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

earnings im- pact from the seasonal maintenances. Figure 1: IVL Quarterly Core EBITDA (LTM) The steady improvement seen in core earnings follows on from IVL’s strategy of prudent invest- ments in the higher

305.6 338.1 10.6% (4.5%) 657.2 643.7 (2.1%) * Extraordinary items from non-operating, consists of unrealised gain(loss) on exchange rate of receivable under finance lease agreement, gain(loss) on forward

of receivable under finance lease agreement, gain on forward contracts and insurance claim. Change Consolidated financial statements Financial Performance of the Group 2 Sales and service income for

, consists of unrealised gain on exchange rate of receivable under finance lease agreement, gain on forward contracts and insurance claim. Change QoQ Consolidated financial statements Change YOY Financial

Quantitative methods in accounting research A String of Earnings Increases, Future Earnings Uncertainty, and Firm Fundamentals Sarayut Rueangsuwan Kasetsart University SEC Working Papers Forum 19th

under finance lease agreement, gain(loss) on forward contracts, income from insurance claim and gain from business acquisition. Q1-2021 Q1-2020 THB Mn THB Mn THB Mn % Net profit 360.3 593.5 (233.2) (39.3

) on exchange rate of receivable under finance lease agreement, gain(loss) on forward contracts and insurance claim. Change Consolidated financial statements Financial Performance of the Group 2 Sales

% * Extraordinary items from non-operating, consists of unrealised gain(loss) on exchange rate of receivable under finance lease agreement, gain(loss) on forward contracts, insurance claim and gain from business

exchange rate of receivable under finance lease agreement, gain(loss) on forward contracts, insurance claim and gain from business acquisition. Change QoQ Consolidated financial statements Change YoY 2