resulting in the low audit quality; and High ratio of listed audit clients to audit personnel, leading to incomplete audit works, inadequate supervision, non-compliance with the firms’ policies and procedures

, JAS has not recognized any liabilities resulted from the Supreme Court decision, viewing that there is insufficient information to reliably estimate the additional liabilities. As JAS has not recognized

inadequate as the documentation was sometimes found to be insufficient in assessing potential risks and identifying appropriate responses for those risks. The SEC expects audit firms to improve their risk

protection measures available, including complaint/redress procedures. • Identify the implications of providing inaccurate, misleading or insufficient information to the financial service provider

opinion. After analyzing the root cause of these deficiencies, the SEC believes that they were caused by inadequate and/or inappropriate risk assessments during the audit planning stage. Therefore, it is

cover specific industry. In addition, there was lack of consultation in complex areas and inadequate quality control review system. The SEC found that EQCRs did not review some important work papers or

attention. • Improvement of investment efficiency by e.g., rising inadequate investment. H 2 : A n a l y s t fo l l o w i n g m i t i ga te s u n d e r i nv e s t m e nt p r o b l e m s . 17 SEC

and Communications, Naresuan University SEC Capital Market Symposium 2022 November 22, 2022 Motivation Explaining Value Data Results Conclusions Value Investing • Security Analysis by Benjamin Graham

establishing the offering price and compare such information with data of other listed companies in the same industry or companies with similar business as well as stating assumptions used in the calculation

judgement, transactions that were not in the normal course of business, and accounting transactions that required professional skepticism, the SEC found deficiencies in the inadequate gathering of audit