ENERGY TRANSFORMATION FOR FUTURE
internal control system by means of electronics which is suitable and adequate for risk mitigation. The Audit Committee also reviewed and approved the annual audit plan of the Internal Audit Unit, review the audit reports of the Company and its subsidiaries, constantly consider important matters and follow up on their improvement, as well as consider and approve the budget and appropriateness of workforce of the Internal Audit Unit. 4. To consider on appointment of the auditor and auditing fee for 2018: The Audit Committee has considered on the appointment of the auditor for 2018 based on experiences, knowledge, expertise, independence and quality of past year performance as well as reasonable auditing fees. After that, this matter shall be proposed to the Board of Directors for consideration and approval before proposing to the 2018 Annual General Meeting of Shareholders for further consideration and approval. In conclusion, the Audit Committee has performed duties and responsibilities as per specified in the Audit Committee Charter which has been approved by the Board of Directors by applying adequate knowledge, capability, carefulness and independence for the equitable benefits of the stakeholders. The Audit Committee is of opinion that the Company’s report on financial information is accurate, reliable and corresponding to the generally accepted accounting standards. In addition, the Company has suitable and efficient internal control and has performed the works pursuant to the governance principles as well as the laws, regulations and obligations relevant to the Company’s business operations.
On behalf of the Audit Committee,
(Assoc. Prof. Dr. Aekkachai Nittayakasetwat) Chairman of the Audit Committee
Annual Report 2017 UAC Global Public Company Limited
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