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Annual Audit in Thailand

Every company registered in Thailand must have its annual financial statements audited by a licensed Thai auditor and filed with the authorities, regardless of size or activity. True Bizz prepares the accounts and coordinates the statutory audit in Bangkok.

Annual Audit in Thailand

What is an annual audit?

The annual audit must be conducted by an independent certified public accountant; companies are not allowed to conduct their audits. Once the audit is completed, it must be signed by the company's director, approved by the shareholders, and filed with the DBD and the tax office.

Audit package

Our annual audit package includes

We provide a comprehensive audit package that covers all the requirements for your company's annual compliance.

  • Authentication of signature and other ID such as passports
  • Authentication and certification of the execution of documents intended for international use
  • Witnessing contracts and other related documents
  • Certification of translations
  • Verification of documents
  • Power of attorney
  • Legalisation of documents
  • Notarial certifications
Our annual audit package includes
Required documents.
Required documents

Required documents.

  • Income and expenses for the year (the government receipts plus the form PND 1, 3, 53; PP 30, 36; Por Tor 40, and Social Fund for Jan - Dec)
  • Bank statement for every corporate bank account (current, saving account)
  • Inventory (if any)
  • Stock Cards (if any)
  • Lease agreement
  • A copy of any title deeds the company might have acquired when purchasing land
  • Annual Audit for the previous year (Financial Statement, Auditor Report, PND 50 including General Ledger, Trial Balance, and Assets Register)
  • Company seal
  • Half-Year Report (PND 51)

After the annual audit

Several requirements must be fulfilled after the signing of the audit report. The post-signature signing processes are also included uncovered our audit auditing package:

1

Draft Audit Report

Once the audit has been completed, we will send you a copy to be checked and signed by a director of your company.

2

Prepare for tax payment

If you have any taxes to pay, we will inform you. Once we have received payment from your company, we settle your levies with the tax office.

3

Post on newspaper & final audit report

After the auditor signs the audit report, the business must place an advertisement in a local newspaper, send formal notice to all shareholders, prepare minutes of the meeting, and comply with all formal requirements within 30 days.

FAQ

Frequently Asked Questions

Is an annual audit mandatory in Thailand?

Yes. All registered Thai companies must file audited financial statements every year, even if dormant or with no revenue.

Who can audit a Thai company?

Only a Certified Public Accountant licensed in Thailand. We work with licensed auditors and prepare the financials for them.

What are the filing deadlines?

Audited statements are generally filed within set periods after the financial year-end, alongside the corporate tax return. We track and meet the deadlines.

Question Before You Begin?

Speak to our expert by scheduling a FREE CALL about annual audit services with True Bizz.