The effects of accounting competence and internal control on the quality of financial reports of accountants in Bangkok

Abstract

The purposes of this research aimed to study the effects of accounting professional competence on the quality of financial reports of accountants in Bangkok and study the effects of internal control on the quality of financial reports of accountants in Bangkok. This study employed a quantitative approach, it was collected data from a sample by using a questionnaire. The researchers analyzed a total of 400 data points that included percentages, means, standard deviations, and multiple regression analyses to test the hypothesis. The results of the study found that the professional competence in accounting and internal control affects the quality of financial reports made by accountants in the Bangkok Metropolitan Area. The study found that the following accounting competencies have a positive effect on the quality of financial reports, professional knowledge, technology skills, making and presenting accounting data for decision-making, interpersonal interaction and communication, and internal control in the control environment, risk assessment, control activities, information and communication, and monitoring and evaluation. This effect is statistically significant at the 0.05 level. From the study, it can be concluded that if accountants have developed their professional competencies continuously and the organization has effective internal controls, it will make the financial reports of high quality. As a result, both internal and external users of the financial reports can use the information in the financial report to make their efficient decisions.