Causal Relationship of Risk Management and Internal Control Influencing Financial Reporting Quality of Educational Institution under Office of the Vocational Education Commission in Thailand
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Abstract
The purpose of this research was to study the causal relationship of risk management and internal control influencing financial reporting quality, by using a questionnaire as an instrument for collecting data from 469 accounting executive officers of Educational Institution under Office of the Vocational Education Commission in Thailand; the variables consisted of two endogenous latent variables: accounting management efficiency, financial reporting quality; and one exogenous latent variable risk management and internal control. These latent variables were measured by 17 observed variables. The questionnaire was used as a research instrument with composite reliability between 0.901-0.915. Data was analyzed by SEM. The results showed that variable having direct and indirect effects on financial reporting quality of Educational Institution under the Office of the Vocational Education Commission in Thailand. The results of this study show that the measurement model was in congruence with the empirical data. This model exhibits the goodness of fit.
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