Page 81 - KEX EXPRESS (THAILAND) PUBLIC COMPANY LIMITED : ANNUAL REPORT 2024

KEX EXPRESS (THAILAND) PUBLIC COMPANY LIMITED 81

Control Activities Internal Audit

The company has established an internal control The Audit Committee approves the appointment, Operational Highlights and Financial Summary
framework by incorporating written policies, operating removal, or transfer of the head of the Internal Audit
procedures, and both manual and automatic controls Department and supervises the Internal Audit

to manage risks and achieve business objectives. Department to ensure its independent, fair, and
The Company has a written operating workflow and ethical operation. The Head of the Internal Audit
a Table of Authority (TOA) to ensure proper separation Department reports directly to the Audit Committee.
of duties and effective checks and balances. The Internal Audit Department serves as the Secretary
of the Audit Committee and supports the Committee in
Information and Communication carrying out its assignments from the Board of
Directors fully and effectively. This structure enables the
Audit Committee to conduct thorough audits and
The Company has established appropriate internal and reviews of the Company’s activities, covering all Key Milestones
external communication channels, with a focus on aspects related to internal control and risk management.
maintaining confidentiality and ensuring effective
communication and reporting. Employees are prohibited The Internal Audit Department performs its duties
from using undisclosed information for personal benefit according to the Internal Audit Charter, which outlines
in securities trading. The Company uses various its mission, scope of operations, powers, and
communication methods, such as meetings, emails, and responsibilities. The Internal Audit Department complies Business Overview
company platforms, to keep employees informed. It also with Internal Audit Professional Standards to ensure
promotes ethical reporting through its whistleblowing that its operations are appropriate. It provides
policy to ensure confidentiality. The Company has suggestions to improve the internal control system and
accessible channels, such as a call center, website, and processes, offering impartial and independent advice
a dedicated email address for complaints.
to enhance the organization’s operations and achieve
business objectives.
Follow-up

In the area of personnel development, the Company
The company regularly reports its performance against supports the continuous training and development of Governance Structure and Practices
set targets to management and the Board of Directors internal auditors to strengthen their skills and knowledge.
to ensure that goals and objectives are achieved, and This ensures that internal audit operations align with the
operations run smoothly. Additionally, the company Company’s framework, with a focus on knowledge
conducts an annual assessment of the adequacy of the development to keep up with changes in the field and
internal control system and shares the results with ensure auditors’ skills and knowledge remain up-to-date
stakeholders. and relevant. Financial Performance

Sustainable Development