three inspection cycles 09 Figure 7: Percentage of audit firms categorized by the evaluation result of each element in the ISQC1 Remark: The 3rd cycle inspection result comprises 13 audit firms Figure 8
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
Accountancy, Chulalongkorn University • Diploma in Auditing, Chulalongkorn University • Certified Public Accountant 05 Mr. Prasan Chuaphanich Positions: • Expert Member, Audit and Evaluation of Public Sector
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
followings are key deficiencies of this TSQC1 element. Performance evaluation and remuneration of audit partners A quality-driven firm would design a pay structure that reflects the quality of audit
(Accounting), the Committee on Dumping and Subsidy, Ministry of Commerce • Commissioner, the Securities and Exchange Commission Board • Expert Member, Public Sector Audit Evaluation Committee, Office of the
Dumping and Subsidy, Ministry of Commerce • Commissioner, the Securities and Exchange Commission Board • Expert Member, Public Sector Audit Evaluation Committee, Office of the Public Sector Development
clearer view of impact. All-in-one tool A comprehensive tool that covers the whole impact management process, from impact planning, indicator selection, data collection to monitoring and evaluation. Phase 1
) Evaluation of the test results under (1) and preparation of the test evaluation report by the personnel in charge who is qualified, knowledgeable and independent; (3) Reporting result of the test, reviewing
) Evaluation of the test results under (1) and preparation of the test evaluation report by the personnel in charge who is qualified, knowledgeable and independent; (3) Reporting result of the test, reviewing