Guidelines for Auditing Risk Assessment of Cooperatives Auditors in Thailand

Abstract

This study aimed to 1) examine the level of risk assessment guidelines in cooperative auditing by cooperative auditors in Thailand 2) investigate the auditing efficiency of cooperative auditors in Thailand and 3) explore the relationship between risk assessment guidelines in cooperative auditing and the auditing efficiency of cooperative auditors in Thailand. The sample consisted of 300 participants. The research instrument was a questionnaire. Statistical methods used included percentage, mean, standard deviation, and Pearson correlation coefficient.

            The research findings revealed that 1) the audit risk assessment criteria used by cooperative auditors in Thailand were generally extremely excellent. When each component was considered, they excelled in two areas: capital structure analysis and in-depth transaction analysis, as well as risk factor identification and environmental evaluation.  2) Cooperative auditors in Thailand performed optimally in all areas, including completeness, timeliness, comparability, and correctness.  3) The audit risk assessment criteria in all aspects exhibited a very high positive link with the audit efficiency of Thailand's cooperative auditors, with a correlation coefficient of 0.938 to 0.963 and a statistical significance level of 0.01.