Internal Control and Risk Management
Internal Control
Sufficiency and Suitability of the Internal Control System
Asia Aviation has always prioritised internal control system and emphasising sufficiency and appropriateness of internal control in order for the operation of Asia Aviation to go according to the objectives, Article of Association, and applicable rules and regulations, as well as the internal audit and the check and balance system to effectively protect and look after the capital and investment of shareholders and Asia Aviation and its subsidiary's properties.
Asia Aviation and its subsidiary have stipulated levels of authority and responsibilities of Management and employees and operating regulations in writing. The Internal Audit Department has its duty to audit that the performance of all departments in the Company is accurate and in line with the regulations. The Audit Committee shall monitor the administration and operation of the Internal Audit Department in order for Asia Aviation to achieve an effective internal control and reliable financial reporting system. The Internal Audit Department shall directly submit the audit report to the Audit Committee for revision and evaluation of the internal control system of Asia Aviation and its subsidiary.
Internal Control
Risk Management Policy Statement
Thai AirAsia recognises the significance of a robust risk management framework to enhance effectiveness, efficiency, and stakeholder confidence. Thai AirAsia has established a tailored approach to achieve these objectives and a robust risk management function to integrate risk management practices into business operations and business functions.