economic substance and true performance. This is a protective mechanism for investors in the capital market and the reason why over the years the SEC has stressed the importance of continuous improvement of
transaction or material undertaking; (d) having withdrawn an application for approval of an offer for sale of newly issued securities without giving any clarification to the SEC Office regarding any matter
figure Findings identified by the SEC The recommendations for improvement The performance evaluation of partners Particular audit firms do not consider the internal and external monitoring results of audit
between ceasing such employment and serving on the board; b) is or has within an appropriate period been a partner, director or senior employee of a provider of material professional or contractual services
material matter, either under Thai or foreign law; (b) having been rejected by the SEC Office regarding an application for approval of an offer for sale of newly issued shares on a material ground for
, the audit firms should always consider fundamental factors, such as audit partner’s capabilities and experiences. During the 2015 audit inspection, the SEC found that complicated audit engagements of
of depositary receipts if any of the following cases applies: (1) there is a clear fact to consider that such criteria or conditions to be waived are not material to the consideration for such approval
and withdrawing digital assets. Meanwhile, the company may consider accepting new clients as deemed appropriate and sufficient by taking into account the characteristics, size, volume, complexity and
financial reports by establishing clear goals in the matter, e.g., the reduction of audit adjustments each year, especially the recurring adjustments. Moreover, companies’ management should support regular
and develop securities business related to investment management; “debt financing” shall include the issuance of debt instruments or conclusion of any transaction that would result in or is in substance