results of the current inspection cycle in the engagement-level mostly emerged from the lack of sufficient appropriate audit evidence in substantive procedures phase. The audit of revenue, the audit of

review is adequate, and the audit has quality. If the engagement teams fail to obtain sufficient appropriate audit evidence, the partners and the managers should be able to identify the issues before

diligence; 2 (3) management and control An intermediary shall take reasonable care to organise and control its affairs responsibly and effectively, with adequate risk management systems; (4) financial

control An intermediary shall take reasonable care to organise and control its affairs responsibly and effectively, with adequate risk management systems; (4) financial prudence An intermediary shall

, as well as satisfactory inspection scores on most elements of the TSQC1. The firm-level inspection scores of most elements obviously showed better results than that of the first-cycle inspection (2010

engagement. Appropriate staff to partner and staff to manager ratio, given that the firms have adequate staff for performing engagement, will ensure that both partners and managers have sufficient time to

of business operation and risks specific to that company as well as sufficient time to perform their roles as a committee to ensure that the company will have an adequate preventive system and measures

ratio was also close to the target of 42.31 percent. At the same time, our robust capital position was sufficient to cushion against risk, and greater than the Bank of Thailand’s requirement. As evidenced

allocation to ensure that the auditors have sufficient time to get involved in the key process regularly and supervise audit quality thoroughly. This will drive the audit quality towards a satisfactory level

comparable, which in turn will enable the users of financial reports to access accurate and sufficient information for making investment decisions Over the years, the SEC has been giving precedence to the