complicated, and for the most part the existing laws do not cover all new ways of committing an offense in the capital market. Legal provisions applied to some cases are unclear and open to interpretation

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

have been found to impact trading behavior, political power was found to influence trading in Bonaparte and Kumar (2012) and New Year effect was found to explain behavior in Doran, Jiang, and Peterson

volatility, after losses, results in ex-post good outcomes?  Unclear why the difference in individuals’ risk-aversion level should have an impact on the empirical results of realization effect?  Compare with

spent insufficient time to review each work paper when compare with the total time spent on reviewing the whole engagement. Furthermore, there was unclear policy and procedure regarding file archiving

in the audit firm who has an influence on the applicant’s giving of opinions, including the spouse and minor children, of the person with equivalent authority, of other partners or equivalent, of other

an influence on the applicant’s giving of opinions, including the spouse and minor children, of the person with equivalent authority, of other partners or equivalent, of other licensed CPAs or of

efficient allocation of resources. It focuses on the quality and consistency the different elements of regulations that influence corporate governance practices and the division of responsibilities between

real estate project. The IPO offer price was also mentioned in the interview, but not provided in the registration statement and draft prospectus even though such material information could influence

Auditing - Report on the Observance of Standards and Codes (AA-ROSC) which mainly focuses on the strengths and weaknesses of the accounting and auditing environment that influence the quality of corporate