inspection cycle (2016 to 2018), audit firms in the capital market established and maintained a system of quality control as required by the Thai Standard on Quality Control (“TSQC 1”). The majority of audit
inspection results in the 3 inspection cycle (2017-2018); the score in each element of the quality control system of most audit firms was higher than that during the 2 cycle, notably the ‘monitoring’ element
from the first inspection cycle (2010-2012) to 2019, the first year of the 4th inspection cycle (2019-2021), showed promising overall improvement despite the SEC’s more intensive inspection in several
second-cycle audit inspection with a more robust inspection plan, in response to current audit environment and the deficiencies found during the first cycle. The results, thus far, have shown significant
further appropriate actions to establish consistency in the overall supervision of auditors and audit firms. In the quality control system inspection in 2020, the second year of the 4th inspection cycle
. Tesco Notes: Some bonds may be a combination of two approaches e.g. asset-backed securities backed by government agencies or local authorities; or covered bonds with FI and portfolio bond characteristics
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
financial statement of the Company ending 31 December 2019 Page 6 of 7 8. Rationale and benefits Best position to lead in the 5G technology cycle This spectrum acquisition marks an important execution for AIS
July 2018 with a gain from business combination of Baht 276 million which should be amortised by Baht 12 million per annum along the PPA life. BGRIM started to consolidate BGYSP’s financial statement in
reserve The result of this agreement is to eventually enhance operating margin of our gas-fired combined cycle cogeneration projects. Projects under construction are on track Nam Che 1 Hydro Power Plant