Reliability of audit and financial reporting quality of the certified public accountants in Thailand

Abstract

The purposes of this research were to examine the impact of auditing reliability and financial reporting quality on the efficacy of the certified public accountants in Thailand. The research data were collected from 186 certified public accountants in Thailand using a questionnaire. The statistics used for data analysis include frequency, percentage, mean, standard deviation, and multiple linear regression.

The results revealed that 1) most certified public accountants are female aged between 30- 35 years holding a bachelor's degree with 5 -10 years of working experience. There is an average monthly income of less than 50,000 baht, and a number of the audit in each year less than 50 companies. The training seminar attendance about the audit is almost 1-2 times a year. 2) The opinion about the auditing reliability of certified public accountants is at a high level. 3) The opinion of the financial reporting quality of the certified public accountants is at a high level. 4) The opinion of the auditing efficiency of the certified public accountants in Thailand is at the highest level. 5) The auditing reliability in the aspects of professionalism, auditing potential, and ethics of the auditor is a positive correlation and impact on the performance with the statistical significance at 0.05. 6) The financial reporting quality in verifiability and understandability is a positive correlation and impact on the performance with the statistical significance at 0.05.