common deficiencies found during our inspections for this TSQC1 element. Performance evaluation and remuneration of audit partners If a firm leader is striving for high audit quality, the SEC expects the
reliability of financial reporting by selecting suitable accounting policies and implementing effective internal control systems. In other words, they are the first line of defense in financial reporting. Next
relative to performance evaluation, compensation, and promotion fail to recognise high quality work. Additionally, a lack of clear communication to all levels of the firm’s audit staff about the importance
optional. The external reviewer is encouraged to assess: 1. The relevance, materiality and reliability of selected KPIs. 2. The rationale and level of ambition of the proposed SPTs. 3. The relevance and
&C : Client acceptance and continuance HR : Human resources EP : Engagement performance MR : Monitoring The evaluation result in most of the ISQC elements clearly manifest the sequent development in
technology and innovation strategies. The SEC monitors factors which may affect the reliability and stability of the capital market as a whole, including systemic risk, and collaborates with other financial
stakeholders, and thus bolstering further confidence of both local and foreign investors in our capital market. Due to the substantial effects of audit quality on the reliability of the available financial
continuity with suitability, reliability and effectiveness in order that the intermediaries are able to service with the best interest of customers and that the intermediary’s personnel are able to work
accounting system and a financial reporting preparation process to support SMEs’ fundraising in the capital market. Numerous integrated initiatives have been undertaken to maintain the reliability of the
Accountancy, Chulalongkorn University • Diploma in Auditing, Chulalongkorn University • Certified Public Accountant 05 Mr. Prasan Chuaphanich Positions: • Expert Member, Audit and Evaluation of Public Sector