Random RCBO Trip...What Next?

[mads]

Our accountant company is telling us that it is time to do the yearly audit. (our first time)

We have to pay a fee of 15.000 Thb to some auditor, someone not related to the accountant company.

We have gotten a email from the company telling us that the accountant company will not sign our papers

if we do not use the company they have referred. Is this normal procedure ?

[necronx99]

Not in the normal business world, no.

[Stef]

Our small company has an accountant. Every year, our accounting has to be checked and signed off by an independent auditor. We only pay 10,000 Bahts a year but the amount may depend on the size and turnover of the company.

Hope this helps.

[givenall]

This is normal practice over here. What anyone offers you to do anything for a cost is always higher than what it should be since they always add a bit of commission to the cost for themselves. So if you have a Thai partner, do yourself a favor and do some searching yourself. Find an auditor yourself to do it for less