The Potential of Auditors and the Audit Process Affecting the Effectiveness of Audit Reporting in Cooperatives under Thailand

Abstract

The primary objective of this study is to investigate the relationship between auditors’ competencies and the effectiveness of audit reporting in cooperatives, as well as the relationship between audit processes and audit reporting effectiveness in cooperatives in Thailand. The population of this quantitative research comprises 7,387 auditors, from which a stratified random sampling method was employed, yielding a final sample of 380 respondents. Data were collected using structured questionnaires and analyzed through multiple regression analysis to validate the hypothesized relationships.

        The empirical findings reveal that auditors’ competencies exert a significant positive influence on the effectiveness of audit reporting in cooperatives. Similarly, audit processes also have a positive impact on audit reporting effectiveness. Audit reporting effectiveness was operationalized into four dimensions: clarity, accuracy, timeliness, and the provision of useful information. Furthermore, all variables were found to be significantly correlated at the 0.01 level. The findings provide theoretical and practical implications, suggesting that auditors’ competencies and well-structured audit processes serve as critical determinants for enhancing the quality and effectiveness of cooperative audit reporting.