evaluate a supplier’s performance and to obtain an overall score corresponding to the SEP performance. On a quarterly basis, divisional audit committees review all of the SEP audits performed and evaluate
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
disclosure Indicator Applicable Law 2020 score 1 Whose decision is sufficient to approve the Buyer-Seller transaction ? Ans. Shareholders excluding interested parties - พ.ร.บ. บริษัทมหาชนฯ มาตรา 101 - พ.ร.บ
not uniform, data are also often not readily available due to poor recording Common challenges Several actions that can be taken: ● Ensure data storage and management ● Focus to obtain primary data from
representative office in the Kingdom shall obtain an approval from the Office. The representative under the first paragraph shall undertake only those businesses specified in the approval. The provisions of
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
severity and any delays in resolving them would reflect poorly on the ability of firm leaders to discharge their responsibilities successfully, resulting in the SEC lowering the score of their TSQC1 element
elements. Figure 1: The weighted average score by total market capitalization in each element of TSQC 1 in 3 inspection cycle, compared with the 1st inspection cycle results (2010 – 2012) and the 2
2.1.3 inappropriate/insufficient disclosure of information (paragraph........). ฆ 2.2 Inability to obtain sufficient appropriate audit evidence and the possible effects are material, but not pervasive
, weighted average by total market capitalization of audit clients, are roughly around the score of those in previous cycles, as shown in figure 8. This revelation suggested that audit firms in the capital