Company Limited ("IFEC"), acquired the knowledge from the Board of Directors Meetings No. 11/2016, held on 1 November 2016, that IFEC faced a problem with insufficient cash flow to pay off its

) to issue notifications to implement this Royal Enactment; (5) to determine fees for handling certain matters in accordance with this Royal Enactment; (6) to appoint sub-committees or advisors to

financial situation. However, the Company has received a written waiver from its creditor on this issue in the third quarter of 2019, which is the most recent waiver. The Company has to maintain Debt to

. • Existing “information asymmetry” problem and agency costs. • Conflicts in the contracts between shareholders & bondholders • From managers’ views (acting on shareholders’ behalf), creditors benefit more

improvements on quality controls of audit firms with only few exceptions where the remedies of some deficiencies are unavoidably time-consuming due to the need to adjust the firms’ audit manuals and staff

and resolving such problem within 90 days, during which periods customers and stability of the capital market in general may be affected . In addition, the current rules on calculation of NC are not

issued in connection with securitization; (4) to issue notifications to implement this Emergency Decree; (5) to determine fees for handling certain matters in accordance with this Emergency decree; (6) to

in connection with securitization; (4) to issue notifications to implement this Emergency Decree; (5) to determine fees for handling certain matters in accordance with this Emergency decree; (6) to

/preventive courses of actions. 16 Securities and Exchange Commission, Thailand Nonetheless, this problem still persists in some audit firms. For example, we found that some firms compensated their audit

solutions to the human resources problem in the audit industry. • In September 2012, the SEC issued guidelines for audit committees to select high-quality external auditor. The SEC held a seminar for audit