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Annual Report
2015
Report of the Board of Governors
Relating to Responsibility for
Financial Statements
The Board of Governors is responsible for the consolidated
financial statements of the Stock Exchange of Thailand (SET)
and its subsidiaries including the financial information presented
in this annual report. The financial statements for the year ended
December 31, 2015 have been prepared in accordance with
Thai Generally Accepted Accounting Principles. In preparing
the financial statements, appropriate accounting policies have
been adopted and regularly adhered to, using careful discretion
and reasonable estimates. Important information has been
adequately disclosed in the notes to financial statements, so
as to be able to reflect the financial status, performance and
cash flows in transparent manner, providing benefits to public.
The Board of Governors has provided and maintained the
risk management systems, internal control system, internal audit
systems as well as effective corporate governance to ensure
that accounting records are accurate, complete and adequate
to maintain its assets and prevent risks. It can also essentially
prevent fraud or irregular operations.
To accomplish this task, the Board of Governors has
appointed an Audit Committee, consisting of independent
non-executive directors, to be responsible for the quality of
financial reports, reviewing internal control systems, internal
audit systems and risk management systems. The opinions of
the Audit Committee are stated in the Audit Committee Report
section of this annual Report.
The financial statements of the Stock Exchange of
Thailand (SET) and its subsidiaries have been examined
by an external auditor, PricewaterhouseCoopers ABAS Ltd.
To conduct the audits and express and opinion in accordance
with generally accepted auditing standards, SET provides the
auditor with all of the records and related data as requested.
The auditor’s opinion is presented in the auditor’s report as
part of this annual report.
The Board of Governors is of the opinion that the SET’s
overall internal control system is in the satisfactory level to the
reasonably build the confidence that the consolidated financial
statements of the Stock Exchange of Thailand (SET) and its
subsidiaries for the year ended December 31, 2015 are reliable
and being in compliance with the Generally Accepted Accouning
Principles and related regulations.
(Chaiyawat Wibulswasdi)
Chairman
(Kesara Manchusree)
President