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Auditor General of Thailand’s knowledge obtained in the level of assurance, but is not a guarantee that an audit
audit, or otherwise appears to be materially misstated. conducted in accordance with TSAs will always detect a
When the Offce of the Auditor General of Thailand material misstatement when it exists. Misstatements can
reads the annual report, if the Offce of the Auditor arise from fraud or error and are considered material

General of Thailand concludes that there is a material if, individually or in the aggregate, they could reasonably
misstatement therein, the Offce of the Auditor General be expected to infuence the economic decisions of
of Thailand is required to communicate the matter to users taken on the basis of these consolidated and
those charged with governance. separate fnancial statements.
As part of an audit in accordance with TSAs,
Responsibilities of Management and Those Charged the Offce of the Auditor General of Thailand exercises

with Governance for the Consolidated and Separate professional judgment and maintain professional
Financial Statements skepticism throughout the audit, including :
The management is responsible for the Identifes and assesses the risks of material
preparation and fair presentation of the consolidated misstatement of the consolidated and separate fnancial
and separate fnancial statements in accordance with statements, whether due to fraud or error, designs

TFRSs, and for such internal control as the management and performs audit procedures responsive to those
determines is necessary to enable the preparation of risks, and obtains audit evidence that is suffcient and
consolidated and separate fnancial statements that appropriate to provide a basis for the Offce of the Auditor
are free from material misstatement, whether due to General of Thailand’s opinion. The risk of not detecting a
fraud or error. material misstatement resulting from fraud is higher than
In preparing the consolidated and separate for one resulting from error, as fraud may involve collusion,
fnancial statements, the management is responsible forgery, intentional omissions, misrepresentations,

for assessing the Group’s and the Company’s ability or the override of internal control.
to continue as a going concern, disclosing, and using Obtains an understanding of internal control
the going concern basis of accounting unless the relevant to the audit in order to design audit procedures
management either intends to liquidate the Group and that are appropriate in the circumstances, but not for the
the Company or to cease operations, or has no realistic purpose of expressing an opinion on the effectiveness

alternative but to do so. of the Group’s and the Company’s internal control.
Those charged with governance are responsible Evaluates the appropriateness of accounting
for overseeing the Group’s and the Company’s fnancial policies used and the reasonableness of accounting
reporting process. estimates and related disclosures made by the
management.
Auditor’s Responsibilities for the Audit of the Consolidated Concludes on the appropriateness of the

and Separate Financial Statements management’s use of the going concern basis of
The Offce of the Auditor General of Thailand’s accounting and, based on the audit evidence obtained,
objectives are to obtain reasonable assurance about whether a material uncertainty exists related to events
whether the consolidated and separate fnancial or conditions that may cast signifcant doubt on the
statements as a whole are free from material misstatement, Group’s and the Company’s ability to continue as a

whether due to fraud or error, and to issue an auditor’s going concern. If the Offce of the Auditor General of
report that includes the Offce of the Auditor General Thailand concludes that a material uncertainty exists,
of Thailand’s opinion. Reasonable assurance is a high the Offce of the Auditor General of Thailand is required

SMART PEA 83
Annual Report 2016 Provincial Electricity Authority