Companies incorporated in Thailand are required to submit statutory audited financial statements to the Ministry of Commerce. Statutory audited financial statements are a key component of the company's corporate tax return (submitted to the Thailand Revenue Department) within five months after the company's year-end.
Statutory audits can be performed by any licensed certified public accountant in Thailand, but companies should follow due care when choosing auditors.
Baker Tilly Audit goes beyond the traditional audit by ensuring international standards are met. We do not produce mechanical statutory audits. Baker Tilly audits are performed to ensure the Managing Directors and Board can satisfy corporate governance requirements by fully understanding how their accounting staff present the company's records.