As established by the GPF Board of Director, the Internal Audit department with internal control, risk management, and governance responsibilities must receive the policy guidance and formally direct report to Audit Committee. According to the Audit Committee Charter, the Audit Committee plays a key role to perform an oversight function by ensuring that the Internal Audit Department is independent and conforms the International Standards for the Professional Practice of Internal Auditing as well as Code of Ethics for internal auditing. In addition, as a government agency, the GPF is required to comply with the Ministry of Finance’s regulations on standards and guidelines of internal audit for government agencies B.E. 2561 (2018). The core objective of such regulatory framework is to enable government agencies, including the GPF, to accomplish their organization’s goals by implementing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.
The Board of Directors provides a channel available for stakeholders to file a complaint, or report the issues regarding an incident of fraud, illegal practices, financial reporting inappropriateness, or internal control breakdown or any other issues concern. This information can be submitted directly to the Chairman of the Audit Committee. The results of the investigation concerning allegations will then be presented to The Board of Directors. It is acknowledged that all information of those complainants or whistleblowers will be kept confidential and not to be disclosed to prevent any right infringement.
(Please kindly provide detail finding, witness or any supporting evidence)