2. Audit committee The audit committee consists of three independent directors as follow: No.
Chairman of Audit Committee
Audit Committee is an independent organization to support, review the ﬁnancial information, and report to the shareholders and other related persons. Scope of duty and responsibility of the audit committee 1.
To review the Company’s ﬁnancial report is accuracy and adequacy.
To ensure that the Company has a suitable and efﬁcient internal control system and internal audit, the audit committee shall consider the following issue: To
strengthen the independence of the internal audit department, the audit committee shall approve any selection, promotion, rotation or termination of the department head.
ensure the independence of the internal audit department, the audit committee shall consider other factors that might impact its independent performance, including reporting and supervision processes.
To ensure that Company compliance with the securities and stock exchange laws, the Stock Exchange of Thailand’s regulations and other business laws.
To consider, select, nominate and recommend remuneration of the Company’s external auditor. The audit committee shall consider the following issues: To
ensure the independence of the external auditor. The audit committee shall consider any factors that may conﬂict with the auditor’s efﬁcient and professional operations.
freely discuss signiﬁcant matters, the audit committee shall meet privately with the external auditor once a year, without the management team being present.
To ensure that the ﬁrm complies all related rules when is a connected transaction or transaction that may lead to conﬂict of interests.
To make Audit’s Committee’s performance report which is signed by the Chairman of Audit Committee and disclosed in the Company’s annual report, its report should include the following information: (a) accurateness, completeness and credibility of the company’s ﬁnancial report. (b) adequacy of the ﬁrm’s internal control system. (c) compliance with SEC’s and SET’s laws and regulation and other laws relevant to the company’s business. (d) suitability of the external auditor. (e) transactions that may cause conﬂicts of interest. (f) the number of committee meetings and attendance of each member. (g) other concerns that have arisen as the audit committee performed its duties as deﬁned in the committee’s charter. (h) anything else which should be made available to shareholders and general investors within the scope of duties and responsibilities assigned by the Board.
To perform any other activities assigned by the Board of Directors and agreed by Audit Committee.
AREEYA AWARD WINNING ANNUAL CHIC REPORT 2010
A_2010 AREEYA PROPERTY PCL Annual Report 2010