INDEPENDENT AUDIT INSPECTION ACTIVITIES REPORT 2020 SECURITIES AND EXCHANGE COMMISSION, THAILAND Contents Executive Summary 01 04 08 15 28 58 62 70 47 Quality Assurance Review Panel Activities for 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 Thailand Executive Summary Over the past year, the Thai capital market experienced tremendous volatili...
Enterprise sector which the warranty from Turnkey Total Solutions expired and then continued with the maintenance service. The structure of revenue from services margin of the Group was reported at THB 122.7
satisfied over time, using input method, and no revised budget needed Consolidated Financial Statements Customer 20 100% Company A Company B Contract 10 MB cost 1 MB subcontract 8 MB cost 2 MB Assumption
loan with financial institutions. Other current assets increased 10.2 MB or 10.8 percent from the year 2016, since the company has paid the increase in prepaid of the maintenance and the warranty of the
loan with financial institutions. Other current assets increased 10.2 MB or 10.8 percent from the year 2016, since the company has paid the increase in prepaid of the maintenance and the warranty of the
million whereas Baht 0.72 million in 2017 showing an increase of Baht 1.87 million or 259.72 % increase. The 79.15% of the income was mostly gained from the reverse of provision for warranty maturity that
defect was caused by the Company’ s production process. However, the Company had set aside the reserve and recognized the cost of such product warranty in the amount of THB 178.69 million in 2018. If the
and revenues from warranty of work. Cost of Construction The company and its subsidiaries’ cost of construction in 2019 was Baht 167.08 million, whereas Baht 17.54 million in 2018, increasing Baht
nearly the same, there is no significant change. Most of them are revenues from interests and revenues from warranty of work. Cost of Construction The company and its subsidiaries’ cost of construction in
delay in entering into the transaction due to the fact that various conditions precedent must be satisfied; and the risk of not receiving the refund of the security deposit of THB 45 million if the share