Journal of Federation of Accounting Professions

Factors in digital age affecting the efficiency of internal auditing

2024-12-16T10:24:29+07:00

The purpose of this paper was to study factors affecting the effectiveness of internal auditing in the digital age, Consists of the qualifications of internal auditors, internal audit process, support from auditors and to utilize technology. The survey sample consists of 129 samples, who had been audited by company’s internal auditors and internal auditors. Data was gathered by an online questionnaire.

The results show that the effectiveness of internal auditing was affected significantly by qualifications of internal auditors, internal audit process, support from auditors and to utilize technology. The support from the auditor depends on the organization's perception about the importance of internal auditing. It was also found that the qualifications of internal auditors and to utilize technology by internal auditors and auditors depends on the nature of internal audit work that varies in each organization.

The benefit of this paper may useful for organization realize the importance of internal audit plan that covers the ongoing workflow in monitoring. As well as enhancing the quality of internal audits to be able to achieve the organization’s objective.

Types of ESG reports influence the relationship between ESG Scores and market reactions of companies listed on the Stock Exchange of Thailand

2024-10-18T10:56:12+07:00

This research’s objective is to examine the influence of type of ESG reports on market reactions of listed companies from the Stock Exchange of Thailand (SET). Samples used in this research are listed companies from the SET during 2017 to 2023. Multiple regression is used to test the hypotheses. The results of the test of the interaction effect between ESG Scores and types show a negative relationship with market reactions, indicating that ESG reports presented in sustainability development reports reduce information asymmetry, providing investors with accurate and sufficient information to support their investment decisions. The results contribute to the corporations to improve their ESG reporting for sustainable development and investor’s decision making.

Determinants of Financial Stability in Market for Alternative Investment (MAI)

2024-09-13T09:20:18+07:00

This research responses the critical need to identify and analyze factors influencing financial stability within the Market for Alternative Investment (MAI) in Thailand. Given the unique dynamics and challenges faced by companies listed on the MAI, understanding these determinants is vital for investors, policymakers, and the companies themselves. By focusing on this specific segment of the Thai financial market, the research aims to shed light on the underlying elements that contribute to financial robustness, providing valuable insights for enhancing financial health and strategic planning in the context of emerging markets. This investigation not only contributes to the academic discourse on financial stability but also offers practical implications for stakeholders seeking to navigate the complexities of the MAI. The study investigates the impact of five distinct dimensions of corporate governance on financial stability: board size, the proportion of independent directors, the duality of CEO and board chair roles, shareholder concentration, and the proportion of institutional investors' shareholding. The analysis conducted at a 0.05 level of statistical significance reveals that these five independent variables do not exert an influence on financial stability. The findings also, reveal that financial stability does not have an influence on the stock returns of companies listed on the Market for Alternative Investment (MAI) at a 0.05 level of statistical significance. This result suggests that, within the examined context, the degree of financial stability of these firms does not significantly affect their stock market performance. The characteristics of the company listed on the MAI as well as the unique regulatory and market environment of the MAI may be the cause of this.