not recalculate and test the reasonableness of standard costing used and did not review the accuracy of variances’ allocation. Example 11 : The variances between standard costs and actual costs were
environmental issues, for example, global warming, and degradation of natural resources, more severe nature disasters, social disparities, and corruption. Any one of these issues could bring about damage to
operating results changed over 20%, main variances are as follows: 1. Revenue from sales and services increase from the same period of previous year by Baht 782.9 million or 3,028% due to recognizing sales of
, largely representing main revenue contributor to INGRS. The variances of revenue by country for the 3-months period ended 30 April 2020 (“Q1 FY21) as compared to the 3-months period ended 30 April 2019 (Q1
of the financial statements. In addition, TIES neither compared the purchase and sale prices of the related party transactions to market prices, nor explained whether or not the price differences were
neither compared the purchase and sale prices of the related party transactions to market prices, nor explained whether or not the price differences were reasonable.Later, TIES requested for postponement of
study the information on differences in governing laws and rights along with country risk and foreign exchange risk.
prices of the related party transactions to market prices, nor explained whether or not the price differences were reasonable. The SEC thus instructed TIES to rectify the financial statements according to