The Effects of Risk Assessment Process on Operational Efficiency of Accounting Firms in Udon Thani Province

Abstract

This research aimed to: (1) study the relationship between the risk assessment process and the operational efficiency of accounting firms in Udon Thani Province, and (2) examine the effects of the risk assessment process on the operational efficiency of accounting firms in Udon Thani Province. A questionnaire was used to collect data from 64 accounting firms. Statistical methods employed for data analysis included multiple correlation analysis and multiple regression analysis.

The results of this research found that 1) risk assessment process, in risk identification, risk analysis and risk evaluation, There was a statistically significant positive correlation with both overall and individual aspects of operational efficiency at the 0.05 level. 2) Overall risk assessment process, in risk identification, risk analysis and risk evaluation, has a statistically significant positive impact on both overall and individual aspects of operational efficiency at the 0.05 level. The findings of this study indicate that the risk assessment process is a vital mechanism that plays a significant role in enhancing the quality and efficiency of operational performance. Therefore, accounting firms should prioritize the implementation of a systematic and continuous risk assessment process in order to strengthen operational stability, improve competitive advantage, and lead the organization toward long-term sustainability.