Financial statements are documents that outline a company's performance and financial health in Thailand. They are a crucial resource for stakeholders to use when making choices concerning loans, investments, and other financial dealings. The balance sheet, income statement, and cash flow statement are the three primary forms of financial statements in Thailand.
Accounting & Legal in Thailand
The process of presenting financial information to external stakeholders, including as investors, creditors, and regulators, is known as financial reporting. International accounting standards have been designed to guarantee that financial information is similar and uniform across various nations.
For maintaining precise financial records and guaranteeing compliance with legal and regulatory obligations, Thai accounting procedures for audits and internal controls are crucial. The relevance of internal controls, the function of auditing, and the main rules that oversee Thai accounting procedures will all be covered in this article's discussion of Thai accounting practices for auditing and internal controls.
