Page 96 - Mono Technology Public Company Limited : Annual Report 2014 EN

• an opinion on the accuracy, completeness and credibility of the Companys financial reports;

• an opinion on the adequacy of the Companys internal control system;

• an opinion on the compliance with the law on securities and exchange, the regulations of SET,
or the laws relating to the Companys business;

• an opinion on the suitability of an auditor;

• an opinion on the transactions that may lead to conflicts of interest;

• the number of the Audit Committees meetings and the attendance at such meetings by
each committee member;

• an opinion or overview of comments received by the Audit Committee from its performance
of duties in accordance with the charter; and

• other reports which should be disclosed to the shareholders and general investors within the scope
of duties and responsibilities designated by the Board of Directors.

7. To review Internal Audit units operations in the following aspects :

• Consider the scope of operations, annual audit plan and budget, and performance of person-
nel to ensure that they are suitable and aligned with the scope of operations and adequate for
supporting the performance of duties of the Audit Committee;

• Consider the appointment, rotation or termination of employment of head of Internal Audit unit;

• Consider the performance report; and

• Consider the independence of Internal Audit unit.

8. To consider and review the auditing rules and procedures and ensure they always fit with business

circumstances.

9. To report the summary of the Audit Committees missions to the Board of Directors.

10. To report the Board of Directors when the Audit Committee finds or suspects any of the
following transactions or acts, which could materially affect the Companys financial position

and operating results, in order to take a corrective action within the period of time that the Audit
Committee deems fit:

• a transaction which causes conflicts of interest;

• a fraud, unusual practice or material defect in relation to the internal control system; and

• a violation of the law on securities and exchange, the SETs regulations or the laws relating to
the Companys business.

96