expertise (Cenker & Nagy, 2008) - clients’ financial restatements regarding fraud or changing from reporting profit to reporting loss (Y. Huang & Scholz, 2012) Literature review- Audit firm change Cons: - For
. Sample and data collection Our final sample included 585 firm- year observations (334 companies traded in the Stock Exchange of Thailand) for the period 2016–2017, two years after the implementation of
fraud in assessing risks to the achievement of the organization’s objectives. Questions Yes No 8.1 The company assesses the potential for fraud covering all types of fraud including fraudulent financial
reflects a strong new base line of net profit of the Company. Cash Collection was 708 million Baht, increased 37.3% from the same period last year. This was slightly decline from Q4/2018 due to the
• The Company’s Net Profit continues to grow and remark as a highest net profit for 6 th quarterly consecutively since 2017. • The Company’s Cash Collection in Q2/2019 equal to 706 million baht, increased
to Equity Shareholders was 116.1 million Baht, increased 58.4% from the same period last year. Cash Collection was 514 million Baht, increased 59.1% from the same period last year. The Company was
, and identifying and assessing risk of fraud and response to those risks. Example 4 : The disclosure checklist did not contain current disclosures as required by other regulatory bodies such as the SEC
percent. The Company’s net profit margin stood at 27.7 percent. An increase of net profit was a result of the Company has higher revenues from collection of purchased accounts receivables and debt tracking
stood at 27.8%. An increase of net profit was a result of the Company has higher revenues from collection of purchased accounts receivables. Thus, the details of the Company group can be described as
business for 2nd year in consecutive. The Company achieved its record high in cash collection at 2,399 million Baht. Thanks to distress the quality of debt acquired, number of collection staff increasing and