Factors Affecting the Reliability of Financial Reporting Quality Of Military Hospitals

Abstract

This research aimed to examine the effects of 1) government accountant characteristics, 2) the application of public sector accounting standards, and 3) internal control system effectiveness on the quality of financial reports of Royal Thai Army hospitals. The study employed a quantitative research approach. The sample consisted of 193 financial and accounting personnel working in Royal Thai Army hospitals. A questionnaire was used as the research instrument. The data were analyzed using descriptive statistics, Pearson’s correlation, and multiple regression analysis. The findings revealed that all groups of variables and overall financial reporting quality were at a high level. Objectivity and confidentiality had positive effects on all four dimensions of financial reporting quality: accuracy and completeness, verifiability, timeliness, and reliability. Integrity, knowledge and competence, and professional skills affected only certain dimensions. The application of public sector accounting standards in terms of recognition, measurement, and disclosure had positive effects on all four dimensions of financial reporting quality, with measurement showing the strongest effect in every model. Regarding the internal control system, control activities were the component that affected all four dimensions of financial reporting quality. Information and communication, monitoring and evaluation, and risk assessment affected only certain dimensions. The findings indicate that improving financial reporting quality should place emphasis on personnel characteristics, the accurate application of accounting standards, and the strengthening of control activities.