Audit Officers’ Perspective on Quality of the Local Government Financial Reports in Regional Office of the Auditor General of Thailand

Abstract

          The objective of this research is to survey the quality of the local government financial reports. The financial reports are measured by adopting the qualitative of financial reporting of new conceptual framework for financial reporting, qualitative of financial statement of government agencies and relevance literature. The quality of financial statement has 7 dimensions including relevance, completeness, free from error, comparability, verifiability, timeliness, and understandability. The research participant is collected from 60 audit officer’s of regional office of the auditor general of Thailand by questionnaire. 

          The results of survey the quality of the local government financial reports showed that the quality of the government financial report in each item, the most level of quality were understandability, verifiability, relevance, completeness, free from error, comparability, and timeliness.

          The results reveal that local government should develop quality of the local government financial report to building high level quality of financial report and effective decision making of financial statement user. Overall, the results of this research contribute to local government administration, department of local administration, and financial report user on develop and support generating quality of financial report. For this research, suggestions and directions for future research are also presented.