Page 217 - BAM ONE REPORT 2565 (ENGLISH VERSION)

211

Form 56-1 One Report 2022

Internal Control

5

4
(Monitoring Activities)
3
(Information
2 & Communication)

(Control Activites)
1
(Risk Assessment)

(Control Environment)

The Company supervises its internal control under transparency. Also, they must be well aware that a good
the internal control framework specified by COSO (the internal control system is a vital factor that enables the
Committee of Sponsoring Organizations of the Treadway Company to sustainably operate its business and achieve
Commission), and evaluates the sufficiency of its internal the established objectives in terms of operational efficiency
control system, using the internal control sufficiency and effectiveness, financial reporting reliability, and applicable
evaluation form developed by the Office of the Securities laws and regulations compliance. The overview of the
and Exchange Commission (SEC). Company’s performance in this regard is as follows:
1.1 Determination of annual goals and operation
COSO’s internal control framework includes five key plans of the Company and each department
components: (1) control environment, (2) risk assessment, as guidelines for devising operational strategies
(3) control activities, (4) information and communication, of the executives and performing duties of
and (5) monitoring activities. The Company’s internal employees in order to push the Company
control activities, under each of the aforementioned forward to achieve the established vision and
components, are as follows: missions.
1.2 Determinatio o the Com organizational
1. Control Environment structure policie an organization-level and
The Company is determined to promote among overall operation procedures, while making
all of its departments an awareness of the importance of employees recognize and cultivate a good
internal control system management, by creating an sense of completing the tasks under their
efficient and effective control environment where all responsibility.
employees must uphold righteousness, fairness and