Proceedings of Business and Social Sciences Research Conference
10 - 11 December 2015, Ambassador Hotel, Bangkok, Thailand, ISBN: 978-1-922069-90-0
Factors Influencing the Effectiveness of the Internal Audit Function
in Thailand
Jantipa Dejnaronk, Harold T. Little, Bahaudin G. Mujtaba, and Robert McClelland
The effectiveness of an organization’s internal audit function (IAF) is a pre-requisite
for good corporate governance and should be maintained at all time (Dhamankar &
Khandewale, 2003). There is a dearth of research and absence of any research
model which identifies and examines the effectiveness of IAF in the Kingdom of
Thailand (Thailand). Accordingly, the research conducted for this dissertation
culminated in the construction of conceptual and empirical IAF models, which should
prove useful to internal audit practitioners and academic researchers in Thailand.
Main statistic tests were used such as multiple regression, exploratory factor
analysis, and structural equations modeling (SEM). This study found that three new
factors (compliance with the Institute of Internal Auditors (IIA) standards, use of a
risk-based audit plan, and presence of a quality assurance and improvement
program) have high influence to the internal audit function effectiveness in Thailand.
____________________________________________________________________
Jantipa Dejnaronk, Institute of International Studies, Ramkhamhaeng University,
jdejnaronk@gmail.com, Mobile: (66) 86-982-1900
Dr. Harold T. Little, Western Kentucky University, USA, htlittlejr@yahoo.com
Dr. Robert McClelland, Liverpool John Moors University, UK, bmcclelland.bob@gmail.com
Dr. Bahaudin G. Mujtaba, Nova Southeastern University, USA, mujtaba@nova.edu
Bangkok,
Thailand,