Funding source of oversight body The Audit Oversight Board collects the following fees: 5,000 Malaysian ringgit for registration of an individual auditor as a registered auditor The SEC start-up fund was provided by the 5,000 Malaysian ringgit for an existing Ministry of Finance and the Bank of Thailand. Statutory fees payable under the registered individual auditor who wish Acts administered by ACRA Ongoing operations are funded through a levy to continue to be registered with Audit (including filing and registration fees State Budget Oversight Boardin the current year on market participants, mainly the Stock for business entities and from Exchange of Thailand, listed companies, market 5,000 Malaysian ringgit for the provision of information services intermediaries i.e. brokers and and application for recognition of a foreign related to such entities) asset management companies. audit firm as a recognized auditor Capital expenditure and all other operational costs of Audit Oversight Board including the cost of inspections are funded by the SC. Scope of coverage of inspections (auditors of PIEs only, all auditors, other) Auditors of securities issuers and entities under SEC supervision (listed companies, market All Auditors of PIEs and schedule funds All intermediaries, asset management companies, and collective investment schemes)
Funding source of oversight body State Budget The Audit Oversight Board collects the following fees: 5,000 Malaysian ringgit for registration of an individual auditor as a registered auditor 5,000 Malaysian ringgit for an existing registered individual auditor who wish to continue to be registered with Audit Oversight Boardin the current year 5,000 Malaysian ringgit for the application for recognition of a foreign audit firm as a recognized auditor Capital expenditure and all other operational costs of Audit Oversight Board including the cost of inspections are funded by the SC. Statutory fees payable under the Acts administered by ACRA (including filing and registration fees for business entities and from provision of information services related to such entities) The SEC start-up fund was provided by the Ministry of Finance and the Bank of Thailand. Ongoing operations are funded through a levy on market participants, mainly the Stock Exchange of Thailand, listed companies, market intermediaries i.e. brokers and and asset management companies. Scope of coverage of inspections (auditors of PIEs only, all auditors, other) All Auditors of PIEs and schedule funds All Auditors of securities issuers and entities under SEC supervision (listed companies, market intermediaries, asset management companies, and collective investment schemes)
120118-REVISED-change-to-PUBLIC-Philippines-ROSC-AA-FINAL.docx