additional required steps in the audit process such as tests of opening balances, gaining understandings of client’s business and internal control system. Not only would the insufficiency of estimated
any misleading statement and poses no reasonable doubt to its completeness or insufficiency. Clause 22/13 In the case where the applicant wishes to make concurrent initial offering of units and debt
2016 to 2019 which was 2.88 at the end of 2019, a ratio equivalent to other countries in the South East Asia. However, the issues of auditor insufficiency may still occur in the future as several current
equal or more than 15 percent but less than 50 percent. In this regard, if the Company successfully negotiated to buy KPN Academy shares from the other shareholders resulting in the insufficiency of newly
capital market. Nonetheless, the SEC still identified certain deficiencies in the quality control system in this inspection cycle such as rotation of auditors, insufficiency of human resources, completeness
, Sapienza, and Zingales, 2015). If contracts are insufficient, culture and values may undoubtedly contribute to minimizing the inefficiencies caused by the insufficiency of the contractual environment (Guiso
careful. However, several instances found during our inspections seemed to suggest otherwise, especially regarding the insufficiency of audit evidence to support its conclusions, inappropriate procedures
1 August 17, 2018 Subject: Capital Increase for Offering for Sale to Specific Investors (Private Placement), Connected Transaction, Amendments to Articles of Association/Objectives of the Company and Determination of the Date of Extraordinary General Meeting of Shareholders No. 1/2018 To: President The Stock Exchange of Thailand Enclosures: 1. Information Memorandum on the Offering of Newly Issued Ordinary Shares to Specific Investors (Private Placement) at the Offering Price with a Discount of...