statements are presented is of a country that has experienced hyperinflation, the existence of such inflation, a five year history of the annual rate of inflation and a discussion of the impact of

and Sloan (2002) and Kinney et al. (2002) suggest that firms slightly missing analyst consensus earnings expectations have experienced decreases in stock prices. 2 Francis et al. (2003) have categorized

of Accounting Professions (“FAP”) will jointly facilitate and accelerate the remediation of the deficiencies found by providing a group of experienced consultants to guide the audit firms and the

Regulatory framework Since the 2005 ROSC, Thailand has experienced key changes to the legal and regulatory framework for corporate governance. This includes major additions to the SEA, a new banking act and

experienced some volatility due to changes in interest rates and the slowdown in the world economy following the terrorist attack in the U.S., the public sector was able to continue to issue bonds in accordance

Capital Market Supervisory Board relating to the offering of infrastructure trust units which will be proportionately paid to other unit holders. (2) restrict the voting right of the following unit holders

available to pay debt securities holders; b. provision requiring the issuer to maintain certain financial ratios; c. provision that restrict the issuer from creating additional debt under certain conditions

may restrict the import or export of capital, or affect the issuer’s ability to make payment to non-resident holders, they shall be disclosed in the registration statement. D. Statement by Experts If

rights of each shareholders to 1 share per 1 voting right; (6) the amendment of the Articles of Association of JKR to restrict the share transfer or create any encumbrance over JKR shares unless a prior

compliance with the rules or conditions; (2) an applicant is subject to restrictions under other laws, which restrict it from compliance with the rules or conditions to be waived; (3) the applicant has