risk assessment process, an auditor was not concerned about the reason why the client changed auditors and indicator in disclaimer opinion. The audit firm concluded that client had medium risk. Example 5
for quality within the firm’ element, compared in three inspection cycles. In general, it can be concluded that most of listed companies’ audit firms reached the evaluation results in each element of
, the SEC found that the audit firms did not seem to evaluate 11 whether there were any threats to independence or any conflicts of interest before issuing engagement letters to clients. Beyond
crucial for the auditors to suitably develop an expectation of the recorded amounts, sufficiently evaluate the reliability of data from which the expectation is developed, and determine an acceptable
assessments. For example, the financial position of an audit client was concluded as normal although its liquidity was identified as poor without further explanation. (3) Risk assessment and risk response were
. The major causes could be concluded as follows: 1. In the second quarter of 2018, the company had income from sales services and electricity sales by subsidiary company amounting to Baht 276.54 Million
: For the purpose of company administration Considering the relevant laws and regulations, the transaction can be concluded as the followings. 1. The transaction is defined as the asset acquisition
19.19% after the Transaction, therefore the Transaction is finally concluded as the disposition of assets at post-transaction according to the Notification of the Capital Market Supervisory Board stated
imposed by the company management in several matters including audit procedures to evaluate effectiveness of internal control over small-sized gas cylinders quantity, deposits received for small-sized gas
.......................................................... 51 G20/OECD PRINCIPLES OF CORPORATE GOVERNANCE © OECD 2015 9 About the Principles The Principles are intended to help policy makers evaluate and improve the legal, regulatory, and institutional