. 6. Audit risks related to developments in the audit firms and profession Human Resources considerations • Human resources for audit • Less experienced auditors being promoted before they have a firm
and would be completed in the similar time periods. This caused work overload and shortage of skilled workers Q4/2018 and into Q1/2019, resulting on cost overrun. Discussion and Analysis of the Company
solicited opinions and suggestions from the Advisory Committee on Best Practices for Company Directors, a council composing of scholars and experienced corporate directors. The Thai IOD hopes that the
started and would be completed in the similar time periods. This caused work overload and shortage of skilled workers Q4/2018 and into Q1/2019, resulting on cost overrun. And another reason is a one-time
represents increasing of loss 69 million Baht from Q2/2018’s profit of 7 million Baht. One reason for net loss is because of the work overload and shortage of skilled workers which started in Q1/2019 but with
Company focused on marketing activities and new product launch, such as, Tempura Seaweed Salted Egg and Tinten Seasoned Squid Salted Egg, thereby causing the Company’s market share to reach more than 70
investments in new product launch, e.g., “Tin Ten” seasoned squid with salted egg and “Hinoya” Curry Shop, and as such, the expenses relative to sales during the product launch would be higher than usual. The
billion) of income, an 11.7 percent increase from 2016. The main driver of tourism income was spending by Chinese tourists. Meanwhile, global financial markets experienced occasional volatility amid
-functioned accounting department, equipped with competent staff, as well as a seasoned and independent audit committee to oversee the process. As the function that originates all types of the financial