. Notification of the Office of the Securities and Exchange Commission No. SorChor. 24/2555 Re: Approval of Appraisal Company and Lead Appraiser Contributing [Asset Evaluation] for Capital Market Transaction
Internal Control Sufficiency Evaluation Form Concepts and Objectives Good internal control is essential for a listed company or a public company as it can help preventing, managing, mitigating risks
assessment criteria by emphasizing some factors that may affect the accuracy of the financial statements. The effective performance evaluation process will assist the personnel in improving their capabilities
inspected by the SEC bear no deficiencies in this element thank to the tool supporting the firm to perform risk assessment and the thorough independence evaluation before accepting audit engagement. The
it is carried out in accordance with the rules prescribed under the law. The management company should also adequately disclose the related facts to client when requesting for consent to execute a
of REIT manager concerning reasonableness of transaction; (c) details concerning evaluation of asset disposal of the appraiser e.g. value appraisal date, appraised value, appraisal method, name of
undertaking and details of asset appraisal Attachment 5: Unabridged policy and guidelines on corporate governance and unabridged code of business conduct prepared by the Company Attachment 6: Report of the
(THB Million) Appropriatness of Evaluation Method Appraisal Price by IFA Higher than (Lower than) the Transaction Price (percent) 1. Book Value Approach 615.45 924.90 Inappropriate (33.46) 2. Adjusted
common deficiencies found during our inspections for this TSQC1 element. Performance evaluation and remuneration of audit partners If a firm leader is striving for high audit quality, the SEC expects the
would be the only approach to make sure that only the audit engagements, for which the firms could execute with a high quality standard of work, are accepted. Assessment on the adequacy of human resources