the purpose and mission of the company; (2) having internal control system which is approved by high-level management. In this case, such system shall; (a) generate good control environment; (b) assess
firm considers as high risk? Please describe the relevant responses to these risks 2 Does the firm consider all ethical requirements outlined in the Code of Ethics during the risk assessment process for
base on a specific percentage of each level of the net credit balance after deduction of the present value of the collateral, and the NPL amount, which carries a high risk of being uncollectible
.................................................................................................07 Summary of Audit Inspection Results A. Firm-Level...........................................................................................................10 B. Engagement-Level
conditions. Specifically, CSR of firms with high customer awareness, as proxied by advertising expenses, is positively related to firm value. 6 However, the relation is either negative or insignificant for
Consider and beware of firm’s ethics and professional skepticism in context of being “business advisers” 3 How does the firm prevent undue influence being exercised where significant level of non-audit
board should apply high ethical standards. This should be supported by a code of ethics that is disclosed by the company. Independent board members should review and oversee decisions on matters likely
Enhancing Financial Reporting Quality Summary of Audit Inspection Results A. Firm-Level B. Engagement-Level Root Cause Analysis Framework and Focuses in 2021 Essential Statistics Auditing Landscape in
market Moderate to high exposure to the capital market Low to moderate exposure to the capital market Low exposure to the capital market Figure 1: The firm-level inspection results, categorized by risk
Reporting Standards 9 – Financial Instruments Thai Financial Reporting Standards 16 – Leases Training sessions to prepare directors, high-level executives, and auditors for the Personal Data Protection Act