Description
Many business owners wonder what an annual audit actually involves. In simple terms, it is an independent review of a company’s financial statements. If you are researching Audit Thailand, the short Q&A below may help.
Who needs an audit?
Most limited companies registered in Thailand must have their accounts reviewed by a licensed auditor each year.
What does the auditor check?
They look at financial records, supporting documents and internal controls to confirm the statements are fair and accurate.
When is it done?
Audits are usually completed after the financial year ends, before the annual filing deadline.
A clear audit also builds trust with banks, partners and authorities.
