Responsibilities of the Board of Directors for Financial Report

The Board of Directors of Ratchthani Leasing Public Company Limited is responsible for the preparation, disclosure, and presentation of the Company’s financial statements including financial information shown in the Annual Report of 2016. Such financial statements were prepared according to general accepted accounting principles with thorough consideration in using appropriate, adequate and consistent accounting policies and estimation related to the financial statements to ensure that the financial reports prepared without any incorrectly significant information for the benefits to shareholders and general investors transparently.

 

The Board of Directors has appointed the Audit Committee comprising of the independent directors to review accounting policies, supervise the quality of financial statements, review the adequate of the internal control system and internal audit, including the risk management as well as considering the disclosure of connected transactions, which the opinions of the Audit Committee on such issues were shown in the Audit Committee Report in the annual report.

 

The Board of Directors has established proper and efficient control system, risk management system including internal control system of various aspects in order to rationally assure that the accounting information was correctly and completely recorded and adequate to sustain the Company’s assets as well as to prevent any frauds or irregular operation significantly.

 

The Board of Directors has viewed that the overall internal control system of the Company was at satisfactory level and able to reasonably assure that the Company’s financial statements for the year ended December 31, 2016 was reliable along with the general accepted accounting principles and conducted precisely with the related laws and regulations.

Mr. Virat Chinprapinporn

Chairman of the Board of Directors

Mr. Kovit Rongwattanasophon

Managing Director