Internal Auditing Standards of Finance Effects on the Credibility of Financial Reports of Schools under the Secondary Educational Service Area Office Bangkok
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Abstract
The objective of this research was to study the internal auditing standards of finance effects on the credibility of financial reports of schools under the Secondary Educational Service Area Office Bangkok. This study was a quantitative research. The samples were 150 school administrators. Descriptive statistics were used to describe the characteristics of the data obtained from the questionnaire, namely percentage, mean, and standard deviation, and multiple regressions were used for analysis for hypothesis testing. The findings were as follows: 1) internal auditing standards for finance overall and each aspect were at the highest level; 2) school financial report reliability overall and each aspect was at the highest level; and 3) the results of hypothesis tests for internal auditing standards of finance effects on the credibility of financial reports of schools were as follows: establishing an audit action plan, following-up, and improving the audit work positively affected on the credibility of financial reports regarding the accuracy of disbursement, the receipt and deposit, accounting records and concerning the reliability reports and financial statements, and timeliness. In addition, the audit report positively affected on the reliability of financial reports, accuracy of retention and remittance. Nevertheless, performing planned audit did not effect on the school's financial reporting credibility at a statistically significant level 0.05.
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