Page 365 - BAM ONE REPORT 2564 (ENGLISH VERSION)

Form 56-1 One Report 2021
Bangkok Commercial Asset Management Public Co., Ltd. 363

3.3 Considering the report on quality assurance review and assessment of internal audit conducted by the
consulting firm, with the result showing that the Internal Audit Department could perform the internal auditing in
accordance with the IIA Standards and providing advice so as to upgrade the internal auditing according to the best
practice.
3.4 Promoting the development of internal audit staff’s knowledge and competence through the annual personnel
development plan, encouraging the use of data analytics in the auditing, and encouraging the employees to acquire
the professional licenses in various fields of internal audit such as CPIAT, CIA, CISA, etc. in order to ensure that the Company’s
internal audit complies with the international standards and is more efficient.

4. Maintaining of the operational standard of the Audit Committee
The Audit Committee reviewed the Audit Committee Charter to ensure it is appropriate and updated and
conducted a self-assessment of the Audit Committee’s performance both as a whole and on an individual basis in
order to ensure that the Audit Committee could perform its duties efficiently and achieve the objectives specified in
the Audit Committee Charter.

The Audit Committee has performed its duties under the scope of review and corporate governance as assigned
by the Board of Directors and recognized the significance of the principles of good governance. The Audit Committee
is of the opinion that the Company has an appropriate and reliable process for preparing and disclosing the information
in its financial reports and also has sound internal control, corporate governance, and risk management systems, and
that the Company, in general, conducts its business in compliance with the laws, rules and regulations that are related
to its business operation. The Audit Committee has also provided some important opinions and recommendations in
order to further improve the efficiency of the Company’s operation.

(Mr. Vasant Thienhom)
Chairman of the Audit Committee