Audit fees are unrelated to Thailand’s economy and likewise only loosely related to our clients’ revenues and profits. With respect to the latter, although your revenue grew by 35% and profit by 397% in 2014, compared to 2013, since the nature of the growth meant that there was no significant change in the time spent on the audit, we maintained the fee at Baht 450,000.
We would like you to understand that the basis of our fees is simply time spent and the cost of our staff (reflected in our hourly charge out rates).