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Form 56-1 One Report 2022

Attachment 6 Report of the Audit Committee

Performance Report of the Audit Committee for 2022
The Audit Committee of Bangkok Commercial Asset Management Public Company Limited has been appointed
by the resolution of the Board of Directors’ meeting. The Audit Committee is composed of four independent directors,
who are experts from multiple fields and have sufficient knowledge and experience to perform the duty of reviewing
the reliability of the Company’s financial statements. The Committee members comprise Mr. Vasant Thienhom as the
Chairman, and Mr. Yos Kimsawatde, Mrs. Maneerat Srisaovajati, and Mr. Songpol Chevapanyaroj as the members. In
performing their duties, the Audit Committee held a total of 16 meetings, as follows:
Meeting Attendance
1. Mr. Vasant Thienhom Chairman of the Audit Committee 16/16
2. Mrs. Maneerat Srisaovajati Member of the Audit Committee 16/16
3. Mr. Yos Kimsawatde Member of the Audit Committee 15/16
4. Mr. Songpol Chevapanyaroj Member of the Audit Committee 15/16
Vice President of Internal Audit Department serves as the Secretary to the Audit Committee.

In 2022, the Audit Committee performed the tasks entrusted by the Board of Directors and adhered to the Audit
Committee Charter in their operation. At those meetings, the Audit Committee discussed with the Company’s management,
internal auditors, and the external auditor on relevant matters and reported the results of its operation to the Board
of Directors on a quarterly basis. Highlights of the Audit Committee’s performance are as follows:

1. Review of financial reports
The Audit Committee reviewed the Company’s quarterly, semi-annual and annual financial reports duly
audited or reviewed by the auditor, considered the auditor’s opinion on the financial reports, the accounting policies
and significant estimates, the disclosure of information supporting financial statements, the compliance with financial
reporting standards, and the analysis of key financial ratios in order to ensure that the Company’s financial reports are prepared
correctly, completely and reliably, as well as in compliance with the generally accepted accounting principles.

Moreover, the Audit Committee also held meetings with the auditor, without the management’s presence,
to discuss important matters for the preparation of the financial reports, the internal control system, and any problems
and obstacles in their operation for further improvement and rectification, such as book recording in accordance with
the TFRS 9 and selection of the auditor. The Audit Committee also considered and recommended the annual appointment
of the Company’s auditor.

2. Review of the efficiency and effectiveness of the internal control system and the governance, risk
management, and compliance (GRC) system
The Audit Committee reviewed the Company’s annual internal control assessment and the audit report
on the Company’s management and operation processes, and followed up on the progress of corrective actions.