The Company has a policy on internal control and internal audit as well as measures on the control and supervision of all aspects of work operations. The Audit Committee shall oversee the suitability and efficiency of the internal control provided by the Management including the control over the aspect of finance and work operations, supervising duty performances, checking the law abiding and compliance controls.
Such internal control policy covers the compliances with various rules and policies, reliable accounting entry by adhering the following principles:
- All items had been made are approved by the Executives and/or persons with specific authority.
- All items entered into the accounts are correct items in accordance with generally accepted accounting standard.
- To access to various assets must be approved by the Executives and/or person having specific authority.
- Item entries are made on the actual properties and relevant appraisal made on the actual condition.
The Internal Audit has usually report all of internal audit evaluation directly to the Audit Committee. This shall present that the internal auditors have freely audit and evaluate the company's performance according to the international internal audit standards.
