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SEC pubic hearing on draft amendment to auditor approval rules

Bangkok, April 12, 2016 The SEC is seeking public comments on a draft amendment to the rules governing approval of auditors in the capital market with the respect to the roles of the Auditing Advisory Committee, to further enhance supervisory independence in line with international standards, and to increase recognition from international audit organizations.
The proposed amendment aims to revise the required voting proportion – one of the integral parts of such rule - for the Auditing Advisory Committee to pass a resolution concerning consideration of deficient characteristics or behaviors of auditors.  
The Auditing Advisory Committee comprises both current audit practitioners and non-practitioners. Its major role is to render advice to the SEC regarding supervision and inspection of audit quality and auditors in response to the overall market ecosystem.   
The consultation paper is available at www.sec.or.th. Stakeholders and interested parties are welcome to submit comments through the website, or facsimile at 0-22636479 or email: waraporn@sec.or.th.      

The public hearing ends on May 11, 2016.

      More information http://capital.sec.or.th/webapp/phs/upload/phs1460361576hearing_16_2559.pdf