CPL : Creative performance leather
 
 
CPL : Creative performance leather
 
 
Audit Committee’s Report
The audit committee of CPL Group Public Company Limited comprising of Chairman of the Audit Committee, Mr. Kamhtorn Vathanalaoha and audit committee member Mr.Sukho Voddhtijoti and Mr. Mongkol Laoworapong held 5 meetings during the last accounting year ending December 31, 2014. Company executives, external auditor and other concerned officers had attended all such meeting to clarify issues on the agenda of their concern such as auditing results on financial statements, internal auditing results as well as the company’s risks management.
All resolution of the meetings are summarized as follows:
  1. Annual Financial Statements
  Financial statements of the Company have been prepared in accordance with the Accounting Act B.E. 2543 and accounting standards as recommended by the Federation of Accounting Profession Under the Royal Patronage of His Majesty the King, and certified by authorities concerned. Relevant information has been sufficiently disclosed in the financial statements. Any suggestion recommended by the external auditor would be reflected in accounting records correctly and appropriately.

 

2. Internal Control System
  The Company has sufficient internal control system. Internal auditors of the company conducted internal auditing according to the plan set up annually by the Audit Committee. Internal control was evaluated by using measures from suggested by the Stock Exchange of Thailand covering organization and environment , management operating control, information system, communication and monitoring control. The evaluation results were fairly good.

 

3. Risk Management
  The Audit Committee has join with management team to know on financial risk, operational risk , business risk and external factors that are uncontrollable, So as the mitigate risks to acceptable level or to initiate remedial measures. The management team was assigned to monitor operation results as compared to price, and raw material price which have director impact on production cost of our product.
  4. Appointed the company auditor and remuneration
  The Audit Committee recommended the Board of Director to propose to the Annual General Meeting of Shareholder to appoint the Company’s Auditors from S.K. Accountant Services Co.,Ltd, as Ms. Wanraya Puttasatien CPA No. 4387, Ms. Cherdsakul Onmongkol CPA No. 7195 for the accounting year ending December 31,2015 with the remuneration amount of 520,000 baht.
Mr. Kamthon Vathanalaoha
Chairman of the Audit Committee
 
 
CPL : Creative performance leather