Model of the Best Practice for Quality Internal Audit Offices in Thailand

Abstract

The purposes of this research were to: 1 . Study the opinions of the Best Practice for Quality Internal Audit Offices in Thailand and; 2 . Create the model of the Best Practice for Quality Internal Audit Offices in Thailand. The population used in the research is as follows: 1 . the member of Institute of Internal Auditors of Thailand with a total sample of 4 0 1 Internal Auditors and has been calculated by using Taro Yamane with 9 5 % confidence level. The research used accidental sampling and using a questionnaire as a tool in research by statistics that are used to analyze the data, including the frequency, percentage, mean, standard deviation, t test and one-way analysis of variance (ANOVA). 2 . Focus Group Discussion that was used to analyze the data gathered by 30 Experts who have been involved in the stakeholders of the Best Practice for Quality Internal Audit Offices in Thailand. Findings were as follows: 1. The results of study revealed that the majority of respondent were female amount 275 Auditors or 68.60%, age over 45 years old amount 142 Auditors or 35.40%, education was Master’s Degree amount 264 Auditor or 65.80%, Experience in Internal Audit more than 5 years amount 144 Auditor or 65.80%, Job title & Position in Internal Audit amount 200 Auditors or 49.90%, and Work at Company amount 210 Auditors or 52.40% According to the Best Practice for Quality Internal Audit Offices on the overall was at the high level (𝑥̅ = 3.55). One of the high level was qualifications of key personnel of the quality internal audit office dimension (𝑥̅ = 3 . 6 1 ) and Qualifications of Quality Internal Audit Office dimension (𝑥̅ = 3 . 4 9 ) was at the moderate level. And the Auditors who differed in demographical characteristics of educational displayed corresponding differences in qualifications of key personnel of the quality internal audit office dimension. By the way, the Auditors who differed in demographical characteristics of Job title & Position in Internal Audit displayed corresponding differences Qualifications of Quality Internal Audit Offices with colleagues at the statistically significant level of 0.05. 2. The result of Focus Group Discussion was to consider the Model of the Best Practice for Quality Internal Audit Offices in Thailand. The meeting was consisted of the key stakeholders in Internal Audit Experts concluded that the Quality of the Internal Auditor was related the Quality Internal Audit Offices. By the way, the Quality Internal Audit Offices must have to control the Qualifications of the Internal Auditor. The Internal Auditors’ roles Model had a great effect on the value added to the org anization in order to be practically successful. The Model should be applicable and able to be used for the public.