offset by reduction in metallic cost. 3. Selling expenses Total selling expenses of the Company and subsidiary amounting to Baht 85 million and increased by Baht 23 million YoY or 37% due to the increase
findings raised by the SEC, which ultimately lead to the improvement of audit firms’ quality. Figure 6: The weighted average score by total market capitalization of each element in the ISQC1, compared among
business units (mass transit, media, property, and services) • September 2018, selected by Dow Jones Sustainability Indices (DJSI) Emerging Market • Selected as a constituent of the FTSE4Good Index Series in
(2019-2021), the SEC stepped up the inspection on each element to conform with today's changing contexts. More in-depth inspections on the areas containing risks to audit quality and sustainability of
audit firms and the auditors have improved significantly on the overall audit quality and on each element of their firm-level quality control systems, compared to the results from the first-cycle audit
auditor. Each element listed above is a crucial foundation of reliable financial report preparation; 3. Audit Committee and independent director: The audit committee and independent directors are considered
means any assets and activities are potentially eligible use-of-proceeds, if they meet the necessary requirements. STEP 3 STEP 2 STEP 1 • Element Energy • EIB • EBRD • University College London
TSQC1 consists of six elements, all of which are important for the system of quality control, deficiencies in one element inevitably affect the working of others and resolving a weakness in one element
for quality within the firm” and “human resources” elements, as compared to the results from the 2 or 1 cycle. Meanwhile, the “ethical requirements”, an element of observations and further improvement
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