maintained its growth momentum. Similarly, Thailand’s major economic indicators continued to exhibit growth, as evidenced by brighter exports, government spending and private spending on certain items of

monthly excess returns, visualized as bar charts in Figure 1, exhibit an interesting pattern. Average returns of stocks not held by mutual funds are substantially lower than those held by funds, while top

the firm. Results from this 3rd inspection cycle exhibit that audit firms whose score in ‘engagement performance’ element is satisfactory and acceptable will have the average involvement of auditors in

low average turnover rate of senior and junior staff, it may exhibit