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100 Annual Report 2012
Auditor’s Report
To the Members of The Stock Exchange of Thailand
I have audited the accompanying consolidated and entity financial statements of The Stock Exchange of Thailand and
its subsidiaries and of The Stock Exchange of Thailand which comprise the consolidated and entity statements of financial
position as at 31 December 2012, and the related consolidated and entity statements of comprehensive revenues and
expenses, changes in fund balances and cash flows for the year then ended, and a summary of significant accounting policies
and other notes.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with
Thai Financial Reporting Standards, and for such internal control as management determines is necessary to enable the
preparation of financial statements that are free from material misstatement, whether due to fraud or error.
Auditor’s Responsibility
My responsibility is to express an opinion on these financial statements based on my audit. I conducted my audit in
accordance with Thai Standards on Auditing. Those standards require that I comply with ethical requirements and plan and
perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial
statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material
misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor
considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design
audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used
and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of
the financial statements.
I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my audit opinion.
Opinion
In my opinion, the consolidated and entity financial statements referred to above present fairly, in all material respects,
the consolidated and entity financial position of The Stock Exchange of Thailand and its subsidiaries and of The Stock Exchange
of Thailand as at 31 December, and its consolidated and entity results of operations and its cash flows for the year then
ended in accordance with Thai Financial Reporting Standards.
Nattaporn Phan-Udom
Certified Public Accountant (Thailand) No. 3430
PricewaterhouseCoopers ABAS Ltd.
Bangkok
20 February 2013