Audit & Assurance in Thailand
Independent audit of your annual financial statements, carried out under Thai Standards on Auditing, with clear communication at every stage.
AUDIT & ASSURANCE
A Structured Audit Process
Every Thai limited company must have its annual financial statements audited by a licensed auditor before they are approved and filed. Beyond meeting this requirement, a well-run audit gives shareholders, banks and investors confidence in your numbers and highlights where controls can be improved.
Who This Service Is For
✓ Private limited companies that need a statutory audit
✓ Companies seeking bank financing or new investors
✓ Subsidiaries reporting to a parent company overseas
✓ Owners who want practical feedback on internal controls
SCOPE OF SERVICE
What Our Audit Covers
Audit fees depend on the size and complexity of your business. Contact us for a quote.
Planning & Risk Assessment
Understanding your business and its key risks
Agreeing the timeline and the information we need
Identifying the main audit areas
Audit Fieldwork
Testing balances and transactions
Reviewing key estimates and disclosures
Bank and third-party confirmations where needed
Reporting
Independent auditor’s report on your financial statements
Discussion of findings with management
Internal control observations where relevant
Related Support
Guidance on preparing audit-ready records
Explanations of new or changed reporting requirements
Timing that fits your AGM, DBD and tax filings
How Our Audit Works
A structured process, agreed with you from the start.
1. Planning
We learn about your business, agree scope and timing, and send a list of the information we need.
2. Fieldwork
We test balances and transactions and raise questions with your team as they come up.
3. Reporting
We issue the auditor’s report and walk you through our findings and recommendations.
Frequently Asked Questions
Is an audit mandatory for my company?
Yes. A Thai private limited company must have its annual financial statements audited by a licensed auditor. Different rules apply to some small registered partnerships.
How long does an audit take?
It depends on the size of your business and how ready your records are. We agree a timeline during planning so your statements can be approved within four months of the year-end.
What should we prepare before the audit?
A closed trial balance and general ledger, bank statements and reconciliations, a fixed asset register, major contracts and supporting documents. Our article on preparing for an external audit includes a full checklist.
Can the same firm keep our books and audit them?
Professional independence rules restrict an auditor from preparing the financial statements it audits. We will explain the options that keep your audit independent.
Further reading: How to prepare your business for an external audit