Annual Report 2017

96 Annual Report 2017 Independent Auditor’s Report My opinion In my opinion, the consolidated financial statements of The Stock Exchange of Thailand and its subsidiaries (the Group) and the separate financial statements of The Stock Exchange of Thailand present fairly, in all material respects, the consolidated and separate financial position of the Group and of The Stock Exchange of Thailand as at 31 December 2017, and its consolidated and separate financial performance and its consolidated and separate cash flows for the year then ended in accordance with Thai Financial Reporting Standards (TFRSs). What I have audited The consolidated financial statements of The Stock Exchange of Thailand and its subsidiaries (the Group) and the separate financial statements of The Stock Exchange of Thailand’s financial statements comprise: • the consolidated and separate statements of financial position as at 31 December 2017; • the consolidated and separate statements of comprehensive revenues and expenses for the year then ended; • the consolidated and separate statements of changes in fund balances for the year then ended; • the consolidated and separate statements of cash flows for the year then ended; and • notes to the consolidated and separate financial statements, including a summary of significant accounting policies. Basis for opinion I conducted my audit in accordance with Thai Standards on Auditing (TSAs). My responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the consolidated and separate financial statements section of my report. I am independent of the Group and The Stock Exchange of Thailand in accordance with the Federation of Accounting Professions under the Royal Patronage of his Majesty the King’s Code of Ethics for Professional Accountants together with the ethical requirements that are relevant to my audit of the financial statements, and I have fulfilled my other ethical responsibilities in accordance with these requirements. I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my opinion. Key audit matters Key audit matters are those matters that, in my professional judgment, were of most significance in my audit of the consolidated and separate financial statements of the current period. The matter was addressed in the context of my audit of the consolidated and separate financial statements as a whole, and in forming my opinion thereon, and I do not provide a separate opinion on the matter. To the Members of The Stock Exchange of Thailand