The Board of Supervision of Auditing Practice grants practicing licenses to qualified auditors and the minimum requirements to qualify as certified public accountant in Thailand:
* Thai nationaliti or other approved to practice auditing.
* A bachelor's degree in accounting or related field,
* Practice the auditing profession for at least two years,
* Pass the written examination organized by the Board,
Accounting standard pronouncements are issued by the Institute of Certified Accountants and Auditors of Thailand (ICAAT). These pronouncements must be followed in the preparation of the financial statements and correlate very closely to International Accounting Standards and the United States "Generally Accepted Accounting Principles" (GAAP).