Factors Affecting the Audit Quality of Private Cooperatives Auditors

Abstract

This research's purposes were 1. to study the qualifications of cooperative auditors from private sector and the audit process that affect the audit quality in terms of the correctness of financial reports 2. to study the qualifications of cooperative auditors from private sector and the audit process that affect the audit quality in terms of audit timeliness and 3. to study the qualifications of cooperative auditors from private sector and the audit process that affect the audit quality in terms of audit compliance. This research is a quantitative research. Its instrument was a questionnaire. Its sample group consists of 150 cooperative auditors. The sample size was calculated using Taro Yamane's formula (1973) with an error level of 0.05. Data collected from questionnaires were analyzed using descriptive statistics including mean and standard deviation to ensure no outliers existed in the dataset, followed by inferential statistics through correlation testing to confirm that no independent variables were highly correlated, and then multiple regression analysis was conducted to test the hypotheses. The research findings revealed that 1) the audit process of cooperative risk analysis, understanding the cooperative's internal control system, including the use of technology to assist in auditing, and the qualifications of cooperative auditors in terms of necessary knowledge and experience as cooperative auditors have a positive influence on the quality of cooperative audit work in terms of the accuracy of the audit report; 2) the audit process of cooperative risk analysis, including the use of technology to assist in auditing, and the qualifications of cooperative auditors in terms of experience have a positive influence on the quality of cooperative audit work in terms of timeliness of audit work; and that and 3) the necessary knowledge and experience as cooperative auditors, the experience of being a cooperative auditor and the audit process of cooperative risk analysis have a positive influence on the quality of cooperative audit work in terms of compliance with auditing standards.