/preventive courses of actions. 16 Securities and Exchange Commission, Thailand Nonetheless, this problem still persists in some audit firms. For example, we found that some firms compensated their audit
patterns. On one hand, if good performance persists, strings would persist into the future implying 𝛿1 is expected to be positive and large. On the other hand, if the persistence of earnings strings is low
audit firms do not rotate auditors as required by the firm’s policy. 2. The policies and procedures regarding the declaration of financial interest and employment with other entities The audit firms set
, 2018, and September 30, 2018. 6 Market, dated November 20, 2018, both coming into effect January 1, 2019. The new regulations stipulate that listed firms shall rotate auditors who have performed their
boutique closures or restructurings may need to be considered if the virus persists. Local lockdowns and further governmental restrictions could continue to cause additional temporary operational closures on