Annual Report 2012
In 2012, the Audit Committee had considered hiring a consultant company, ,1.(ǰ1IPPNDIBJǰ#VTJOFTTǰ"EWJTPSZǰ-UE ǰ UPǰKPJOǰUIFǰJOUFSOBMǰBVEJUJOHǰPQFSBUJPOǰBTǰ BEWJTPSǰPGǰXJUIǰUIFǰ"VEJUǰ%FQBSUNFOUĴTǰ TUBGGTǰJOǰPSEFSǰUPǰQSPWJEFǰBOEǰFYDIBOHFǰ FYQFSJFODFǰGPSǰCFUUFSǰFGųDJFODZǰPGǰUIFǰ HSPVQǰPGǰDPNQBOJFTĴǰJOUFSOBMǰBVEJUJOH ǰ 5IFǰųOEJOHTǰGSPNǰUIFǰBVEJUJOHǰXPVMEǰ continuously increase the value to the Company. The Audit Committee had considered BQQSPWBMǰPGǰUIFǰSFWJTJPOǰPGǰUIFǰNBOVBMǰ BOEǰUIFǰ$IBSUFSǰPGǰUIFǰ*OUFSOBMǰ"VEJUǰ Department which aligned with the changing situation.
5. Review of the Auditors’ operation and appointment of the Auditors for the year 2013 The Audit Committee held a private meeting with the external auditors in order to ensure that the external auditors are independent and OFVUSBMǰJOǰQFSGPSNBODFǰPGǰEVUJFTǰBOEǰ understand the internal audit plans BOEǰTDPQFǰPGǰXPSLǰPGǰUIFǰBVEJUPS 8JUIǰSFHBSEǰUPǰUIFǰBQQPJOUNFOUǰPGǰ BVEJUPSTǰGPSǰUIFǰZFBSǰ ǰUIFǰ"VEJUǰ Committee has acknowledged the BTTFTTNFOUǰSFTVMUTǰPGǰUIFǰBVEJUPSTĴǰ QFSGPSNBODFǰPGǰUIFǰQSFTFOU ǰOBNFMZǰ
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6. Self-assessment of the Audit Committee and Review of the charter and manual of Audit Committee 5IFǰ "VEJUǰ $PNNJUUFFǰ IBEǰ QFSGPSNFEǰ TFMG BTTFTTNFOUǰ PGǰ UIFǰ XIPMFǰ DPNNJUUFFǰBOEǰQFSGPSNFEǰDSPTTǰJOEJWJEVBMǰBTTFTTNFOUǰXIJDIǰGPMMPXFEǰ UIFǰ(PPEǰ$PSQPSBUFǰ(PWFSOBODFǰBOEǰPGǰXIJDIǰUIFǰSFTVMUTǰXFSFǰSFQPSUFEǰ UPǰUIFǰ#PBSEǰPGǰ%JSFDUPSTǰGPSǰDPOTJEFSBUJPO ǰ)PXFWFS ǰUIFǰTFMG BTTFTTNFOUǰ SFTVMUǰXBTǰEFFNFEǰUPǰCFǰWFSZǰFYDFMMFOU ǰ.PSFPWFS ǰUIFǰ"VEJUǰ$PNNJUUFFǰ SFWJFXFEǰUIFǰ$IBSUFSǰBOEǰUIFǰ"VEJUǰ$PNNJUUFFǰ.BOVBMǰUPǰDPNQMZǰXJUIǰ changing circumstances to ensure that the operation in the past year DPNQMFUFMZǰQFSGPSNFEǰBTǰBTTJHOFEǰBOEǰDPNQMJBODFǰXJUIǰUIFǰ#FTUǰ1SBDUJDFǰ HVJEFMJOFTǰPGǰUIFǰ4UPDLǰ&YDIBOHFǰPGǰ5IBJMBOEǰ 4&5 ǰ5IJTǰXJMMǰCFǰQSPQPTFEǰ UPǰUIFǰ#PBSEǰPGǰ%JSFDUPSTĴǰ.FFUJOHǰGPSǰBQQSPWBM *OǰTVNNBSZ ǰUIFǰ"VEJUǰ$PNNJUUFFǰIBEǰDPNQMFUFMZǰQFSGPSNFEǰJUTǰEVUZǰBTǰ stipulated in the Audit Committee Charter, which have been approved CZǰUIFǰ#PBSEǰPGǰ%JSFDUPSTǰBOEǰDPNQMZǰXJUIǰUIFǰ4FDVSJUJFTǰBOEǰ&YDIBOHFǰ $PNNJTTJPOǰ 4&$ ǰBOEǰUIFǰ4UPDLǰ&YDIBOHFǰPGǰ5IBJMBOEǰ 4&5 ǰXIJDIǰUIJTǰ XBTǰDPOTJTUFOUǰXJUIǰUIFǰPQJOJPOǰPGǰUIFǰBVEJUPSǰPGǰUIFǰDPNQBOZǰSFQPSUFEǰ UIBUǰ ųOBODJBMǰ TUBUFNFOUTǰ PGǰ UIFǰ $PNQBOZǰ QSFTFOUFEǰ BDDVSBDZ ǰ JOǰ BMMǰ material respects, in accordance with the general accepted accounting TUBOEBSETǰPGǰ5IBJMBOE ǰ.PSFPWFS ǰUIFǰDPNQBOZǰIBTǰTFUǰVQǰBǰTZTUFNǰPGǰ JOUFSOBMǰDPOUSPMTǰBOEǰJOUFSOBMǰBVEJUJOHǰXFSFǰBQQSPQSJBUFǰBOEǰFGGFDUJWF ǰ 5IFǰPQFSBUJPOǰUISPVHIPVUǰUIFǰZFBSǰ ǰTIPXFEǰOPǰTJHOJųDBOUǰųOEJOHTǰ PGǰUIFǰOPO DPNQMJBODFǰUPǰUIFǰSFHVMBUJPOT ǰPCMJHBUJPOT ǰBOEǰSFMBUFEǰMBXT ǰ There were operational improvements to be consistent and appropriate to the current business environment.
Mr. Thairatana Jotikabhukkana, Chairman of the Audit Committee