financial statements due to limited audit scope imposed by AIE management regarding inefficient internal control system on cost of sales and inventories. Consequently, AI auditor did not express opinion on
al. (2019) • If government subsidies were misused (improper incentives & inaccurate) information. • Inefficient resource allocation. • Unfair market competition. • Corrupt practices. 5 GOVERNMENT
due to inefficient internal control system with regard to the cost of sales and the inventory of 2014 and insufficient evidence to clarify decrease in the production yield. The AIE auditor also
different withdrawal sequencing scenarios. Among the possible outcomes are an efficient scenario, a “split” scenario, and an “inefficient” scenario. The efficient scenario represents the most efficient
) • Over/underreaction and temporary mispricing (Lakonishok, Schleifer, and Vishny, 1994; Daniel, Hirshleifer, and Subrahmanyam, 1997) • Markets are inefficient (Basu, 1977; Rosenberg, Reid, and Landstein
conducting its business at a high standard of Good Corporate Governance practices, particularly regarding the rights and equitable treatment of its shareholders. It is our responsibility to enhance the
to strengthen reliability and linkage among the ASEAN capital markets, promote the ASEAN Brand as a world-class product, enhance compliance with the international disclosure standards as well as expand
. Sutasanee Karnasuta Objectives of bor rowing To enhance the company’s liquidity Borrowing amount Total amount 20,000,000 Baht which are: 1. 12,000,000 Baht by K Alliance Company Limited 2. 8,000,00 Baht by
production line of flexible packaging and the machine setup process is not complete and new employee lack of expert skill and the use of raw material is inefficient, cause a high production cost. 3. Selling
. Sutasanee Karnasuta Objectives of bor rowing To enhance the company’s liquidity. Borrowing amount Total amount 20,000,000 Baht which are: 1. 12,000,000 Baht from K Alliance Company Limited 2. 8,000,00 Baht