Annual Audit & Financial Reporting Services in Phuket

Under Thai law, every registered legal entity—whether it is a Thai limited company, a foreign company operating in Thailand, or a registered partnership—is legally required to prepare and maintain proper accounting records, and submit audited financial statements (annual audit) to the relevant Thai authorities.

Audit services for Businesses in Thailand

Every business entity registered in Thailand—whether it’s a limited company, registered partnership, or even a foreign juristic entity operating in Thailand—is legally required to maintain accurate accounting records and undergo an annual audit.

Failing to comply with these requirements is not only a violation of Thai law, but also a criminal offence, which can lead to penalties of up to THB 200,000.

What many businesses may overlook is that the audit process involves far more than simply having a CPA sign off a report. It includes multiple stages of preparation, review, and official submission. That’s why it’s essential to choose an audit service provider that offers full transparency in pricing, covering the entire scope of the process—not just the final audit report.

At Prachya Accounting AEC, we believe in clear communication, fixed-cost pricing, and thorough support from start to finish.

Required Documents Before Auditing

✅ Income & expense summary for the full year (including PND 1, 3, 53; PP 30, 36; Por Tor 40; and Social Fund filings from Jan–Dec)
✅ Bank statements for all corporate accounts
✅ Inventory records & stock cards (if applicable)
✅ Lease/rental agreement
✅ Title deeds (if the company owns land)
✅ Last year’s audited reports:
(Financial Statement, Auditor’s Report, PND 50, General Ledger, Trial Balance, Fixed Assets Register)
✅ Company seal
✅ Half-year tax report (PND 51)
✅ DBD and Revenue Department username and password

📘 What happens after the audit report is signed?

Once your audit is complete, there are a few more steps to finalize your annual compliance. At Prachya Accounting AEC, our audit package includes full support for these post-audit processes:

✅ Step 1: Director review & signature

We will send the completed audit report to your company’s director for review and signing.

✅ Step 2: Tax settlement

If your company has taxes due, we’ll notify you. Upon receiving your payment (cheque or cash), we’ll handle submission to the Revenue Department on your behalf.

✅ Step 3: Shareholder formalities

Once the auditor signs the report, the company must:

- Publish a shareholder meeting notice in a local newspaper
- Send invitations to all shareholders (within 7 days)
- Prepare minutes of the meeting
- Complete all filings within 30 days of the auditor’s signature