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.

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Required Documents Before Auditing

Spreadsheet bank accounts accounting with calculator and magnifying glass.

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)

Tax deduction planning concept. Businessman calculating business balance prepare tax reduction. taxes paid by individuals and corporations such as VAT, income tax and property tax.

Bank statements for all corporate accounts

Business and finance professional consulting service

Inventory records & stock cards (if applicable)

Title deeds (if the company owns land)

Accounting team,

Last year’s audited reports: (Financial Statement, Auditor’s Report, PND 50, General Ledger, Trial Balance, Fixed Assets Register)

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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:
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Director review & signature

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

Businessman managing payroll system on a laptop, with floating icons representing financial management, salary payments, tax calculation, and digital payment solutions for business operations.

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.

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Shareholder formalities


- 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

 

Annual Audit Package

Enhance your financial strategy and drive growth with Prachya Accounting AEC's expert solutions tailored to your unique business needs.
accounting and financial strategy
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