Page 21 - Introduction to Investment Laws in Thailand

The State Audit Commission consists of seven commissioners
appointed by the King upon the advice of the Senate from the person
selected by the selection committee. The term is seven years and is limited
to one term only. The State Audit Commission has the power to set the state
audit policy, prescribe standard rules, and oversee the state audit
compliance. It is entitled to give advice on the spending of state funds and
to order an administrative penalty in case of violation of the law on the
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financial and fiscal discipline of the state .

1.1.2 Sources of Thai Law

The main sources of Thai law are the Constitution, Codes (codified
laws), Acts, Emergency Decrees, administrative regulations, and
international treaties.

1.1.2.1 The Constitution

The Constitution is the supreme law of the country. It provides the
powers for the King, the National Assembly, the Council of Ministers, the
Courts, and Constitutional Organs. The Constitution also includes
provisions outlining the people's rights, liberties, and duties and
enumerates directive principles of fundamental state policies.

1.1.2.2 Codes and Acts

Acts are laws adopted by the National Assembly, with the
approval of the King.
As a civil law tradition, fundamental laws in Thailand have been
codified into codes: the Civil and Commercial Code, the Penal Code, the
Civil Procedure Code, the Criminal Procedure Code, the Taxation Code,
and the Land Code.

1.1.2.3 Emergency Decrees
The King may, with the approval of the Council of Ministers, issue
Emergency Decrees having the force of law to maintain national or public

18 The 2017 Constitution, Section 240

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