Annual Report 2017

95 Report of the Board of Governors Relating toResponsibility for Financial Statements TheBoardof Governors is responsible for the consolidated financial statements of The Stock Exchange of Thailand (SET) and its subsidiaries and of The Stock Exchange of Thailand, including the financial information presented in this annual report. The financial statements for the year ended December 31, 2017 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 also been adequately disclosed in the notes to financial statements, so as to reflect the financial status, performance and cash flows in transparent manner, providing benefits to the public. The Board of Governors has provided and maintained the risk management system, internal control system, internal audit system including effective corporate governance to ensure that accounting records are accurate, complete and adequate to secure its assets and prevent risks, while preventing fraud or irregular operations in essence as well. 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, the review of internal control system, internal audit systemand riskmanagement system. The opinions of the Audit Committee are included in the Audit Committee Report section of this annual report. The financial statements of The Stock Exchange of Thailand (SET) and its subsidiaries and of The Stock Exchange of Thailand have been examined by an external auditor, PricewaterhouseCoopers ABAS Ltd. In conducting the audit, SET has provided supporting information and documents so that the auditor could examine and express opinions in accordance with generally accepted auditing standards. 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 adequate and appropriate, and can create confidence that the consolidated financial statements of The Stock Exchange of Thailand (SET) and its subsidiaries and of The Stock Exchange of Thailand for the year ended December 31, 2017 are reliable and in compliance with the Generally Accepted Accounting Principles and related regulations. (Mr. Chaiyawat Wibulswasdi) Chairman (Mrs. Kesara Manchusree) President