Audit Flexibility Management Competency and Audit Success: Evidence from Governmental Auditors in Thailand
Keywords:
Audit flexibility management competency, Audit successAbstract
The rapidly changing environment has an effect on an auditors’ operational by causing increasingly difficult and complex operational audits. Flexibility competency is a key factor that leads to audit performance which achieve audit goal under dynamic environment. This research aimed to investigate the effect of audit flexibility management competency on audit success evidence from governmental auditors in Thailand. The data were collected by using questionnaire from 528 governmental auditors (GAs) in the time period during September - October, 2016. The ordinary least squares regression analysis was used as a statistical tool for this research. The findings showed that all dimensions of audit flexibility management competency have significant positive influences on audit quality. Meanwhile, there are only audit integration focus and audit improvement continuity have significant positive influences on audit excellence. In addition, the results indicated that audit quality and audit excellence have significant positive influence on audit success. This research provides benefits on auditors’ awareness to improve and develop audit flexibility management competency in accordance with environmental change in order to achieve auditor professionalism in the future. Furthermore, the findings are a useful guideline for regulators and organizations to strengthen their audit department by enhancing the management competency of flexibility auditing.
References
Marketing Research, 14(3), 396-402.
Azizkhani, M., Monroe, G. S., & Shailer, G. (2007). Auditor tenure and perceived credibility of financial
eporting. Paper presented at 2007 Auditing Section Midyear Conference of the American
Accounting Association, Charleston, SC.
Bota-Avram, C., Popa, I., & Stefanescu, C. (2011). Methods of measuring the performance of internal
audit. The USV Annals of Economics and Public Administration, 10(3), 137-146.
Brandts, L. (2007). Integrated compliance: The challenge of convergence. Internal Auditing, 22(3), 25-30.
Braun, R. L., & Davis, H. E. (2003). Computer-assisted audit tools and techniques: Analysis and
Perspectives. Managerial Auditing Journal, 18(9), 725-731.
Brazel, J. F., Agoglia, C. P., & Hatfield, R. C. (2004). Electronic versus face-to-face review: The effects of
alternative forms of review on auditors’ performance. The Accounting Review, 79(4), 949–966.
Blokdijk, J. H. (2004). Tests of control in the audit risk model: Effective? Efficient?. International Journal of
Auditing, 8 (2), 185-194.
Chanaklang, A., Ussahawanitchakit, P., & Boonlua, S. (2015). Audit adaptation and audit survival:
A conceptual paper. Allied Academies International Conference. Proceedings of the Academy of
Accounting and Financial Studies (AAFS), 20(2), 2-13.
Chaney, C., & Kim, G. (2007). The integrated auditor. The Internal Auditor, 64(4), 46-52.
Chanruang, S., & Ussahawanitchakit, P. (2011). Audit sustainability of CPAs in Thailand: Effects of audit
planning competency and audit report quality. International Journal of Business Research, 11(6),
57-82.
Chen, S., Sun, S. Y., & Wu, D. (2011). Client importance, institutional improvement, and audit quality in
China: An office and individual auditor level analysis. The Accounting Review, 85(1), 127-158.
Combe, I. (2012). Marketing and flexibility: Debates past, present and future. European Journal of
Marketing, 46(10), 1257-1267.
DeFond, M., & Zhang, J. (2014). A review of archival auditing research. Journal of Accounting and
Economics, 58, 275–326.
Firth, M. (2002). Auditor-provided consultancy services and their associations with audit fees and audit
opinion. Journal of Business Finance and Accounting, 29: 661-693.
Fogarty, T. J., & Rigsby, J. T. (2010). A reflective analysis of the “New Audit” and the public interest:
The revolutionary innovation that never came. Journal of Accounting and Organizational Change,
6(2), 300-329.
Francis, J. R. (2004). What do we know about audit quality? The British Accounting Review, 36(4), 345-368.
Garavan, T. (2007). A strategic perspective on human resource development. Advances in Developing
Human Resource, 9 (1), 11-30.
Gupta, P. P., Umanath, N. S., & Dirsmith, M. W. (1999). Supervision practices and audit effectiveness:
An empirical analysis of GAO Audits. Behavioral Research in Accounting, 11, 27.
Hair, J. F., Black, W. C., Babin, B. J., & Anderson, R. E. (2010). Multivariate data analysis: A global
perspective. New Jersey : Pearson Publishing.
International Federation of Accountants (IFAC). (2005a). Proposed international education standard for
professional accountants, competence requirements for audit professionals. Retrieved March 18,
2016, from https://www.iasplus.com/en/binary/ifac/0504educationies8.pdf.
