Audit and Assurance Services

• Statutory Financial Statement Audit - Giving legal advice prior to the incorporation in order to be in accordance with the prospective investment and business, considering contingent impacts against any type of entities e.g., company limited, public company limited, joint venture, consortium, branch office, region office or representative officer of foreign companies who wish to engage business in Thailand.
• Internal Audit - To evaluate a company’s internal controls, including its corporate governance and accounting processes. These audits ensure compliance with laws and regulations and help to maintain accurate and timely financial reporting and data collection. Internal audits also provide management with the tools necessary to attain operational efficiency by identifying problems and correcting lapses before they are discovered in an external audit.
• BOI Audit - To audit BOI operation to make sure that a company has complied with all conditions set out by the BOI in the year that they have profits and want to exercise the corporate income tax exemption right.
• Compliance Audit - A compliance audit is a review performed to ascertain an enterprise’s adherence to regulatory guidelines. Audit reports evaluate the strength and comprehensiveness of an organization’s compliance preparations, security policies, user access controls, and risk management procedures.
• Audit Reporting Package - While audits are conducted to satisfy Thailand's statutory requirements, review reporting packages (where required) is for the group's auditor to comply with group or parent company requirements for consolidation purposes. Reporting packages are often required to fit IFRS or US GAAP plus the country's accounting standards.

Our Audit and Assurance Approach

• Understand business
• Perform risk assessment & identify significant risk
• Determine audit strategy
• Determine planned audit approach

• Understand accounting & reporting activities
• Internal controls
• Evaluate design & implementation of selected controls
• Test operating effectiveness of selected controls
• Assess control risk & risk of material misstatement

• Plan substantive procedure
• Perform substantive test
• Obtain audit evidence that is sufficient and appropriate
• Conclude critical accounting matter

• Communicate significant audit findings
• Overall evaluation of financial statements & disclosures Form an audit opinion