. In this regard, the frequency in reviewing shall depend on the level of client’s risk; (2) review client’s existing records and gather further information, if it is found that or there is a
previously obtained. In this regard, the frequency in reviewing shall depend on the level of client’s risk; (2) review client’s existing records and gather further information, if it is found that or there is
financial statements on cost of sales and inventories which revealed lack of efficiency and reliability of AIE internal control system. The auditor was thus unable to gather sufficient evidence for such
these inspections regularly communicated to ensure timely rectifications of any deficiencies found. Through such efforts, the SEC is now widely recognized as a trustworthy and effective independent audit
, respectively. This strategic move enabled us to jump our media coverage nationwide and gather wider audience reach. During 2017, MACO also has started to introduce digital media into its product portfolio with
our expectations of each element for the second-cycle audit inspections, in response of the deficiencies found during the first cycle. It was obvious from the 2014 inspection results that the audit
judgement, transactions that were not in the normal course of business, and accounting transactions that required professional skepticism, the SEC found deficiencies in the inadequate gathering of audit
there are a few audit firms that, due to deficiencies found during the inspections, are in the process of implementing a more effective quality control system especially on the elements of engagement
relationship, The opportunity of risk-free arbitrage will be found. • Put call Parity was introduced by Stoll ( 1969) Literature review •Found opportunity to arbitrage SET50 index under Put Call Parity
developing the quality control system at the firm and individual engagement levels as per the findings of the SEC. Thanks to such efforts, the deficiencies found during the 2 inspection cycle were addressed