Internal Audit

In order to implement good governance procedures, the Board of Directors has determined the Internal Audit division to report directly to the Audit Committee and to the Chief Executive Officer. Internal audit teams conduct the evaluation and improve the efficiency of internal control system, risk management system and corporate governance practices. They also support the operations in order to achieve the objectives and goals of the company and quarterly prepare the performance and audit reports including providing the key suggestions and improvements for the Audit Committee who presents to the Board of Directors for acknowledgement.

The Head of Internal Audit Department

The Audit Committee considers, approves, appoints, removes and evaluates the performance and compensation of the head of internal audit and support the head of internal audit to attend the seminars enhancing the relevant knowledge that can be benefit for the performance of internal audit. Also, the Committee sets the appropriate auditing plan to be in line with the current situations as well as the changes in related law and regulations.

In the meeting of Audit Committee, no 1/2023 on January 27, 2023, there was the meeting resolution to appoint Miss Siriporn Ninklum to be the head of internal audit and the Audit Committee’s Secretary. The Audit Committee considered that Miss Siriporn Ninklum is qualified and knowledgeable and has experiences in accounting and internal audit for more than 10 years. She understands the company’s activities and businesses and regularly receives the appropriate and sufficient internal audit-related trainings as being the head of internal audit.

In addition, the Audit Committee appointed Dharmniti Internal Aduit Company Limited as the external auditors who independently work with the company’s internal audit to perform the annual performance audit for all company’s departments approved by the Audit Committee.