International Federation of Accountants (IFAC). (2005b). Competence Requirements for Audit
Professionals. Retrieved February 8, 2016, from http://www.iaesb.org/projects/ competence-
requirements-audit-professionals-ies-8-completed.
Jannopat, S., Janjarasjit, S., & Ussahawanitchakit, P. (2014). Audit morality commitment and audit survival:
A conceptual framework. International Journal Business Research, 14 (3), 143-162.
Kaplan, E. S., O’Donnell, E. F., & Arel, B. M. (2008).The influence of auditor experience on the
persuasiveness of information provided by management. Auditing: A Journal of Practice and
Theory, 27(1), 67-83.
Kent, P., Munro, L., & Gambling, T. 2006. Psychological characteristics contributing to expertise in audit
judgment. International Journal of Auditing, 10, 125-141.
Lee, L. (1995). The professionalization of accountancy: A history of protecting the public interest in a self‐
Interested way. Accounting, Auditing and Accountability Journal, 8 (4), 48-69.
Lilien, S. B. (2008). Meeting of the minds: Preparing future accounting professional: Part 2 of 2. The CPA
Journal, 78 (4), 20-29.
Musig, P., & Ussahawanitchakit, P. (2011). Dynamic audit competency and the antecedents and
consequences : Evidence from tax auditors in Thailand. International Journal of Business
Research, 11 (3), 47-75.
Nunnally, J. C., & Bernstein I. H. (1994). Psychometric theory. New York : McGraw-Hill.
Sarah, E. B. (1990). Experience effects in auditing: The role of task-specific knowledge. Accounting
Review, 65(1), 72-92.
Schneider, S., & Spieth, P. (2014). Business model innovation and strategic flexibility: Insights form an
experimental research design. International Journal of Innovation Management, 18(6), 1-21.
Singh, D., Oberoi, J.S., & Ahuja, I.J. (2013). An empirical investigation of dynamic capabilities in managing
strategic flexibility in manufacturing organizations. Management Decision, 51(7), 1442-1461.
Sumritsakun, C., & Ussahawanitchakit, P. (2009). Internal audit innovation and firm stability of Thai Listed
Company: How to implement in an organization?. Journal of Academy of Business and
Economics, 9 (4), 1-23.
Tan, J., & Zeng, Y.(2009). A Stage-dependent model of resource utilization, strategic flexibility, and
implications for performance over time: Empirical evidence from a transitional environment. Asia
Pacific Journal of Management, 26, 563–588.
Teeter, R. A., Alles, M.G., & Vasarhelyi, M. A. (2010). The remote audit. Journal of Emerging Technologies
in Accounting, 7, 73-88.
The Institute of Internal Auditors (IIA). (2008). The IIA Research Foundation About the Foundation.
Retrieved March 10, 2016, from: http://www.theiia.org/rfr/ index.cfm?act=FRF.foundation.
Uachanachit, D., Ussahawanitchakit, P., & Pratoom, K. (2012). Audit competency and audit survival of
CPAs in Thailand: An empirical investigation of the antecedents and consequences. Review of
Business Research, 12 (3), 105-132.
Watkins, A. L., Hillison, W., & Morecroft, S. E. (2004). Audit quality : A synthesis of theory and empirical
evidence. Journal of Accounting Literature, 23, 153-193.
Wittayapoom, K., & Ussahawanitchakit, P. (2009). Sustaining audit success of CPAs in Thailand: Effects of
audit professionalism through job reliability, individual image, and working reputation. European
Journal of Management, 9 (1), 23-43.
Downloads
Published
How to Cite
Issue
Section
License
บทความที่ได้รับการตีพิมพ์เป็นลิขสิทธิ์ของวารสารการบัญชีและการจัดการ
ข้อความที่ปรากฏในบทความแต่ละเรื่องในวารสารวิชาการเล่มนี้เป็นความคิดเห็นส่วนตัวของผู้เขียนแต่ละท่านไม่เกี่ยวข้องกับมหาวิทยาลัยมหาสารคาม และคณาจารย์ท่านอื่นๆในมหาวิทยาลัยฯ แต่อย่างใด ความรับผิดชอบองค์ประกอบทั้งหมดของบทความแต่ละเรื่องเป็นของผู้เขียนแต่ละท่าน หากมีความผิดพลาดใดๆ ผู้เขียนแต่ละท่านจะรับผิดชอบบทความของตนเองแต่ผู้เดียว
