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Provincial Waterworks Authority Annual Report 2023 225

(Translation)
Auditor's Report

To the Board of Directors of the Provincial Waterworks Authority

Opinion
The State Audit Office has audited the financial statements of the Provincial Waterworks Authority
(PWA) comprising the financial position statements in which the equity method is applied, and the separate
financial position statements as of 30 September 2023, the comprehensive income statements in which the
equity method is applied and the separate comprehensive income statements, the changes in equity
statements in which the equity method is applied and the separate changers in equity statements,
cash flow statements in which the equity method is applied and the separate cash flow statement for the
year ended on the same date. This includes the notes to financial statements and a summary of significant
accounting policies.
In the opinion of the State Audit Office, the above financial statements expressed the financial
position of PWA as of 30 September 2023, its financial performance and cash flows for the year ended
on the same date accurately in accordance with the Thai Financial Reporting Standards.

Criteria for Expressing Opinions
The State Audit Office has performed its audit work in accordance with standards on auditing
and responsibilities of the State Audit Office as mentioned in the Auditor’s Responsibility on the financial
audit in the report of the State Audit Office, which is an independent body in accordance with standards
on the state auditing determined by the State Audit Committee and Code of Ethics for Professional
Accountants, including independence standards, determined by the Federation of Accounting Professions
(Code of Ethics for Professional Accountants) in relation to the auditing on the financial statements.
The State Audit Office also performs according to other ethical responsibilities, which are in accordance with
standards on the state auditing and the Code of Ethics for Professional Accountants. The State Audit Office
is certain that the auditing evidence is adequate and proper to use as the criteria for expressing the opinions
of the State Audit Office.

Other Information
The management is responsible for other information comprising the information in the annual report
but does not include that in the financial statements and the auditor’s report in the annual report.
The State Audit Office expects to receive an annual report after the date specified in the auditor’s report.
The opinion of the State Audit Office on financial statements does not cover other information and
the State Audit Office does not trust any other information.
The responsibility of the State Audit Office in relation to the audit of the financial statements is to
read and consider if there is any other information that has a material adverse effect on the financial
statements or on the knowledge derived from the audit of the State Audit Office or to show that the
other information has material misstatement or not.
If the State Audit Office reads the annual report and concludes that there is a material misstatement,
the State Audit Office must communicate this matter with the regulator.

Management and Regulators’ Responsibilities on the Financial Statements
The management is responsible for the preparation of these financial statements in accordance with
the Thai Financial Reporting Standards and for such internal control as the management determines as
necessary to enable the preparation of financial statements that are free from material misstatement,
whether due to fraud or error.
In preparing the financial statements, the management is responsible for assessing the business’s
ability to continue as a going concern, disclosing matters relevant to a going concern as appropriate,
and using accounting criteria for a going concern except for the management intends to terminate business
or stop operations or cannot continue the business.
The regulator is responsible for overseeing the process of preparing the financial statements of the
business.