managing relevant risks under an operational risk management framework, and established additional IT risk management policies and framework for enhanced efficiency in work processes, control and systematic
. Criteria Related to Recovery Plan for Enhanced Stability and Problem-Solving The Bank of Thailand issued Notification of the BOT No. SorNorSor. 16/2561 (2018) Re: Commercial Banks Required to Prepare
. KBank has in place measures to control risks across all processes, from the stage prior to connectivity, during connectivity, and through to the process end. We have assessed the respective credibility
) contains a salient point on amendment to the Bank of Thailand’s limited authority under Financial Institution Business Act B.E. 2551 (2008) to ensure enhanced efficiency in supervising specialized financial
the audit quality control system, and closely monitored the COVID-19 pandemic situation to adjust the oversight approach and communication with stakeholders to meet the changing situation. In so doing
reporting lines are clearly defined in conformity with the good internal control principle. We also emphasize thorough, accurate and regular disclosures on risk management and capital to the public. 3 Details
last year’s which, in turn, leads to an increase in Sales Revenue. 2. Sales cost to revenue ratio decreased by 2.57% (from 91.41% to 88.84%) because the company had a better control of production costs
Prioritise Advancing the Best Interest of Clients 40 Principle 3 Make Informed Investment Decisions and Engage in Active Ongoing Monitoring of Investee Companies 42 Principle 4 Apply Enhanced Monitoring of and
as a result of enhanced effectiveness of the inventory management and the control of purchase orders at an appropriate level. 2. Liabilities As at 31 March 2018, the Company’s liabilities totaled Baht
challenging to audit due to high degree of judgment required. • Complex transactions • Complexities of auditing IT : in particular in the areas of valuation, internal control and evidence of work performed