Enhance policies and develop procedure manuals in order to improve the control environment in the organization.
Assist in reducing the cost in order to improve an organization’s competitiveness by applying the best business practices.
If you want to know about the Thai auditing standards in detail click https://www.konradlegal.com/blog/here-must-know-auditing-standards-thailand/
We provide audit service to both Thai companies and foreign companies in Thailand.
Statutory financial audits are done according to the Thai Financial Reporting Standards.
Be it a Thai limited company or a public limited company the financial statements must be submitted within a month from the general meeting date on which they were approved.
Internal auditors are a part of an organization and their objectives are determined by the professional standards, the management and the board. On the other hand, external auditors aren’t engaged by an organization, but they aren’t a part of it. As for their objectives, they are set by the statute and the board of directors.
The selection is done through a risk assessment process. However, there are many factors that affect the activities, functions or units and departments selected to be audited.
Well, the length of time varies significantly, depending on the complexity, size and strength of the organization’s internal controls. Since audit is a dynamic process, its scope can be extended or reduced based on the issues.
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