Securities and Exchange Commission (the “SEC”), in cooperation with the PricewaterhouseCoopers Thailand (“PwC Thailand”), has developed this internal control sufficiency evaluation form (“evaluation form”) as
is not sufficient to provide assurance that such non-audit services may or may not impair the independence arising from the self-review threat or advocacy threat. • The audit firm may lack necessary
) and was reappointed as Chairman of the Asia-Pacific Regional Committee (APRC) for a second consecutive term, thus a timely opportunity to carry on with the regional campaign for consistent cooperation
IOSCO Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information (IOSCO MMoU) ● Amend securities law, as deemed necessary, to give the SEC sufficient
listed companies, audit firms’ focus is on the sufficient supply of able auditors and the implementation of and the compliance with the Thai Standard on Quality Control 1 (“TSQC1”), which is equivalent to
audit-career candidates but this issue will require much cooperation from other stakeholders for it to have a chance at succeeding. As professional standards have constantly been amended and revised in an
in raising funds for both public and private sectors, thanks in large part to the cooperation among the SEC, capital market organizations and listed firms in underlining the importance and
the audit of information technology general control (ITGC), as many medium-and small-sized audit firms had been identified by the results of inspection to lack sufficient competent personnel in
these threats to their independence. 3. Client acceptance and continuance Appropriate client acceptance and continuance process could help audit firms to ensure that they have sufficient available staff
comparable, which in turn will enable the users of financial reports to access accurate and sufficient information for making investment decisions Over the years, the SEC has been giving precedence to the