Half of firms ‘below par’ | Bangkok Post: business

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Half of firms ‘below par’

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Half of the 26 audit firms accredited by the Securities and Exchange Commission (SEC) to audit listed companies’ financial statements passed the International Standard on Quality Control guideline with the lowest scores, according to the previous round of inspection through 2013. 

They have been urged by the SEC to merge to share resources and cut costs.

The 26 companies have a total of 150 auditors who are authorised to certify the balance sheets of nearly 600 companies listed on the Stock Exchange of Thailand and the Market for Alternative Investment.

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