Page 127 - TGIA_AnnualReport2013

Report of Independent Auditor

(Translation Only)

To The Board of Directors and Member Companies of Thai General Insurance Association

I have audited the balance sheets that comprise the financial statements as at 31 December 2013.
The income is higher than the expenses and accumulated fund of the year that ended on the same date, including
the note, summarizing key accounting policies and other notes.

Responsibility of the Association’s management
The Association’s management is responsible for the preparation and presentation in these financial
statements according to the standard of financial statement of Non-Public Accountable Entities and is responsible
for internal control, deemed necessary for the preparation of the financial statement by the management without
presenting information that is not true, either as a result of fraud or an error.

Responsibility of the Auditor
My responsibility is to express an opinion on these financial statements based on my audits. I conducted my
audits in accordance with generally accepted auditing standards. Those standards require that I plan and perform
an audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.

An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the
financial statements. The chosen audit method is based on the discretion of the auditor which includes risk
assessment of the presentation of information that is not true, either as a result of a fraud or an error. In such risk
assessment, the auditor considered the internal control system, related to the preparation and presentation of the
financial statement which is correct according to the operation in order to design auditing method that was suitable
for the situation but not for the purpose of expressing an opinion on the efficiency of internal control system of the
operation. An audit also includes assessing the suitability of an accounting policies, used by the management and
the validity of accounting estimation, prepare by the management as well as evaluating the overall financial
statement presentation.

I believe that my audits provide a reasonable basis for my opinion.

Opinion
In my opinion, the financial statements referred to above present financial status as at 31 December 2013
and the performance of the year, ended on the same date of Thai General Insurance Association correctly in
accordance with the accounting standard of the Non-Public Accountable Entities.

(Vichai Jaturanoonda)
Certified Public Accountant
Registration No.1431

AST Master Co., Ltd.
11 February, 2013

สมาคมประกันวินาศภัยไทย | Thai General Insurance Association 125