An Implementation of An Internal Control System to be Efficient in Accordance with An International Standards : A Case Study of a Primary Public Schools In Chiang Mai Province

Abstract

          This research studied the process of implementing an internal control system to be efficient in accordance with international standards. The goals of the research were to evaluate the results of an internal control system based on COSO guidelines; to know the process for implementing an internal control system according to COSO guidelines so as to be efficient in accordance with international standards; to analyze the problems that arise in the operation; and to give recommendations concerning internal control. The research participants were financial accountants working in elementary schools in Chiang Mai Province. The research instrument was a questionnaire. The results indicated there was a good internal control system and very effective internal control. The efficiency of the operation was related to the control environment, monitoring, and evaluation. The reliability of financial reports and information was related to the control environment and information and communication. Compliance with laws and regulations was related to the control environment, information and communication, monitoring, and evaluation. The research shows that employees should be encouraged to recognize the importance of internal control. Managers and teachers should be provided training, and there should be workers specialized in finance, packaging, and accounting to increase the efficiency of performance.