acknowledges the Technical and Industry Working Group members who supported the development of these Criteria. Members are listed in Appendix 4. Special thanks are given to Christine Negra, Versant Vision, the
developing the quality control system at the firm and individual engagement levels as per the findings of the SEC. Thanks to such efforts, the deficiencies found during the 2 inspection cycle were addressed
” elements. These positive results were possible thanks to the audit firm leaders’ efforts in building an audit firm culture recognizing quality is essential in performing engagements and the audit firms’ more
; however, the appreciating Thai Baht led to loss from the foreign currency forward contract. However, from the appreciation of Thai Baht, BCPG has also recorded gain on foreign exchange of THB 72 million, as
effect on the 1st January 2020. 5. Gain on foreign exchange recorded at THB 132 million. Due to the appreciation of Thai Baht in compared to foreign currencies, resulting in a gain on foreign exchange from
financial statements of foreign operations rose by Baht 3,180 million due to the Baht’s appreciation. Contingent Liabilities Million Baht Item December 2018 September 2018 December 2017 Change (%) September
. The downside was mainly stemmed from the impact of export contraction affected by the global economic slowdown, prolonged US-China trade tension and the Baht appreciation. As for economic outlook in
encourage domestic capital outflows. At the end of 2019, the Thai baht was 30.15 to the US dollar, an appreciation of 7.1 percent from the end of 2018. Global financial markets experienced volatility amid the
E_1 Legal_FA_2015_12_29-c A FFeeCCoorrppLL44..11hhiigg A Executive Summary Management Discussion and Analysis For the Quarter Ended September 30, 2017 The Thai economy maintained steady growth in the third quarter of 2017, buoyed largely by tourism and exports. Nonetheless, the economic recovery was not broad-based, as evidenced by sluggish private consumption. While certain businesses were still fragile, others remained mired in uncertainty in terms of new modes of competition, a broader market...
need of improvement continued to decline. These positive facts reflect the overall quality improvement of audit firms and auditors in the capital market thanks to the continuous dedication and