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Report of Board of Directors’ Responsibilities to the Financial Statements
To Shareholders,
The Board of Directors is responsible for separate nancial statements of Mono Technology Public Company Limited and consolidated nancial statements of Mono Technology Public Company Limited and subsidiaries, including nancial information presented in this annual report. The aforementioned nancial statements have been prepared in accordance with generally accepted accounting principles, with appropriate accounting policies applied on a consistent basis. Where judgment and estimates were required, these were made with careful and reasonable consideration, and adequate disclosures have been made in the notes to the nancial statements. These nancial statements have been audited by independent certi ed auditors who have given their unquali ed opinions.
The Board of Directors supports the practice of good corporate governance, risk management system and appropriate and ef cient internal controls to ensure that the Company’s nancial information is accurate and complete, thus promoting our ef cient, transparent and reliable business operation.
In this regard, the Board of Directors has appointed an Audit Committee comprising of three independent directors to be responsible for reviewing the accounting policy, nancial reports, internal controls, internal audit and risk management system. The Audit Committee has also reviewed a disclosure of related party transactions. All comments of the Audit Committee on these issues have included in the Report of the Audit Committee, which is presented in this annual report.
The separate nancial statements of the Company and the consolidated nancial statements of Company and subsidiaries for the year ended December 31, 2016 have been audited by EY Of ce Limited - an external auditor. To conduct the audits and express an opinion in accordance with generally accepted auditing standards, the auditor was provided with all of the Company’s records and related data. The auditor’s opinion is presented in the independent auditor’s report as part of this annual report.
The Board of Directors is of the opinion that the Company’s overall internal control system is adequate and appropriate and can reasonably assure the creditability of the separate nancial statements of the Company and the consolidated nancial statements of the Company and subsidiaries for the year ended December 31, 2016.
(Mr.Pete Bodharamik) Chairman
Annual Report 2016
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