Audit

The Audit practice provides financial audit services for both Thai companies and subsidiaries of international companies non-listed and listed on overseas stock markets. Our team comprises Thai qualified CPAs and draws upon the Mazars’ Thailand directors’ international experience and qualifications.

Our main areas of service are:

Statutory Financial Audits in accordance with Thai Financial Reporting Standards

Using Mazars’ global audit programmes and software designed to ensure acceptable audit risk as well as appropriate and complete audit procedures, our auditors in Thailand conduct an examination of accounting records in accordance with International and Thai generally accepted auditing standards. As a result of the audit, Mazars will often be able to provide value-added observations and recommendations, with a particular focus on improving internal controls.

Group Financial Audits in accordance with IFRS, US GAAP and other reporting frameworks

Mazars’ audit professionals are also able to perform Group reporting audits in accordance with IFRS, US GAAP and other reporting frameworks in order to ensure that the Group parent company and Group auditor receive reliable financial information that is prepared on a basis consistent with that of other Group companies.

Internal Audits

Mazars designs and runs internal audit programs in conjunction with company management in order to ensure that your business in Thailand has effective internal controls, that records are properly kept and, where applicable, that procedures are in accordance with corporate policy. Mazars also performs audits on management efficiency and on compliance with specific rules and regulations.

Information Technology Audits

Mazars recognises the increasing importance of IT in any successful business and our consultants provides a range of services to test, verify and ensure that your IT environment is supporting your businesses’ ambitions.

Forensic Audits and Risk Management

Finding wrong doing in your Company can be a difficult and challenging time, Mazars has experienced consultants ready to assist you with investigating such matters and recommending solutions to current issues and improvements to processes to minimise chances of re-occurrence. We can also provide pro-active advice on governance and controls structures to help minimise the risk of such occurences in advance.

Agreed-upon Procedures

The Mazars Thailand audit team has the experience and flexibility to perform a wide range of other ad-hoc assurance/attest engagements for both financial and non-financial information according to management’s determined scope.

Listed Company, Statutory, and Group Audits

The increase in demand for reliable financial information has put audit and assurance services in the spotlight in recent times. Here at Mazars, our main aim is to give our clients a clear insight into their corporate strategy, business processes and financial reports. We provide a range of audit, reporting, corporate governance and risk management services.

IT Audit Services

Few organisations can avoid the need to understand and manage technology related risks; whether these are from external sources such as the internet, or from sources within the organisation. Many organisations find it difficult to objectively assess and manage these risks.

Fraud Investigation and Forensic Services

Suspecting or discovering fraud can be one of the most challenging and difficult times for any company. At Mazars Thailand we have an experienced team able to perform a detailed investigation into the circumstances surrounding your situation. Through an holistic project execution approach we summarise the key findings our of investigation for further management action. If required, we also have a litigation team for the most serious of cases, where further legal action is required. For those who believe in strong preventative action, we offer fraud risk assessments reporting to management on best practice recommendations for implementation, monitoring and control of appropriate corporate anti-fraud programs.

Patrick de Cambourg’s interview

Aiming to improve the overall quality of financial reporting, the key measures featured in the Regulation and the Directive are beneficial for investors, audited companies and the audit profession. Such measures include reinforcing the role of Audit Committees, promoting auditors independence by better defining non-audit services, creating a more transparent and fair appointment procedure of auditors and introducing an audit firm rotation system that recognizes the benefits of joint audit.

Mazars welcomes the European Audit Reform

Launched in 2010, the legislative process of the European Audit Reform reached an end as the new Regulation and the amended Directive were voted in by the European Parliament on April 3rd, 2014.This reform was adopted after an intense and fruitful debate between all interested stakeholders and market players applying different legislations and market practices.

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