for the benefit of the operation (Translation) Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. The SEC, Thailand
resource, the evaluation results are profoundly satisfactory. It is the reflection of the perseverance and prudence of the audit firm’s leader, as well as its personnel, to collaboratively remediate the
, we organized audit quality workshops where root causes were identified and analyzed, and improvement plans created, for the benefit of local firms’ better audit quality. One of the consensus points
, the portion of the SEC-approved auditors without any observations significantly increases. This development stems from the perseverance and cooperation between the auditors and audit firms in
among stakeholders in the financial reporting ecosystem to enhance quality financial reporting for the benefit of sustainable growth of the Thai capital market. - 03 - Quality Assurance Review Panel Mr
fundamentals, earnings persistence, and future earnings (e.g. Lev and Thiagarajan, 1993). More specifically, when investors observe a pattern of increasing earnings, they can infer that a firm has stronger
earnings and firm value (e.g. Lev and Thiagarajan, 1993; Abarbanell and Bushee, 1997; Tomy, 2012; Yao, 2014). • If fundamental information is manifested in earnings persistence or reflects earnings growth
increase due to the fluctuation of raw material price that remain high during our financial year. The direction of raw material price started to decline at the end of financial year and expects to benefit
revenues dashed by 3%. Total Expenses: In 2Q19, the expenses were significantly increase by 15% due to an adjustment of employee benefit expenses in accordance to the labour protection act (No.7) B.E. 2019