Factors Affecting Fraud Risk Control Activities of Chief Executives of Internal Audit Firms Listed on The Stock Exchange of Thailand

Abstract

The objectives of this research is to study factors influencing and affecting fraud risk control activities of chief executives of the internal audit firms listed on the Stock Exchange of Thailand from 261 samples. Questionnaires were returned from 183 respondents or 70.11% out of 261 participants.   The statistics methods that were applied in this study were Multiple Correlation Analysis and Multiple Regression Analysis. (1) Factors affecting on fraud control activities were the organizational factor,  the auditee’s understanding and acceptance factor, the auditor’s qualification, knowledge and expertise factor, and the attitude factor of internal audits of the auditor. (2) Factors affecting on fraud investigation activities and correction improvement   were the auditor’s qualification, knowledge and expertise factor, and the attitude factor of internal audits of the auditor. Finally, (3) Factors that affected on fraud risk management monitoring activities were the organizational factor, and the auditor’s qualification, knowledge and expertise factor. The results received could be brought to develop more in term of the effectiveness    of fraud risk control activities in the organization. However, this research is only the study of companies listed on the Stock Exchange of Thailand. Therefore, there still needs to be further studies in other different samples.