, returns and financial statements • All stocks that listed in Thailand, active and inactive • SET + MAI • July 2001 - July 2022 • Follow Fama and French (2018) and Hou et al. (2015) for factor construction
identified before selecting the documents to test sales cut-off, resulting in the auditors vouching to the wrong documents. General observations: Before performing the tests of controls, the auditor must
planning. Although they know they should hold diversified portfolios, many chase past performance and end up buying and selling funds at the wrong times. A fund’s published total return reflects a buy and
from poor timing and end up buying and selling at the wrong times. /Timing the market is too difficult. “It is a losing strategy” gChasing (short term) past performance has been a basic investment
. • Confident to exercise an investor’s rights. • Recognise that carrying out investors’ rights and responsibilities will reduce the possibility of an investment going wrong. • Recognise that all information in a
Can Go Wrong? 13 • Data is inaccurate or incomplete • Recording of unauthorized or non-existent transactions • Potential loss of data or inability to access data as required • System processing is
Activity Report 61En INDEPENDENT AUDIT INSPECTION ACTIVITIES REPORT 2018 INDEPENDENT AUDIT INSPECTION ACTIVITIES REPORT 2018 Executive Summary....................................................................................02 Quality Assurance Review Panel........................................03 Activities for Enhancing Financial Reporting Quality.................................................................................................07 Summary of Audit Inspection Results A. Firm-Le...
under the KYC/CDD process; (4) the account is re-activated by a large size of transaction after being inactive for some time; (5) significant amount in terms of size/volume is transacted, which is
securities company, when requested under the KYC/CDD process; (4) the account is re-activated by a large size of transaction after being inactive for some time; (Unofficial Translation) - 8 - (5) significant
-face meeting) with staff of the securities company, when requested under the KYC/CDD process; (4) the account is re-activated by a large size of transaction after being inactive for some time