OPINION OF THE CERTIFIED PUBLIC ACCOUNTANT ON THE FINANCIAL STATEMENTS OF THAI LISTED COMPANIES

Abstract

The purpose of this research was to study the opinions of certified public accountants as stated on the financial statements of Thai listed companies. This research surveys auditor's reports disclosed in the Company's Annual Reports for the year 2016-2018 of 678 companies in eight industry groups. The results showed that; the auditor has the most unqualified opinion. The second is qualified opinion and disclaimer, respectively. In all 3 years, the auditors did not give any adverse opinions regarding the accuracy of the financial statements. When identifying industry groups, the auditor's qualified opinion on the financial statements, for all 3 years, was mainly found at the industrials group, property & construction group, and services group. The auditor’s use of a disclaimer on the financial statements was also mainly found at the industrials group, property & construction group, and services group. The auditor’s opinion contained a disclaimer when he could not find sufficient and appropriate auditing evidence to provide an opinion on the consolidated and separate financial statements, and if the company was involved in litigation.