appropriate for scope, quantity and complexity of their businesses. In addition, risk management structure and system must be equipped with mechanisms for check and balance, control, monitoring, and escalating
companies? managements arising from lack of efficiency and reliability of AIE internal control system. This subsequently caused AI auditor?s inability to express opinion on 2014 consolidated financial
relevant to its core or non-core businesses upon conditions that they have an apparent outsourcing policy, measures, criteria, and service provider control system. Outsourcing however does not discharge
deficiencies in management and internal control systems. The company’s financial statements contained items that did not exist or were misstated, and the capital maintenance report overstated liquid assets
transferred the total payment of approximately 2.95 million baht into the accounts of Mr. Niwat Maenim, Mr. Sutin Promthong and North Environment Co., Ltd. (NE). NE is deemed under control of Mr. Bhusana and Mr
source market, suffered a decrease at 2.2 percent. (Source: Tourism Authority of Thailand) 3 ASIA’S BOUTIQUE AIRLINE The number of passenger of Bangkok Airways for nine-month period of year 2019 decreased
control power to the Company Items 31 December 2016 Revenue 1,347.66 Operating expenses Operating expenses 2,587,653.58 Total Expenses 2,587,653.58 OPERATING INCOME (LOSS) (2,586,305.92) บมจ.0107537002109
Shares of Hero Experience equivalent to 32.5 percent of the registered capital of Hero Experience, which do not confer the control power to the Company - 872,370 ordinary shares in Hero Experience