Page 163 - PWA_2023_Annual_Report

Provincial Waterworks Authority Annual Report 2023 161

2.1 Audit Committee’s Report for the year ended

September 30, 2023.

PWA’s Board of Directors has appointed PWA’s Audit Committee (PWA’s AC) pursuant to Order
no. 12/2022 on November 22, 2022. PWA’s AC composed of 1) Mr. Tibordee Wattanakul as the Chairman
of PWA’s AC 2) Director - General Department of Health 3) Mr. Wisanu Tuntawiroon are committees and
4) Assistant Governor (Internal Audit Office) is secretary.
The Audit Committee held a total of eight meetings in 2023. The number of meeting attendance of
the committee members are shown below:

Name of the Audit Committee members Number of attendance/Total meeting

Mr. Tibordee Wattanakul 8/8
Suwannachai Wattanayingcharoenchai M.D. 8/8

Mr. Wisanu Tuntawiroon 8/8

PWA’s AC performed its duties in accordance with State Enterprise Policy Office (SE-PO)’s best practice
guidelines for Audit Committee on behalf of Ministry of Finance and PWA’s Audit Committee Charter that
approved by PWA’s Board of Directors. The key activities of PWA’s AC could be summarized as follows:
1. PWA’s AC held meetings with management to comment the implementation of laws and
compliance policies to add value to the organization.
2. PWA’s AC held a meeting with Director of Financial and Procurement Audit Office no.17
from State Audit Office of The Kingdom of Thailand to review of significant information for key audit matters
that relevant to financial report and procurement issues.
3. PWA’s AC reviewed material data and information in the quarterly reports and annual reports
in accordance with financial reporting standards.
4. PWA’s AC reviewed accounting information and the significant risks that may impact and the
signification risk reduction plan in addition to the significant laws that relevant to financial reporting in
addition to professional organizations and regulation agencies’ announcement.
5. PWA’s AC monitored improvement of management in accordance with Auditor’s suggestion
relevant to risk management and internal control.
6. PWA’s AC regularly reviewed AC’s Charter and Line of Assistant Governor (Internal Audit Office)’s
Charter with regard to criteria, regulation, best practice and relevant handbook in addition to approved AC’s
Development and Training Plan.
7. PWA’s AC considered and approved Line of Assistant Governor (Internal Audit Office)’s
Strategic Plan, Long-Term Audit Plan for 3 years (2024 - 2026), Audit Plan FY 2024 in addition to Line of
Assistant Governor (Internal Audit Office)’s Long-Term Human Resource Development Plan for 3 years
(2024 - 2026) and Human Resource Development Plan FY 2024.