our expectations of each element for the second-cycle audit inspections, in response of the deficiencies found during the first cycle. It was obvious from the 2014 inspection results that the audit

, all specifications but equation (1) in this study use industry fixed effects to mitigate the potential time invariant effects. 20 the stage of the business cycle. Accordingly, the following equation is

. However, to mitigate such shortcomings requires time and much collaboration from all relevant parties before any positive results would start to emerge. In the third-cycle inspection of 2016 - 2018, the SEC

time and resources, to perform the engagements. According to the result of audit firms’ quality control systems inspection in this 3 inspection cycle, we found that most of the firms already improved its

Offeror : PRIME-TIME COMPANY LIMITED | Date of submission of the Statement of Intention : 01/11/2005

Offeror : PRIME-TIME COMPANY LIMITED | Date of submission of the Statement of Intention : 22/10/2007

landscape of the capital market. In 2019, the SEC initiated to revisit the whole legislative structure regarding the supervision of auditing professions in Thailand for the first time to enhance the

the firm have a partner or manager level individual who is responsible for its monitoring process? If yes, does the responsible person have sufficient and appropriate experience, authority, and time

recommendationto the remediation plan In general, the audit firms had remediated its deficiencies from previous inspection cycle as follows: The constraint on time and human resource in some of the audit firms

, the SEC adopted an online communication channel for the first time when organizing an educational event for stakeholders via Facebook Live, and issued relief measures to mitigate impacts of the COVID-19