​In 2007, Thailand participated in the World Bank's country assessment program on Accounting and Auditing - Report on the Observance of Standards and Codes (AA-ROSC) which mainly focuses on the strengths and weaknesses of the accounting and auditing environment that influence the quality of corporate financial reporting.

Reports on the Observance of Standards and Codes (ROSC) is a joint World Bank and International Monetary Fund (IMF) initiative that helps member countries strengthen their financial systems by improving compliance with internationally recognized standards and codes. The recommendations contained in the report aim to build on the existing system, and offer the groundwork for a country action plan geared toward a strengthened infrastructure of corporate financial reporting in Thailand.

The full report is available at The World Bank.​