also the intent of this Statement of Principles for Institutional Investor Responsibilities is to reduce that complexity and confusion: by noting the importance of institutional investors involving
deficiencies effectively because they took on audit engagements in excessive quantity and complexity beyond the capability of experienced personnel to perform quality audit work in accordance with the
statements. The results indicate that without the complexity of consolidation process with many subsidiaries, companies are still facing financial statements adjustments. Although the complexity in the process
raised awareness among the stakeholders, focusing on auditors, accountants, and audit committees, of the importance of high quality financial reporting through initiations of and participations in various
; (2) In cases where the management company is of the opinion that investors should be aware of and give special importance to a certain warning, such warning shall be shown in the first part of the
complexity. Insufficient audit fees mean inadequate resources, which inevitably leads to long and strenuous work hours at all levels of the audit personnel. This eventually results in high turnover of audit
exercise due care in designating engagement with complexity or requires specific technical knowledge to the appropriate partners and divisions. - Some firms have rendered policies to not accepting new
reasonable regulations. Beside regular communication with the preparers regarding the importance of quality financial reporting, the SEC cooperates with the Stock Exchange of Thailand in promulgating the
standards. While the importance of the audit quality on the financial reporting process cannot be denied, the credibility of the financial information depends on responsibilities of other stakeholders as much
organization with audit regulatory system on par with international standards. Accordingly, maintaining those standards is of paramount importance. The SEC also emphasizes supporting international cooperation to