6. Audit risks related to developments in the audit firms and profession Tone at the Top / Culture • Potential causes behind lack of improvement in level of inspection findings: fee pressures

practices. 2.1.5.5 monitoring its impact performance and conformance with responsible business and impact management policies and practices, to drive a culture of continuous improvement. 2.1.6 The Enterprise

corporate culture by 10.55 times 0.011, which is 0.116. Because one standard deviation of the corporate culture score is 2.443, an increase of 0.116 represents a 4.748% improvement in corporate culture

future potential material impacts 4. Set goals in line with now integrated purpose and strategy 3. Integrate sustainability and the SDGs into purpose and strategy 6. Align culture, structure and skills

of Frauds Whereas the audit committee, the independent directors and the executives of listed company play an important role in promoting good corporate governance, driving the improvement of financial

audit quality, training sessions on how to remedy the recurring deficiencies identified in several audit firms. Such efforts to develop audit 02 quality have evidently paid off with the improvement of the

and in line with auditing standards, 3) utilization of various mechanisms to cultivate the quality-essential culture. All of which contributes to the improvement of these elements: human resources

individual auditors’ engagement. The overall results of the inspection conducted on 13 audit firms in 2016 during the third cycle, which is between 2016 to 2018, indicated continuous improvement from the

• Gender • Age Board Dynamism • Inclusivity • Culture • Leadership 8 Q&A THANK YOU ThaiIODFan @ThaiIODThai Institute of Directors (IOD) Thai Institute of Directors

Hong Kong. This is an improvement from previous survey when Thailand was ranked the fourth. This year Thailand made progress in 4 out of 5 categories (CG Rules and Practices, Enforcement, IGAAP, and CG