Thailand Post’s Audit Committee issued orders No. 2/2546 dated 21 August 2546 and No.
32/2548 dated 4 July 2005, comprising:
- Mr. Thosaporn Sirisumphand Chairman
- Mrs. Yaovanee Nirandara Director
- Mr. Boonchai Charassangsomboon Director
- Vice President Internal Audit Office Secret
Thailand Post’s Board of Directors appointed Mrs. Soonthara Iamsuri and Assistant to
Professor Prawit Ninsuvannakul to be advisors.
The Audit Committee concentrated on the company’s good corporate governance,
responsible for duties set out by its charter, as well as guideline performance manuals
within enterprises stipulated by the Ministry of Finance. The Audit Committee is free in
offering ideas, advice in improving performances to achieve better management, internal
monitoring, and risk management to maintain the company’s efficiency and effectiveness
in future.
In 2005 The Audit Committee convened in 8 meetings with the advisors on a quarterly
basis, and in accordance with meeting’s agenda, focusing on considerations of major
issues, and concluded in recommendations and improvements submitted to the Board of
Directors for further action as follows:
- They tailor made the existing internal monitoring system to be more efficient and
effective.
The advisors were assigned to carry out a joint study with Thailand Post’s
Internal Audit
Office to adapt the company’s structure and make up of internationally
accepted monitoring
manuals.
- They initiated a human resource development scheme by instructing the advisors
to acknowledge monitoring principles and methods accepted internationally. This
was so done to increase monitoring staff’s efficiency and effectiveness.
- An invitation was sent to the Office of the General Auditor for a discussion and their
likely observations.
- They made a follow-up of policies, rules, regulations, restrictions, the cabinet’s
resolutions and relevant legislations imposed on Thailand Post.
The Audit Committee reviewed withdrawals from banks including reports on
in-and -out payment at post offices and recommended that there be more secure
financial management systems, thereby instructing that information technology
system be used. In response, Thailand Post has continuously developed its
technology information systems, with which daily financial status at post offices
could be monitored.
- They reviewed correction and reliability of monthly and quarterly financial reports
submitted for consideration by the management. The Committee invited financial,
accounting, and officials concerned to sit in judgment, wherefrom to enable
protective measures as well as encouraging risk management in accounting and
further management processes
Due to the Audit Committee’s liberal performance in 2005, Thailand Post has
efficiency and effectiveness improved its management, corresponding to the generally
accepted internal audit principles.
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