Detecting Corporate’s Earnings Manipulation in Thailand Corporate Governance Attributes and Audit Report Timeliness: Mediating Role of Corporate Disclosure and Transparency and Moderating Role of

SCB ASSET MANAGEMENT COMPANY LIMITED|Cross Investing Fund | Offering Date : 11/12/2019 - 17/12/2019

บริษัท หลักทรัพย์จัดการกองทุนไทยพาณิชย์ จำกัด|กองทุนรวมที่มีนโยบายเปิดให้มีการลงทุนในกองทุนรวมอื่นภายใต้ บลจ. เดียวกัน | วันที่เสนอขาย : 11/12/2562 - 17/12/2562

with age; and (2) impact of adjusting weight of risky assets in portfolio inversely to age, that is the weight of risky assets decreases with age.Findings suggested that adjustment of conservative

reported earnings objective - to avoid loss - to increases in annually earnings - to meet analysts’ earnings forecasts 4 Motivations to Manage Earnings Internal factors External factors Firm’s

1,935.37 1,900.75 Selling & Administrative Expense 127.87 130.49 Gain(loss) on machinery and equipment disposal (12.87) - Finance Costs 21.34 23.25 Net Profit (10.11) 125.97 Earnings per share (Baht) (0.025

remaining two segments, Integrated Oxides & Derivatives and Specialty Chemicals are expected to resume their earnings from unplanned shutdowns, except IPA which we believe will recover over the next 12-18

year. Unimit and its subsidiaries have contract revenues that amount to Baht 168 million in Q3/2019, which is a decrease of around Baht 164 million (49%) with a net loss of Baht 64 million; an increase

over 20% from the same period last year. Unimit and its subsidiaries have contract revenues that amount to Baht 888 million in 2019, which is an increase of around Baht 43 million (5%) with a net loss of