Today, we got a question from one of our accounting clients regarding audit.
We are not familiar with what procedures are needed to be done to finalize audited accounts. Could you kindly advise us?
Our sister company, MSN Audit Ltd., can provide you their audit service. It includes preparing the audited financials in Thai for filing with the authorities and in English for the management.
You need to hold an Annual General Meeting (AGM) to approve the audited financial statements within 4 month from the accounting year-end. And you need to file the audited financial statements with the Ministry of Commerce within 1 month after that. Also, the annual corporate income tax must be filed with the Revenue Department within 150 days from the accounting year-end. Because you hired Libra Accounting Ltd., as your accountant for the whole year, we will prepare the tax return and file those things for you complimentary.
MSNA Ltd., can help you prepare an AGM with the Minutes of Meeting, publishing the AGM notice in a local newspaper and also sending it by return registered mail to all the company shareholders.