of high fraud risk areas, group audits, procedures addressing going concern issues, and professional skepticism Inadequate documentation of audit works Insufficient supervision in certain high-risk
decreased 9.79 million Baht, or 2.91% from the same period of previous year due to the slowing of the economy. Investment and government expenditure were not enough to drive the economy. While the private
firms did not concern over significant client’s issues before accept those clients. Example 1 : There was insufficient documentation regarding client acceptance evaluation. In addition, some evaluation
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
1 ( Translation ) Ref. NEP146-2017 October 25, 2017 Subject : Resolutions of the Board of Directors approving the capital decrease, the capital increase, the allotment of newly issued ordinary shares to investors in private placement, the acquisition of assets and convening the Extraordinary General Meeting of the Shareholders No. 1/2018 (Revise 3) To : President, The Stock Exchange of Thailand Attachment : 1. Capital Increase Report Form (F 53-4) 2. Information Memorandum in relation to the al...
complexity. Insufficient audit fees mean inadequate resources, which inevitably leads to long and strenuous work hours at all levels of the audit personnel. This eventually results in high turnover of audit
Company Limited, has already completed the construction of buildings and set up all equipment. Depreciation has to be fully recognized. Revenue recognized in the second quarter was not enough to cover such
of additional storage space as the existing facilities was not enough. 4.2 Category of Connected Transaction Connected transaction related to asset acquisition. 2 4.3 Details of asset a. Two units of
theirs’s assets for loan repayment and it is not enough. The Company will demand the major shareholder of the borrower to be responsible for the repayment of such loan and interest. 9. Opinions of the Board
significantly, even though, the revenue from take- away and home delivery considerably increased, it was not enough to offset the dine- in sales. Domestic revenue from sales and services of THB 816 million