The Impact of Internal Audit Strategies on the Quality of Internal Audits of listed companies in the Stock Exchange of Thailand in the Consumer Products

Abstract

The research aimed to study the impact of internal audit strategies on the internal audit quality of public limited companies listed on the stock exchange of Thailand in the consumer goods group. 200 practitioners in internal audit in the consumer goods group listed on the stock exchange of Thailand were the sample. The questionnaire was employed to collect the data. To analyze the data, frequency, percentage, mean and standard deviation were used, and multiple regression.

          The results of the study revealed that internal audit strategies in audit planning and reporting and following up showed positive influence to internal audit quality in terms of accuracy. Internal audit strategies in audit planning and audit fieldwork showed positive influence to internal audit quality in terms of clarity. Internal audit strategies in audit planning, audit fieldwork, reporting and following up showed positive influence to internal audit quality in terms of conciseness. Internal audit strategies in audit planning, audit fieldwork, reporting and following up showed positive influence to internal audit quality in terms of timeliness. Internal audit strategies in audit planning and reporting and following up showed positive influence to internal audit quality in terms of constructive criticism. Internal audit strategies in audit fieldwork and reporting and following up showed positive influence to internal audit quality in terms of pursuance. The results of the study can be guidelines for internal audit process improvement to practice with quality, reliability and auditing standard which result greater efficiency and effectiveness in internal audit in the future.