Statutory Audits, Financial Statement Reviews & Group Reporting

At Kreston Thailand, we perform statutory audits and financial reviews required by Thai law while providing group reporting services that meet international standards.

A statutory audit is mandatory for companies registered in Thailand. We audit your annual financial statements to ensure they comply with:

• Thai Financial Reporting Standards (TFRS)
• Ministry of Commerce requirements
• Revenue Department rules

Our statutory audits:

• Confirm financial accuracy
• Validate tax filings
• Identify control deficiencies
• Help avoid penalties for non-compliance
• Provide independent assurance to shareholders, lenders, and regulators

We engage early to plan the audit efficiently, reduce disruption, and meet filing deadlines.

When a full audit isn’t required, a financial review offers limited assurance. We:

• Perform analytical procedures on financial data
• Conduct inquiries with management
• Assess plausibility of financial results

A review is ideal for:

• Internal management reporting
• Reporting to minority shareholders
• Satisfying investor or lender requirements

It provides an assurance level higher than compilation but less extensive than an audit—a cost-effective middle ground.

We assist multinational subsidiaries in Thailand in preparing group reporting packages under:

• IFRS
• US GAAP
• Parent company accounting policies

We reconcile Thai financials to group standards, coordinate with overseas auditors, and provide audit opinions aligned with consolidation requirements.

This ensures seamless reporting for your head office while maintaining local compliance.