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Accounting and auditing are key components of business operations in Thailand, with strict regulations in place to ensure transparency and accuracy in financial reporting. The laws governing accounting and auditing practices in Thailand are designed to protect investors, shareholders, and the public interest.
You may need a lawyer specializing in Accounting & Auditing in Thailand for various reasons, such as resolving disputes related to financial statements, compliance with regulatory requirements, handling tax issues, or representing you in audit-related investigations.
Thailand's accounting and auditing regulations are primarily governed by the Civil and Commercial Code, the Accounting Act, the Auditor Act, and the Revenue Code. These laws mandate the preparation of financial statements in accordance with Thai Financial Reporting Standards and require businesses to undergo annual audits by licensed auditors.
A: Yes, businesses in Thailand are required to appoint a licensed auditor to conduct an annual audit of their financial statements.
A: Non-compliance with accounting and auditing regulations in Thailand can result in fines, penalties, legal proceedings, and reputational damage for businesses.
A: A lawyer specializing in Accounting & Auditing can provide guidance on tax planning, compliance with tax laws, and representing you in tax disputes with the authorities.
For more information on accounting and auditing regulations in Thailand, you can refer to the Department of Business Development, the Federation of Accounting Professions, and the Office of the Auditor-General of Thailand.
If you require legal assistance with accounting and auditing matters in Thailand, it is recommended to seek advice from a qualified lawyer with expertise in this field. They can guide you through the complex regulatory framework and help you navigate any legal issues that may arise.