Enron’s accounting scandal and the demise of its audit firm, ‘Andersen’, Barton (2005) found that clients who were more attracted to investors’ attention moved from Andersen sooner to other Big 5 at that
scandal and neither the BoT nor the SEC are fully independent of the government and Ministry of Finance (MoF). The Ministry also excerpts influence through SEPO. SOEs also still face a range of governance