Legal Measures for Controlling the Profession Ethics of Auditors of a Liste Company

Abstract

This purpose of this research is to study problems of control of professional ethic of auditos by studying and comparing the laws for controlling profession of auditors and professional ethic of auditos in Thailand and overseas in order to find the appropriate way or measure for the control of prefessional ethic of auditors and to be an ethic guideline for accounting prefessionals.

This thesis is a qualitative research and documentary research by collecting related information and documents to study, compoile and systematically analyze to find a summmary of the research. The result of study indicates that the current stipulations and laws, still, can not reduce the transparency of the auditor. The researcher suggests Public Company Accounting Oversight Board (PCAOB) is established to control, check and set the auditing standard of auditors, the appropriate accounting standard for the operation of listed company, stipulating the appripriate regulation for auditors, and to make investigation and disciplinary actions againsst auditors who violate the ethic profession, and to asses and set the auditing fee of the auditors by taking into account of the auditing operation, difficulty or complexity of financial reports. the said Board should perform its duty directly under the Securities and Exchange Commission. For others, it is suggested not to limit the nationality of accounting professionals for supporting of freely mobility of accounting business in ASEAN and it is also suggested that the required Continuing Professional Education (CPE) hours should be increased.