Audit Committee





The PTT’s Audit Committee has function, responsibilities and accountability to the Board as follows; • To review and ensure the appropriation and effectiveness of the Internal Control system and Internal Audit system and consider appropriate budget, personals and independency of Internal Audit unit and the relevant units. • To review and ensure the appropriation and accuracy of PTT financial report. • To review and consider the Connected Transactions and the conflict of interest related issues in compliance with the laws and the Stock Exchange’s regulations. • To review the compliance to the Securities Law, the Stock Exchange’s regulations, policy, rules, ordinances, the Articles, the Cabinet Resolutions and the relevant laws. • To embrace and conform to the business ethics conduct by initiate and oversee the complaining systems in management. •To consider, nominate, appoint and purpose remuneration for PTT’s external auditor. • To ensure accuracy and completion of the Connected Transaction and conflict of interest issues disclosures. • To review and update PTT’s risk management. • To review accuracy and productiveness of information technology relevant to the financial report and internal control. • To develop the financial report system to meet international accountancy standard. • To review and considerably investigate significant impacts and conflict of interest on PTT’s business. • To prepare the annual report as prescribed in the regulations. • The Audit Committee is authorized to retain services of or invite (with reasonable compensation) any independent consultant or expert. The costs and expenses of such services or invitations shall be on PTT’s account. • Either the Chairman or a member of the Audit Committee must attend the PTT annual general shareholder meeting. • To attend a non-management meeting with an auditor at least once a year. • To hold at least one official meeting with executives annually. • To review Audit Committee Charter annually. • To comply any designated tasks from PTT Board of Directors under duties and responsibilities of the Audit Committee. As found in PTT Public Company Limited’s ordinance on criterions and procedures of the Audit Committee, B.E. 2011.