Engagement
Regulatory reporting application audit
A full financial audit of one regulatory reporting application — from source extracts through worksheets, approvals, and the final pack submitted to the supervisor.
Who this engagement is for
Finance and regulatory reporting teams who need an independent financial audit of a specific regulatory reporting application before or shortly after a major filing. Typical subjects include Bank of Thailand returns, capital and liquidity packs, insurance statutory schedules, and cross-border group reporting packs that feed a Thai legal entity.
Result you can expect
A signed management letter and working-paper summary that state whether the application under review was prepared on a supportable basis, where exceptions sit, and which items should be cleared before the next cycle. We do not rewrite your return for you; we examine how it was built and whether the evidence holds.
Scope included
- Scoping workshop to fix the return name, period, template version, and materiality approach
- Walkthrough of preparers, reviewers, and system extracts that feed the application
- Sample testing of line items to ledgers, sub-ledgers, or product reports
- Review of reconciling items, manual adjustments, and late overlays
- Assessment of sign-off evidence and retention of supporting files
- Closing meeting with reporting and finance owners
- Written management letter with ranked findings
Scope excluded
- Full statutory financial statement audit of the entity
- Design or coding of reporting software
- Lobbying or direct representation before the supervisor
- Continuous monitoring retainers (available only as a separate arrangement)
Provider and process
Engagements are led by a Bangkok-based audit partner with support from seniors experienced in regulatory returns. Fieldwork mixes on-site sessions at your office with a controlled document room for packs and extracts.
- Brief — You share the prior return, open findings, and calendar.
- Plan — We agree samples, locations, and access to preparers.
- Fieldwork — Testing runs against the live or locked pack for the period under review.
- Report — Draft findings for factual accuracy, then final letter.
Duration and location
Most single-application audits complete in four to eight weeks, depending on the number of schedules and how quickly extracts arrive. Kick-off meetings are held at Level 12, 39 Ratchadaphisek Road, Din Daeng, Bangkok 10400 or at your reporting floor.
Preparation we need from you
- Named contacts for finance, reporting, and IT extract owners
- Prior period application and supervisor queries, if any
- Access to worksheets, reconciliations, and approval logs
- Clarity on which legal entity and consolidation perimeter apply
Pricing basis
Quoted as a fixed fee after scoping. Fees reflect schedule count, manual adjustment volume, and whether multiple branches feed the same application. See the fees page for starting ranges.
Next step
Send an audit brief with the return name and next filing date. We respond within two business days with scoping questions or a proposed start week.