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

worried that public knowledge of your engagement might harm the company’s reputation or impact the share price? Then keeping dialogue confidential might be your best option. 7. Do you prioritize deep and

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

Annual Report 2009 1 Annual Report 20092 Over the past year, the Thai economy experienced a recession for the first time since the Asian economic crisis in 1997. The first quarter saw a 7.1 percent contraction as a result of sluggish export in the midst of global financial crisis, diminishing demand of domestic private sector, and lack of confidence in economic and political directions. All these factors played out against a backdrop of weakening economies of our trade partners worldwide, which...

Annual Report 2010 ANN UAL REPORT 2010 SECURITIES AND EXCHANGE COMMISSION, THAILAND ASEAN ECONOMIC COM MUN ITY Vision S = Setting High Standard E = Ethical C = Committed Pro = Professional Mission Core value: SEC-Pro The SEC develops and supervises the Thai capital market to ensure efficiency, fairness, transparency and integrity. The SEC is to establish the Thai capital market as an important alternative for investors and fund raisers with an efficient mechanism for investor empowerment and, in...