transaction in the workpapers. 3. Inspection of inventory The SEC found that some auditors have deficiencies in auditing inventory balance, such as inventory physical count observation, unit cost testing, net
improved the monitoring process to be coherent with the TSQC 1 and the SEC’s observation. However, in 2017 we still identified the findings on the monitoring process in some audit firms as follows: 1. The
, and (2) the Company recorded the doubtful accounts on long-term loan to joint ventures of 910 million Baht in the same period last year. In Q2 2018, the Company had finance cost of 198 million Baht
Baht (119% of total revenues), significantly decreasing by 5% as compared to the same period last year of 1,371 million Baht. In Q3 2018, the Company had finance cost of 179 million Baht, decreasing by
) cost of sales of residential condominium units of 2,146 million Baht, a decrease of 1,158 or 35% as compared to 2017. (2) administrative expenses of 1,528 million Baht, a decrease of 1,124 million Baht
compared to 2017. The Company had total sales and administrative expenses of 3,674 million Baht (42% of total revenue), a decrease of 2,282 million Baht or 37% as compared to 2017. This comprises of (1) cost
include: land, hotel, Observation Deck, Retail Cube Building, sculptures and artworks, the licenses and contracts which are relevant to the operation of PP1 (Hotel) and PP3 (Observation Deck and Retail Cube
2018 and 2017 showed a promising increase of approved auditors without any observation and a decline in the number of approved auditors with deficiencies and condition to follow-up on the next cycle. The
over the observation period. Thus, the pricing of the option depends on the expected (implied) volatility. Historical Volatility t - 1 Investor education: trading options is about trading volatilities. 7
position • In practice there are some issues which have to concern. For example, Discretely rebalanced portfolio, Transaction cost, and Stock return distribution. Stock position Black and Scholes (1973