Trend and Prospects of Mergers & Acquisitions in Thailand: Opportunities and Challenges for Investors

Lela Ismawati — 2025-12-08

Purpose: The study uses a qualitative approach, analyzing secondary data from government publications, financial databases, policy documents, and M&A case studies from the past decade. The data was analyzed thematically to identify consistent patterns across industries and investor segments.

Method: To achieve this aim, the study adopts a qualitative approach, utilizing secondary data derived from government publications, financial databases, policy documents, and recorded M&A case studies from the past ten years. Data were analyzed through thematic interpretation to identify consistent patterns across industries and investor segments.

Findings: The findings show that energy, finance, real estate, and digital industries lead M&A activity in Thailand. Foreign investors, particularly from Japan, China, and Singapore, play a key role, driven by ASEAN integration and pro-investment policies. Nevertheless, issues regarding regulation and licensing, as well as post-merger integration obstacles, continue to be significant challenges.

Implication: This discovery indicates that Thailand has strong potential as a regional M&A hub, supported by digitalization and post-pandemic changes. Regulatory adjustments are made to demonstrate ownership are expected to increase investor confidence. In addition, companies engaging in M&A must adapt to existing regulatory and cultural barriers.

Originality: Focusing on Thailand rather than the broader ASEAN context is the originality of this article. By incorporating sectoral trends and regulatory analysis, this study is expected to provide a clearer and more easily understood perspective for both investors and policymakers, as well as academics seeking insights into the ever-growing M&A landscape in Thailand.

Evaluasi Penerapan Prosedur Audit Persediaan terhadap Kesesuaian Standar Audit 501: Studi Empiris pada Kantor Akuntan Publik MNR

Astrid Tri Safira Handayani — 2025-12-09

Purpose: This study aims to analyze the implementation of inventory audit procedures at MNR Public Accounting Firm (KAP) and evaluate their compliance with Auditing Standard (SA) 501.

Method: The research uses a descriptive qualitative approach through primary data collection via interviews and observations, supported by secondary data consisting of audit standards and relevant literature.

Findings: The results show that MNR Public Accounting Firm has implemented systematic inventory audit procedures, including physical observation, examination of the final inventory list, verification of consignment stock, cut-off reconciliation, review of damaged goods, analytical procedures, and evaluation of subsequent events. All procedures are aligned with the requirements of SA 501, indicating compliance with professional public accounting standards.

Implications: This study highlights the practical application of SA 501 in inventory audits and may serve as a reference to enhance audit quality in future financial statement audit practices.

Originality: This research provides empirical insight into real audit practices within a public accounting firm, specifically focusing on inventory audits and their conformity with SA 501.

Sustainable Business Accounting and Management Review

Trend and Prospects of Mergers & Acquisitions in Thailand: Opportunities and Challenges for Investors

Evaluasi Penerapan Prosedur Audit Persediaan terhadap Kesesuaian Standar Audit 501: Studi Empiris pada Kantor Akuntan Publik MNR