The Office of the Auditor General has audited the accompanying balance sheets of
Thailand Post as of December 31, 2005 and 2004 and the related statements of income,
changes in shareholder’s equity and cash flows for the years then ended. These financial
statements are the responsibility of the management of Thailand Post as to their accuracy
and completeness of the presentation. Our responsibility is to express an opinion on these
financial statements based on our audits.
The Office of the Auditor General performed the audits in accordance with auditing
standards generally accepted in the Kingdom of Thailand. Those standards require that
we plan and perform the audit to obtain reasonable assurance about whether the financial
statements are free from material misstatement. An audit includes examining, on a test
basis, evidence supporting the amounts and disclosures in the financial statements. An
audit also includes assessing the accounting principles used and significant estimates
made by the management, as well as evaluating the overall financial statement
presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the above-stated financial statements present fairly, in all material respects,
the financial position of Thailand Post as of December 31, 2005 and 2004, and the results
of their operations, changes in shareholder’s equity and cash flows
for the years then ended in conformity with generally accepted accounting principles.
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