compliance and giving advice on how to improve the internal control system. For operational independence, the department is subjected to direct reporting to the Audit Committee. See details in the Audit
developments for operators in the communications sector, while companies in the energy sector enjoyed better earnings in line with the rising price of oil. Despite weakening market sentiment, market liquidity
understand the benefits of and need for effective disclosure practices. To promote free and vigorous investigation and responsible reporting by news organisations, local defamation and libel laws should be
plans and procedures for the SEC including development of operational guidelines, systems to identify, assess, monitor, control or minimize risks and record keeping and reporting system. The Division also
corporation’s accounting and financial reporting systems. New issues in this chapter include the role of the board of directors in risk management, tax planning and internal audit. There is also a new principle
GPf: government Pension Fund ifAC: International Federation of Accountants ifRS: International Financial Reporting standards iOSCO: International organization of securities commissions iSA
Economic and Social Development Plan and the Capital Market Development Plan; Reporting to the Minister on the annual operating performance and financial statements as audited by the Audit Committee
securities, as detailed in Part 2; (3) reporting on material changes in a computer system relating to clearing, settlement, and depository services with respect to securities, as detailed in Part 3; (4
oversight of financial reporting, disclosure, internal control and internal audit to make sure that the firm’s financial records and reporting fully meet Thai Generally Acceptable Accounting Principles