auditors with high quality and expertise is key to the support for duty performance of the audit committee. Apart from knowledge, capability, and sufficient time and resources for engagement performance, the
can timely identify, capture, process, communicate and maintain relevant and reliable information for supporting the SOQM? 3 How does the firm keep the communicated information current, meaningful and
first assessment, all listed companies are expected to achieve Level 1, signifying intent to comply with laws and regulations with ability to communicate with all stakeholders.Vorapol Socatiyanurak, SEC
indicate that the system of quality control is insufficient. 2) Systemic, repetitive or other significant deficiencies that require prompt corrective action 2 Does the firm communicate (Audit Compliance
procedure to evaluate the effect of the identified deficiencies? If yes, please describe those criteria and procedure. B3 Does the firm communicate (Audit Compliance Review Report) with specific corrective
International Standard on Quality Management, which will become effective on 15 December 2022, requires that audit firms communicate with third parties regarding their audit quality management system.” The SEC
increase financial accessibility; help customers achieve Net Zero emissions and sustainable growth 5. Communication: Communicate and collaborate with all stakeholders in raising public awareness on ESG
the audit firms effectively communicate such policies and procedures to the staff of their own firms and those of their network firms to ensure that all of them are aware of and fully comply with the
preventing and managing conflicts of interest which board of directors or a committee assigned by board of directors has already approved such policy, and shall communicate the policy thoroughly in order to
of work, and communicate them to the partners. - There should be the restructuring of the remuneration plan which would encourage the ‘quality-of-professional-performance-over-the- commercial-profit