Page 134 - TGIA_AnnualReport2015

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 2015.
Statement of income and expenses and statement of changes in 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
responsiblefor 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 2015
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.

(Chamaporn Rodloytuk)
Certified Public Accountant
Registration No.9211
AST Master Co., Ltd.
9 February, 2016

สมาคมประกันวินาศภัยไทย | Thai General Insurance Association 131