Auditing Efficiency of the Certified Public Accountants in Thailand
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Published:
Jun 12, 2020
Keywords:
Auditors Work Success, Auditing Efficiency, Auditing Standards, Auditors Experience, Financial Reporting Standard Update
Main Article Content
Abstract
The purposes of this research were (1) to examine the impact of auditing standards, auditors experience and financial reporting standard update on audit efficiency of the certified public accountants in Thailand; and (2) to measure the influence of audit efficiency on the auditors work success of the
certified public accountants in Thailand. The research method was the mixed method applying both qualitative and quantitative approaches. The qualitative method was conducted by using in-depth interview while the data in quantitative method was collected by using questionnaires. The population in this study were 1,384 certified public accountants in Thailand. The sampling method was a multi-stage sampling technique. Data from questionnaires were analyzed by using Structural Equation Modeling (SEM) whereas the data from focus group interview was used to confirm the model. The results indicated that the auditing standards, auditors’ experience, and financial reporting standard update had direct effects to auditing efficiency at the 0.01 level statistically significance. The study also found that the auditing efficiency had direct effect to the auditors’ work success at the 0.01 level of statistically significance.
Article Details
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Research Articles
บทความที่ปรากฏในวารสารนี้ เป็นความรับผิดชอบของผู้เขียน ซึ่งสมาคมนักวิจัยไม่จำเป็นต้องเห็นด้วยเสมอไป การนำเสนอผลงานวิจัยและบทความในวารสารนี้ไปเผยแพร่สามารถกระทำได้ โดยระบุแหล่งอ้างอิงจาก "วารสารสมาคมนักวิจัย"
References
ชูศักดิ์ เพชรกระจ่าง. (2559). ภาวะผู้นำการเปลี่ยนแปลงเชิงจริยธรรม วัฒนธรรมองค์การ องค์การแห่งการเรียนรู้ และประสิทธิผลโรงเรียนสังกัดสำนักงานเขตพื้นที่การศึกษาประถมศึกษาในจังหวัดนครสวรรค์: การวิเคราะห์เส้นทาง.วารสารสมาคมนักวิจัย, 21(3): 62-74.
พิพัฒน์ นนทนาธรณ์ และ สุรมน ไทยเกษม. (2558). อิทธิพลของภาวะผู้นำที่รับผิดชอบต่อสังคมและพฤติกรรมการเป็นสมาชิกที่ดีขององค์การที่ส่งผลต่อการมีส่วนร่วมในกิจกรรมด้านความรับผิดชอบต่อสังคมของพนักงานธนาคารอาคารสงเคราะห์. วารสารสมาคมนักวิจัย, 20(3): 61-71.
สภาวิชาชีพบัญชี ในพระบรมราชูปถัมภ์. (2560). พระราชบัญญัติวิชาชีพบัญชี.กรุงเทพฯ: สภาวิชาชีพบัญชี ในพระบรมราชูปถัมภ์.
References
Alfraih, M.M. (2016). Accounting students’ perceptions of effective faculty attributes. Journal of International Education in Business, 9(2), 123-142.
Anderson. A. W. (2012). The Characteristics of a Successful Auditor. Anderson’s Audit Express.
Auemkajang Chusak. (2559). Leadership, Ethical Change, Learning Culture Organization and School Effectiveness of Primary education in Nakhon Sawan province. The Researchers Association of Thailand, 21(3): 62-74. (in Thai).
Berberich, G.P. (2005). The Effects of Audit Methodology and Audit Experience on the Development of Auditors? A doctoral thesis of the University of Waterloo, Ontario, Canada.
Berry, R. S. (1999). Collecting Data by In-depth Interviewing. Published PhD thesis: University of Exeter.
Bowling, G., Slovin, M.B, & Glascock, J.L. (2015). Firm size and the information content of bank loan announcements. Journal of Banking & Finance, 16(6), 1057-1071.
Brown, V. L. (2016). Audit quality indicators: perceptions of junior-level auditors. Managerial Auditing Journal, 31(8/9), 949-980.
Burke, (2007). Risk and management accounting: best practice guidelines for enterprise-wide internal control procedures (Vol. 2, No. 11). Elsevier.
Cahan, S. F. & Sun, J. (2015). The effect of audit experience on audit fees and audit quality. Journal of Accounting, Auditing & Finance, 30(1), 78-100.
Creswell, (2009). The application of mixed methods designs to trauma research. Journal of Traumatic Stress, 22(6), 612-621.
DeFond and Zhang, (2014). A review of archival auditing research. Journal of Accounting and Economics,58(2), 275-326.
DiGabriele, J. A. (2009). Implications of regulatory prescriptions and audit standards on the evolution of forensic accounting in the audit process. Journal of Applied Accounting Research, 10(2), 109-121.
