SAI Mandate for financial audit

• For the state owned enterprise, we have to audit under Thai Standard on auditing that translated from ISA. (Follow ORGANIC ACT).

• For government agency, we concentrate on receipt and pay follow the budget, comply with law and regulations.

GUIDELINE

• Manual for auditing local government.• Draft for auditing State owned enterprise

manual (waiting for announcement).• Thai Standard on auditing.

Financial Reporting Framework

• Government agencies – government accounting standard issued by comptroller department, ministry of finance.

• State owned enterprises - Thai Financial reporting standard (announced by Thai Federation of Accounting Professions)