the Audit Committee. In 2025, the
Audit Committee held 4 meetings and directors attended all 4 meetings. A summary of the operational
work is as follows:
1. The Financial Reports: The Audit Committee has reviewed the important information of the
Company’s quarterly and annual financial statements together with the executives, the internal auditors,
and auditors, including to KEY AUDIT MATTERS in the auditor report. By evaluating and testing the
Company’s information system and internal control system, considering impacts from changes in the
financial reporting standards to make sure that the financial reports are correctly and credibly prepared for
benefits of the users of the financial statements. In addition, the Audit Committee has attended the meeting
with the external auditor without participation of the management to discuss about material information
and internal control system relevant to the preparation of accounting and financial report. Results found
that the external auditor received good cooperation from the management, has independency on performing
the works.
2. Connected Transactions or Conflicts of Interest Transactions: The Audit Committee has
reviewed the connected transactions or transactions which may have conflicts of interest of the Company
by adhering to the principles of reasonableness, transparency, and adequate disclosure of information in
compliance with the laws and regulations of the Stock Exchange of Thailand.
3. The Internal Control Systems and the Internal Audit: The Audit Committee considered and
approved the annual audit plan and considered independence of internal audit operations and reviewed
the Company’s internal control system pursuant to the practices of the Securities and Exchange Commission.
According to the audit findings of the Internal Audit Office and the external auditor, no issue or weakness
which may significantly affect the Company was found. The management continually improved and rectified
issues as per recommended by the Audit Committee, the external auditor and the Internal Audit Office
which signified that the Company placed importance to its internal control, and it could be confident that
the Company has adequate internal control.
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Annual Registration Statement / Annual Report 2025
(Form 56-1 One Report)