Federation of Accounting Professions. (2016). Accounting Profession Act. Bangkok. Federation of Accounting Professions. (in Thai)
Fowler Jr, F. J. (2013). Survey Research Methods. Sage publications.
Gaballa, A. S. & Ning, Z. (2011). An analytical study of the effects of experience on the performance of the external auditor. In International Conference on Business and Economics Research (Vol. 1, pp. 169-173).
Glendinning. (2007). The perception of public sector auditors on performance audit in Malaysia: an exploratory study. Asian Review of Accounting, 24(1), 90-104.
Guthrie, 1987. (1987). A quarter of a century of performance auditing in the Australian federal public sector: A malleable masque. Abacus, 35(3), 302-332.
Habib, L.J.A., Parker, S. & Peters, G.F. (2014). Earnings management, litigation risk, and asymmetric audit fee responses. Auditing: A journal of Practice & theory, 25(1), 85-98.
Habib, A. & Azim, I. (2008). Corporate governance and the value-relevance of accounting information: Evidence from Australia. Accounting Research Journal, 21(2), 167-194.
Hossain, (2010). Corporate governance, legal environment, and auditor choice in emerging markets. Review of pacific basin financial markets and policies, 13(01), 91-126.
Judge, T. A, Hodge, F.D. (2001). Hyperlinking unaudited information to audited financial statements: Effects on investor judgments. The Accounting Review, 76(4), 675-691.
Kaplan, R. & Norton, D. (2004). Converting Intangible Assets into Tangible Outcomes. Published by Soundview Executive Book Summaries, P.O. Box 1053, Concordville, Pennsylvania 19331 USA.
Morgan, (2007). Audit report lags in the Belgian non-profit sector: an empirical analysis. Accounting and Business Research, 43(2), 138-158.
Nuntanatorn Pipat and Thaikasem Suramon. (2560). The influence of responsible leadership on society and good organizational membership behavior that influences participation in Social Responsibility of Government Housing Bank Employees. The Researchers Association of Thailand, 20(3): 61-71. (in Thai).
Ohiokha, F. I. & Akhalumeh, P. B. (2013). Auditing standards and auditors performance: The Nigerian experience. European Journal of Accounting Auditing and Finance Research, 1(1): 29-35.
Pendlebury and Shreim, (1990) UK auditors ‘attitudes to effectiveness auditing. Financial Accountability & Management, 6(3), 177-189.
Public Company Accounting Oversight Board (PCAOB). (2015), Concept Release on Audit Quality Indicators, PCAOB Release No. 2015-005, PCAOB, Washington, DC, available at: http://pcaobus.org/Rules/Rulemaking/Docket%20041/Release_2015_005.pdf
Rabiee, F. (2004). Focus-group interview and data analysis. Proceedings of the Nutrition Society, 63(04),655-660.
Richards, G., & van Staden, C. (2015). The readability impact of international financial reporting standards. Pacific Accounting Review, 27(3), 282-303.
Shreim, (1990). UK auditors ‘attitudes to effectiveness auditing. Financial Accountability & Management,6(3), 177-189.
Tsalavoutas, I. & Dionysiou, D. (2014). Value relevance of IFRS mandatory disclosure requirements. Journal of Applied Accounting Research, 15(1), 22-42.
Vrentzou, E. (2016). The Global Financial Reporting Language. The Global Financial Reporting Language on May 2016.
Ziegenfuss, D. E. (2000). Developing an internal auditing department balanced scorecard. Managerial Auditing Journal, 15(1/2), 12-19.
พิพัฒน์ นนทนาธรณ์ และ สุรมน ไทยเกษม. (2558). อิทธิพลของภาวะผู้นำที่รับผิดชอบต่อสังคมและพฤติกรรมการเป็นสมาชิกที่ดีขององค์การที่ส่งผลต่อการมีส่วนร่วมในกิจกรรมด้านความรับผิดชอบต่อสังคมของพนักงานธนาคารอาคารสงเคราะห์. วารสารสมาคมนักวิจัย, 20(3): 61-71.
สภาวิชาชีพบัญชี ในพระบรมราชูปถัมภ์. (2560). พระราชบัญญัติวิชาชีพบัญชี.กรุงเทพฯ: สภาวิชาชีพบัญชี ในพระบรมราชูปถัมภ์.
References
Alfraih, M.M. (2016). Accounting students’ perceptions of effective faculty attributes. Journal of International Education in Business, 9(2), 123-142.
Anderson. A. W. (2012). The Characteristics of a Successful Auditor. Anderson’s Audit Express.
Auemkajang Chusak. (2559). Leadership, Ethical Change, Learning Culture Organization and School Effectiveness of Primary education in Nakhon Sawan province. The Researchers Association of Thailand, 21(3): 62-74. (in Thai).
