We would like to clarify that we can only extend the audit schedule to 18-22 April 2016. Therefore we will need to obtain the pending supporting documents before or during 18-22 April 2016. In addition, we have to send bank confirmation and legal confirmation requests and receive confirmations dated within April 2016, if we are going to be able to conclude the financial statements within April 2016.
If the Company is unable to provide the documents in time, our next available time will be after the quarterly review (after 15 May 2016), which would mean the financial statements would probably not be submitted within the deadlines for submission of tax returns (Revenue Department) and audited financial statements (Ministry of Commerce) which are both on 31 May 2016.
Both the Revenue Department and the Commerce Ministry impose certain penalties for late submission, with the Revenue Department levying a fine of Baht 2,000, plus a surcharge of 1.5% per month on the amount overdue, and the Ministry of Commerce imposing a fine of not more than Baht 50,000, and requiring a letter explaining the reason for the late submission of financial statements.
Please let us know when you are ready to provide the required supporting documents listed in e-mail below. Note that all of these pending documents are significant to the Company's financial statements and without them we would need to qualify or disclaim an audit opinion on the Company's financial statements.