Internal auditors' characteristics and corporate governance on the performance of internal auditors in Thailand Public Limited Company

Internal auditors' characteristics and corporate governance on the performance of internal auditors in Thailand Public Limited Company

The issue of performance of internal auditors is important since Thailand was also affected by the accounting scandals. The expanded scope in the definition of internal auditing and new regulatory requirements such as the Sarbanes-Oxley Act has increased the demands on internal auditing. This stu...

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Main Author: Narkchai, Sutana
Format: Thesis
Language:eng
eng
Published: 2015
Subjects:
HD2709-2930.7 Corporations
Online Access:https://etd.uum.edu.my/5398/1/s92584.pdf
https://etd.uum.edu.my/5398/2/s92584_abstract.pdf
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institution Universiti Utara Malaysia
collection UUM ETD
language eng
eng
advisor Fadzil, Faudziah Hanim
topic HD2709-2930.7 Corporations
spellingShingle HD2709-2930.7 Corporations
Narkchai, Sutana
Internal auditors' characteristics and corporate governance on the performance of internal auditors in Thailand Public Limited Company
description The issue of performance of internal auditors is important since Thailand was also affected by the accounting scandals. The expanded scope in the definition of internal auditing and new regulatory requirements such as the Sarbanes-Oxley Act has increased the demands on internal auditing. This study was conducted to examine the factors that influence the internal auditors' characteristics and corporate governance on the performance of internal auditors in Thailand public limited companies. To achieve this objective, seven hypotheses were formulated based on previous studies and the agency theory. Survey questionnaires were sent to the Chief Audit Executives to determine their to effectiveness on their performance based on the professional standards issued by the International Professional Practices Framework indicators. A total of 520 questionnaires were distributed, but only 146 were usable. The questionnaire was designed to collect information on internal auditors' characteristics and corporate governance factors. Internal auditors' characteristics were represented by demographic profile, regulation compliance awareness, adoption of internal auditing standards, audit professionalism and communication skills while corporate governance was represented by board of director and audit committee. Multiple regression was used to test the relationship between the variables. Three out of the seven variables which have affected the performance of internal auditors were audit professionalism, communication skills and audit committee. Demographic profile, regulation compliance awareness and adoption of internal auditing standards do not have significant influence on performance of internal auditors. The results of this study show that there is an implication on the practice low compliance, lack of awareness of standards and non-adoption of International Professional Practices Framework. This study serves as an important catalyst for further research and discussion in this area. More importantly, there is lack of research in Thailand concerning the relationship between internal audit functions with the performance of internal auditors.
format Thesis
qualification_name Doctor of Business Administration (DBA)
qualification_level Doctorate
author Narkchai, Sutana
author_facet Narkchai, Sutana
author_sort Narkchai, Sutana
title Internal auditors' characteristics and corporate governance on the performance of internal auditors in Thailand Public Limited Company
title_short Internal auditors' characteristics and corporate governance on the performance of internal auditors in Thailand Public Limited Company
title_full Internal auditors' characteristics and corporate governance on the performance of internal auditors in Thailand Public Limited Company
title_fullStr Internal auditors' characteristics and corporate governance on the performance of internal auditors in Thailand Public Limited Company
title_full_unstemmed Internal auditors' characteristics and corporate governance on the performance of internal auditors in Thailand Public Limited Company
title_sort internal auditors' characteristics and corporate governance on the performance of internal auditors in thailand public limited company
granting_institution Universiti Utara Malaysia
granting_department Othman Yeop Abdullah Graduate School of Business
publishDate 2015
url https://etd.uum.edu.my/5398/1/s92584.pdf
https://etd.uum.edu.my/5398/2/s92584_abstract.pdf
_version_ 1747827925949874176
spelling my-uum-etd.53982021-04-04T08:04:02Z Internal auditors' characteristics and corporate governance on the performance of internal auditors in Thailand Public Limited Company 2015 Narkchai, Sutana Fadzil, Faudziah Hanim Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HD2709-2930.7 Corporations The issue of performance of internal auditors is important since Thailand was also affected by the accounting scandals. The expanded scope in the definition of internal auditing and new regulatory requirements such as the Sarbanes-Oxley Act has increased the demands on internal auditing. This study was conducted to examine the factors that influence the internal auditors' characteristics and corporate governance on the performance of internal auditors in Thailand public limited companies. To achieve this objective, seven hypotheses were formulated based on previous studies and the agency theory. Survey questionnaires were sent to the Chief Audit Executives to determine their to effectiveness on their performance based on the professional standards issued by the International Professional Practices Framework indicators. A total of 520 questionnaires were distributed, but only 146 were usable. The questionnaire was designed to collect information on internal auditors' characteristics and corporate governance factors. Internal auditors' characteristics were represented by demographic profile, regulation compliance awareness, adoption of internal auditing standards, audit professionalism and communication skills while corporate governance was represented by board of director and audit committee. Multiple regression was used to test the relationship between the variables. Three out of the seven variables which have affected the performance of internal auditors were audit professionalism, communication skills and audit committee. Demographic profile, regulation compliance awareness and adoption of internal auditing standards do not have significant influence on performance of internal auditors. The results of this study show that there is an implication on the practice low compliance, lack of awareness of standards and non-adoption of International Professional Practices Framework. This study serves as an important catalyst for further research and discussion in this area. More importantly, there is lack of research in Thailand concerning the relationship between internal audit functions with the performance of internal auditors. 2015 Thesis https://etd.uum.edu.my/5398/ https://etd.uum.edu.my/5398/1/s92584.pdf text eng public https://etd.uum.edu.my/5398/2/s92584_abstract.pdf text eng public dba dba Universiti Utara Malaysia Abdolmoharnrnadi, M. J., Burnaby, P., & Hass, S. (2006). A review of prior common body of knowledge (CBOK) studies in internal auditing and an overview of the global CBOK 2006. 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