Berberich, G.P. (2005). The Effects of Audit Methodology and Audit Experience on the Development of Auditors? A doctoral thesis of the University of Waterloo, Ontario, Canada.
Berry, R. S. (1999). Collecting Data by In-depth Interviewing. Published PhD thesis: University of Exeter.
Bowling, G., Slovin, M.B, & Glascock, J.L. (2015). Firm size and the information content of bank loan announcements. Journal of Banking & Finance, 16(6), 1057-1071.
Brown, V. L. (2016). Audit quality indicators: perceptions of junior-level auditors. Managerial Auditing Journal, 31(8/9), 949-980.
Burke, (2007). Risk and management accounting: best practice guidelines for enterprise-wide internal control procedures (Vol. 2, No. 11). Elsevier.
Cahan, S. F. & Sun, J. (2015). The effect of audit experience on audit fees and audit quality. Journal of Accounting, Auditing & Finance, 30(1), 78-100.
Creswell, (2009). The application of mixed methods designs to trauma research. Journal of Traumatic Stress, 22(6), 612-621.
DeFond and Zhang, (2014). A review of archival auditing research. Journal of Accounting and Economics,58(2), 275-326.
DiGabriele, J. A. (2009). Implications of regulatory prescriptions and audit standards on the evolution of forensic accounting in the audit process. Journal of Applied Accounting Research, 10(2), 109-121.
Federation of Accounting Professions. (2016). Accounting Profession Act. Bangkok. Federation of Accounting Professions. (in Thai)
Fowler Jr, F. J. (2013). Survey Research Methods. Sage publications.
Gaballa, A. S. & Ning, Z. (2011). An analytical study of the effects of experience on the performance of the external auditor. In International Conference on Business and Economics Research (Vol. 1, pp. 169-173).
Glendinning. (2007). The perception of public sector auditors on performance audit in Malaysia: an exploratory study. Asian Review of Accounting, 24(1), 90-104.
Guthrie, 1987. (1987). A quarter of a century of performance auditing in the Australian federal public sector: A malleable masque. Abacus, 35(3), 302-332.
Habib, L.J.A., Parker, S. & Peters, G.F. (2014). Earnings management, litigation risk, and asymmetric audit fee responses. Auditing: A journal of Practice & theory, 25(1), 85-98.
Habib, A. & Azim, I. (2008). Corporate governance and the value-relevance of accounting information: Evidence from Australia. Accounting Research Journal, 21(2), 167-194.
Hossain, (2010). Corporate governance, legal environment, and auditor choice in emerging markets. Review of pacific basin financial markets and policies, 13(01), 91-126.
Judge, T. A, Hodge, F.D. (2001). Hyperlinking unaudited information to audited financial statements: Effects on investor judgments. The Accounting Review, 76(4), 675-691.
Kaplan, R. & Norton, D. (2004). Converting Intangible Assets into Tangible Outcomes. Published by Soundview Executive Book Summaries, P.O. Box 1053, Concordville, Pennsylvania 19331 USA.
Morgan, (2007). Audit report lags in the Belgian non-profit sector: an empirical analysis. Accounting and Business Research, 43(2), 138-158.
Nuntanatorn Pipat and Thaikasem Suramon. (2560). The influence of responsible leadership on society and good organizational membership behavior that influences participation in Social Responsibility of Government Housing Bank Employees. The Researchers Association of Thailand, 20(3): 61-71. (in Thai).
Ohiokha, F. I. & Akhalumeh, P. B. (2013). Auditing standards and auditors performance: The Nigerian experience. European Journal of Accounting Auditing and Finance Research, 1(1): 29-35.
Pendlebury and Shreim, (1990) UK auditors ‘attitudes to effectiveness auditing. Financial Accountability & Management, 6(3), 177-189.
Public Company Accounting Oversight Board (PCAOB). (2015), Concept Release on Audit Quality Indicators, PCAOB Release No. 2015-005, PCAOB, Washington, DC, available at: http://pcaobus.org/Rules/Rulemaking/Docket%20041/Release_2015_005.pdf
Rabiee, F. (2004). Focus-group interview and data analysis. Proceedings of the Nutrition Society, 63(04),655-660.
Richards, G., & van Staden, C. (2015). The readability impact of international financial reporting standards. Pacific Accounting Review, 27(3), 282-303.
Shreim, (1990). UK auditors ‘attitudes to effectiveness auditing. Financial Accountability & Management,6(3), 177-189.
Tsalavoutas, I. & Dionysiou, D. (2014). Value relevance of IFRS mandatory disclosure requirements. Journal of Applied Accounting Research, 15(1), 22-42.
Vrentzou, E. (2016). The Global Financial Reporting Language. The Global Financial Reporting Language on May 2016.
Ziegenfuss, D. E. (2000). Developing an internal auditing department balanced scorecard. Managerial Auditing Journal, 15(1/2), 12-19.