Factor Affecting the Auditing Performance of Housing Cooperatives

Abstract

       This research aimed to explore factors affecting the auditing performance of Housing Cooperatives to improve work processes of cooperative auditors. The samples used in this study were 250 government officers working in 76 Provincial Cooperative Auditing Offices. Questionnaire was employed as a tool for collecting data and statistical methods used for data analysis comprised of percentage, mean, standard deviation, and Pearson's correlation coefficient.
       The results of the study showed that the differences in gender, age, marital status, and educational background of cooperative auditors had no effect on the auditing performance of Housing Cooperatives; while differences in auditing experiences affected the performances.
       The study found that factors affecting the auditing performance of Housing Cooperatives included (1) accounting documents submitted to the cooperative auditors (2) Housing Cooperatives’ staff lacking of good financial and accounting understanding (3) the auditing practices that must strictly comply with the Standards on Auditing (4) lack of technology and equipment for accounting keeping. Among these 4 factors, accounting documents submitted to the cooperative auditors made the highest impact on the auditing performance of Housing Cooperatives (x̄ = 4.16, SD = 0.755). Moreover, these 4 factors had a positive relationship at the significant level at 0.01 with the auditing performance of Housing Cooperative, thus accepting the hypotheses.
       As a result, to improve the auditing performance of Housing Cooperatives, the Cooperative Auditing Department (CAD) should continuously and constantly provide trainings on auditing processes to cooperative auditors, auditor assistants, quality control department and Chief of Provincial Cooperative Auditing Offices. Besides, CAD should develop a manual of accounting system for Housing Cooperative in accordance with its business characteristics. For another part, the Housing Cooperatives should develop their staff’s capabilities to perform their tasks efficiently and legally, provide proper internal control to prevent fraud and errors, and provide services to their members with the cooperative spirits in order to achieve their purpose of establishment.