SEC Audit in Thailand
Ensuring Transparency, Compliance & Investor Confidence
The Securities and Exchange Commission (Thailand) (SEC Thailand) regulates the country’s capital market to ensure fairness, transparency, and investor protection. All companies seeking to list on the Stock Exchange of Thailand (SET) or raise capital must comply with SEC audit requirements — a key step to demonstrate financial integrity and corporate accountability.
Why SEC Audit Matters to Business Owners & C-Level Executives
- Credibility and trust – A rigorous audit under the SEC regulatory framework signals to investors, lenders and stakeholders that your business is compliant and well governed.
- Regulatory compliance – For companies operating in or entering the Thai capital market (e.g., listing on SET, issuing securities, private funds), meeting SEC audit requirements is not optional. Failure may lead to regulatory sanctions. SEC Thailand+1
- Risk mitigation – The audit process surfaces internal-control weaknesses, potential transactions of concern (e.g., related-party deals) and ensures transparency—thereby reducing financial, operational and reputational risk.
- Strategic advantage in Thailand – For foreign-owned, multinational or Thai-based enterprises with emerging-market exposure, demonstrating SEC-compliant auditing gives competitive positioning in Thailand and Southeast Asia.
- Investor and market access – If you plan to raise capital, list on SET, or engage with institutional investors, an SEC audit—aligned with Thai Financial Reporting Standards (TFRS) and the regulatory regime—is a strong credential.
How to Get an SEC Audit Done: Quick Overview
Here’s a streamlined roadmap for business owners and C-suite executives operating in Thailand:
- Assess applicability – Determine whether your company falls under SEC jurisdiction (e.g., securities issuance, listed status, funds management).
- Select an approved auditor – Choose a licensed auditing firm recognised by the SEC and experienced in Thai capital-market reporting and SEC disclosure requirements.
- Prepare your documentation – Compile corporate governance records, financial statements (TFRS compliant), internal-control documentation, related-party transactions, disclosures, and SEC filings.
- Plan the audit scope and timeline – Agree with your auditor the audit plan: fieldwork dates, governance review, internal-control testing, transaction testing, disclosures review.
- Execute the audit – Auditor performs procedures (see next section). The audit team may interface with your Board, Audit Committee (if applicable), management and external advisors.
- Draft and review the audit report – The audit firm issues an audit opinion; management reviews findings; you address recommendations for remediation.
- Make regulatory disclosures – Submit the audited statements and any required SEC or SET disclosures (e.g., one-report, related-party disclosures). Sec Publishing+1
- Follow-up and continuous monitoring – Implement audit-findings remediation, strengthen internal controls, maintain compliance state for future years.
Why SEC Audit Matters
- Build investor trust: SEC audits validate the accuracy of financial statements and strengthen confidence among shareholders and investors.
- Compliance assurance: Avoid penalties and reputational risks by meeting SEC and Thai Financial Reporting Standards (TFRS) obligations.
- Corporate governance: Enhance internal control systems, transparency, and long-term business stability.
- Market readiness: Essential for IPO preparation, fundraising, or mergers and acquisitions in Thailand and across ASEAN.
How the SEC Audit Process Works
Preparation
Audit Execution
Reporting
Ongoing Compliance
SafeComs – Your Trusted Partner for SEC and IT Audits in Thailand
For over 20 years, SafeComs Network Security Consulting has helped Thai and international companies meet the highest compliance and governance standards.
Our certified experts combine deep cybersecurity, IT governance, and financial-control expertise to deliver end-to-end IT and SEC Audit readiness services — ensuring that your systems, data, and financial reporting meet both regulatory and security benchmarks.
Key Results
- Improved cybersecurity governance and alignment with SEC and PDPA standards
- Enhanced data protection policies, access management, and backup procedures
- Reduced critical vulnerabilities and improved patch management tracking
- Established clear incident response and disaster recovery frameworks
- Delivered a compliance roadmap with actionable, measurable milestones
Ready to Strengthen Your Business Compliance?
Let SafeComs guide your organization through every step of the SEC and IT audit journey.
Contact us today to schedule an initial compliance assessment.