THE PROFESSIONAL COMPETENCIES OF THAI ACCOUNTANTS UNDER INTERNATIONAL EDUCATION STANDARDS FOR PROFESSIONAL ACCOUNTANTS

Abstract

    To giving importance in roles and duties of competence for accountants within an organization, who are considered as important personnel to drive the business and operations including; data collection, analysis, classification, summarization, and reporting of accounting information which caused trust and supports financial participation efficiently and securely to governments and private sectors. According to an accounting, it holds an important position and complex data within every organization. It is necessary to establish a well-structure accounting process and accounting law. And this process should offer the business’s operational results and financial status. Therefore, being a professional accountant with appropriate professional competencies in Thailand, it is important to follow the International Education Standards for Professional Accountants (IES3). The concept of professional competence is divided into five categories: 1) Intellectual Competency, 2) Academic Competency, Practical and Job Performance Competency, 3) Individual Competency, 4) Interpersonal and Communication Skills Competency, and 5) Organization and Business Management Competency for accounting business profession in Thailand. For professional development aimed at elevating the quality of personnel with high potential, enabling them to work in accordance with international standards, fostering stability in professional practice, and contributing to the long-term efficiency progress of both organizations and the country even expand internationally.