The Audit Committee Characteristics Affecting the Creation of Value Added Company of the Listed Companies in the Stock Exchange of Thailand

Abstract

This study aims to examine the relationship between the characteristics of audit committees and the creation of added value for organizations listed on the Stock Exchange of Thailand. 257 companies out of the 715 listed on the Stock Exchange of Thailand. The general data were analyzed using descriptive statistics, including frequency and percentage, Hypotheses were tested using Multiple Regression Analysis.

The findings revealed that the characteristics of audit committees in terms of legal compliance, responsibility to auditors, and the preparation of audit committee reports have a statistically significant relationship with the creation of added value in the financial aspect of the organization. Additionally, the characteristics related to legal compliance and responsibility to auditors also have a statistically significant relationship with the creation of added value in the organization's internal processes.

Regarding the learning and development aspect, it was found that the characteristics of audit committees in terms of the accuracy of financial reports, responsibility to auditors, and the preparation of audit committee reports have a statistically significant relationship with the creation of added value for the organization. One of the key roles of the audit committee is to report on their performance, providing opinions on the adequacy of internal control systems and risk management. If an organization has an appropriate internal control system, it will help facilitate effective operations and enhance business competitiveness. This reflects that the characteristics of audit committees contribute significantly to creating added value for the organization.