Page 241 - BAM ONE REPORT 2565 (ENGLISH VERSION)

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Form 56-1 One Report 2022

Independent Auditor's Report

To the Shareholders of Bangkok Commercial Asset Management Public Company Limited Key Audit Matters

Key audit matters are those matters that, in my professional judgement, were of most significance
Opinion
in my audit of the financial statements of the current year. These matters were addressed in the
I have audited the accompanying financial statements of Bangkok Commercial Asset context of my audit of the financial statements as a whole, and in forming my opinion thereon, and

Management Public Company Limited (“the Company”), which comprise the statement of I do not provide a separate opinion on these matters.
financial position as at 31 December 2022, and the related statements of comprehensive income,
I have fulfilled the responsibilities described in the Auditor’s Responsibilities for the Audit of the
changes in equity and cash flows for the year then ended, and notes to the financial statements,
Financial Statements section of my report, including in relation to these matters. Accordingly, my
including a summary of significant accounting policies.
audit included the performance of procedures designed to respond to my assessment of the risks
In my opinion, the financial statements referred to above present fairly, in all material respects, of material misstatement of the financial statements. The results of my audit procedures, including
the financial position of Bangkok Commercial Asset Management Public Company Limited as at the procedures performed to address the matters below, provide the basis for my audit opinion on

31 December 2022, and its financial performance and cash flows for the year then ended in the accompanying financial statements as a whole.
accordance with Thai Financial Reporting Standards.
Key audit matters and how audit procedures respond to each matter are described below.
Basis for Opinion
Recognition of interest income from loans purchased of receivables
I conducted my audit in accordance with Thai Standards on Auditing. My responsibilities under
The Company’s policy on recognition of interest income from loans purchased of receivables is
those standards are further described in the Auditor’s Responsibilities for the Audit of the discussed in Note 4.1 to the financial statements. The Company recognised Baht 9,779 million
Financial Statements section of my report. I am independent of the Company in accordance with
interest income from loans purchased of receivables in 2022, accounting for 77 percent of the
the Code of Ethics for Professional Accountants including Independence Standards issued by the
total income, and thus it is considered the Company’s main source of income. I addressed the
Federation of Accounting Professions (Code of Ethics for Professional Accountants) that are recognition of interest income from loans purchased of receivables as a key audit matter because
relevant to my audit of the financial statements, and I have fulfilled my other ethical
the calculation of the credit-adjusted effective interest rate used in interest recognition requires
responsibilities in accordance with the Code of Ethics for Professional Accountants. I believe that
management to exercise judgement in determining the assumptions to be used in cashflow
the audit evidence I have obtained is sufficient and appropriate to provide a basis for my opinion.
estimates and the expected life of each debtor, as well as the development of the model for each
group of debtors with similar characteristics. In addition, the recognition of interest income from

loans purchased of receivables which was generated from various transactions and a large
number of customers, is substantially dependent on data processed by information technology
systems.

เอกสาร: เปิดเผย โดย: ธเนศ กิตติชีวเวช (Thanet Kitticheewawet)

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เอกสาร: เปิดเผย โดย: ธเนศ กิตติชีวเวช (Thanet Kitticheewawet)