Efficiency of Internal Control and Performance in Accounting Affecting the Quality of Financial Reporting in Bangkok Metropolitan

Abstract

This study aimed to study 1) the effectiveness of internal control affects the quality of financial reports of accountants in Bangkok and its vicinity, and 2) the effectiveness of financial and accounting operations affects the quality of financial reports of accountants in Bangkok and its vicinity. This research was a quantitative research. The sample consisted of 349 accountants in Bangkok and its vicinity using a questionnaire. The methods used to analyze the data were frequency, percentage, mean, standard deviation, and multiple regression analysis.

The results of the study found that 1) the overall efficiency of internal control was at a high level, ranked from highest to lowest as follows: control environment was the highest, followed by risk assessment and control activities, and 2) the overall efficiency of financial and accounting operations was at a high level, ranked from highest to lowest as follows: timeliness was at the highest level, followed by accuracy and completeness of financial reports, while the overall quality of financial reports was considered high. The results of the hypothesis testing were: the efficiency of internal control, control environment, and information and communication had a positive effect on the quality of financial reports of accountants in the Bangkok and surrounding areas in terms of understandability, relevance to decision-making, reliability, and comparability, with statistical significance; and the efficiency of financial and accounting operations, in terms of accuracy, timeliness, had a positive effect on the quality of financial reports of accountants in the Bangkok and surrounding areas in terms of understandability, relevance to decision-making, reliability, and comparability, with statistical significance at the 0.05 level.