units responsible for the internal audit. - Review the risk assessment and risk management systems to oversee that they are appropriate, adequate and efficient. - Review business operating procedures to
has carried out various undertakings in preserving the trustworthiness of financial reporting system and protecting investors. With respect to audit quality inspection, the results showed that in the 3
audit firms were also conducted. For example, (1) succession plan and retention plan, (2) maintenance of independence of audit firms and auditors, (3) assessment on readiness of accounting personnel, (4
fortify the firm’s quality control system. The SEC believes improvements on the following issues would further strengthen this element of the firm-level quality control. 13 Risk assessment during client
120,000,000 2.95 3. Approved the adjustment to increase the base price for divestment of some certain assets of the Company to be in accordance with the new assessment value as adjusted by the asset appraiser
clients’ management, especially in terms of their trustworthiness; Insufficient documentation of detailed responses to the engagement risk assessments before accepting new clients; and Issuance of
financial reports of listed companies The quality and reliability of listed companies’ financial reports play a pivotal role in supporting transparency and trustworthiness of the Thai capital market. To that
established policy for setting provision or allowance for doubtful debts which is based on the analysis of accounts receivable aging and assessment of past debt collection experience. Accordingly, the Corporate