Panwa Accounting and Auditing - Thailand ,
Bangkok and Phuket

Special audit purpose

Our team of flexible and experienced auditors and accountants perform both internal and external audit. We provide special purpose audits in areas of special concern such as acquisition, tax refund and other special cases. We will provide independent advice and support to clients undertaking merger and acquisitions, refinancing, restructuring, joint ventures or other forms of strategic business commitment and transactions.

In an acquisition case, we will focus on the business process or operation, contracting and revenue or profit recognition. On this process, we will be able to determine the risk that policies and business activities are not properly maintained in the system resulting in the profit that inaccurately presented in the financial statements. However, we will also consider the controls on how to avoid those associated risks.

The acquisition of business process includes the following sub-processes:

This document can be used as a general guide to understand and review the process. Organizations should continuously update and monitor the processes included in this document to ensure that it reflects business operations. A sample of organization chart is also included to describe your company’s organization structure. Our team is experienced and will not only find financial discrepancies but also the occurrence of any financial fraud. After a careful analysis, we can provide guidelines and regulations on how to prevent fraud in your company.

We are also expert in assisting clients to understand the tax implications on every transaction of the business and identify clear and accurate solutions to distinguish adverse tax implications or to optimize taxation. We are also experienced in tax investigations and tax refund claims, concerning value added tax, withholding tax and permanent establishment tax audits in relation to the Revenue Department. We know how to discover overpaid taxes, build a case for your refund, compile evidence, and file the necessary documents with the governing body.
We will audit and develop an audit strategy to match your company operations. We’ll work and handle all correspondence from the taxing agency, while you operate your business conveniently. During the auditing process, we will monitor all the necessary documents, present objections and suggesting necessary adjustments. We will look forward for refund and credit opportunities.