Bangkok--6 Nov--SEC
The SEC is seeking public comment on proposed approval revision of approval criteria for auditors in the capital market to be more applicable in practicale. The proposed revisions include auditor apparent experienced qualifications in relation to experiencesof auditors, and prescription of penaltiesintroduction of new measures and sanctions applicable to relative to levelsdegrees of mistakes misconduct ranging from moderate minor level to serious mistake. In addition, the approval criteria for approved auditors of for SMEs business haves been proposed drafted in response to theto groom a growing number of potential SMEs with potential to become listed onin the Stock Exchange of Thailand.capital markets In this regard, most of the criteria. The proposed principles have been remain in line with the rules of generalapproval criteria forapproved auditors in the capital market but relaxing somecertain qualifications will be relaxed such as job title, audit experience and of auditing, experience in givingof signing and commenting opinion foron financial reportsstatements.
Two The consultation papers for draft rules isare available on www.sec.or.th. Stakeholders and interested parties are welcome to submit comments through the website, or facsimile number at 0-2263-6479 or email address at
[email protected] until November 18, 2014.