Factors Related to Internal Auditors' Competencies That Influence the Quality of Internal Audit Reports of Listed Companies on the Stock Exchange of Thailand.

Abstract

This research aimed to (1) examine the perceptions of internal auditors' competency factors and the quality of internal audit reports of companies listed on the Stock Exchange of Thailand, and (2) analyze the relationship between internal auditors' competency factors and the quality of internal audit reports in these companies. The sample consisted of 235 internal auditors at the department head level or equivalent from 235 companies. Data were collected via an online questionnaire and analyzed using descriptive statistics, including mean, standard deviation, percentage, multiple correlation, and multiple regression analysis. The findings revealed that (1) the overall perception of internal auditors' competency factors was rated high (mean = 4.06), and the overall quality of internal audit reports was rated very high (mean = 4.22); (2) the competency factors of internal auditors were significantly associated with the quality of internal audit reports across seven dimensions: correctness, fairness, clarity, conciseness, creativity, completeness, and timeliness, at a significance level of 0.05.