Bangkok, July 8, 2016 ? The SEC Independent Audit Inspection Activities Reports for the second-cycle period during 2013-2015 have shown significant progress in the quality control system of audit
creates or enhances an asset or work in progress that the customer controls as the asset is created or enhanced, and hence revenue is recognised over time by reference to the progress towards completing the
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
receivables, trade payables, other payables, payable for asset acquisition, accrued expenses, and advance received from director. Accordingly, the auditor was unable to use other means to obtain sufficient
-Year National Strategy. For the capital market to advance as such, financial reporting system is an essential tool as it helps to establish trust in the entities and the market itself. Good quality and
“Need Improvement” and subject to mandatory follow-up in the next cycle has dropped significantly. This progress was contributed by audit firms’ continuing emphasis on quality improvement. Heads - 02 - of
Mr. Amorn Meemano Mr. Amorn Meemano, the Chief Executive Officer responsible for the operation of AJ Advance Technology Public Company Limited (“AJA”), was liable for AJA’s failure to prepare and
for 3 months to Advance Power Conversion Co., Ltd. (“APCON”), the associated company and connected person, in the amount of loan 30 million baht which will be due on May 13, 2020. The details of
assistance period for 3 months to Advance Power Conversion Co., Ltd. (“APCON”), the associated company and connected person, in the amount of loan 30 million baht, the details of transaction as follows; 1. The