Stakeholders' Expectations towards Hiring Internal Auditors from Outsourcing

Authors

  • Surapa Taibanguay The Institute of Internal Auditors of Thailand, Faculty of Business Administration, Ramkhamhaeng University, Bangkok, Thailand
  • Pracha Tansaenee The Institute of Internal Auditors of Thailand, Faculty of Business Administration, Ramkhamhaeng University, Bangkok, Thailand
  • Dechaphan Ratsasanasart The Institute of Internal Auditors of Thailand, Faculty of Engineering and Industrial Technology, Silpakorn University, Nakhon Pathom, Thailand
  • Wonlop Writthym Buachoom The Institute of Internal Auditors of Thailand, KMITL Business School, King Mongkut’s Institute of Technology Ladkrabang, Bangkok, Thailand

Keywords:

Expectations, Stakeholders, Internal Auditor, Outsourcing

Abstract

This research aimed to: 1) study the opinion level of stakeholders’ expectation towards hiring internal auditors from outsourcing; 2) study personal characteristics of stakeholders related to stakeholders’ expectation towards hiring internal auditors from outsourcing. The stakeholders were members of the Association of Internal Auditors of Thailand selected by convenient sampling using the program G* Power 3.1.9.2. The questionnaire was used as a tool to collect data. The collected data were analyzed by statistics including frequency, percentage, mean and standard deviation, and Chi-square. The results found that: 1) Stakeholders’ expectation towards hiring internal auditors from outsourcing, overall, was at the high level. The first 3 aspects were: The internal audit performance in consistence with the IIA's international professional framework of internal auditing, followed by Mission, strategy and business model, and Coordination with the departments responsible for risk management and audit work of internal audit respectively. 2) The personal characteristics of stakeholders were related to stakeholders’ expectation in the following areas: Mission, strategy and business model, Belief assessment for value creation, and the internal audit performance in consistence with the IIA's International Professional Auditing Practice Framework at a significant level of 0.05.

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Published

2023-10-04

How to Cite

Taibanguay, S., Tansaenee, P., Ratsasanasart, D., & Writthym Buachoom, W. (2023). Stakeholders’ Expectations towards Hiring Internal Auditors from Outsourcing. Journal of Business and Industrial Development, 2(1), 61–74. retrieved from https://so15.tci-thaijo.org/index.php/Journalbid/article/view/125

Issue

Vol. 2 No. 1 (2022): January - April (2022)

Section

Research Article

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