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http://dx.doi.org/10.13106/jafeb.2022.vol9.no1.0311

Fraud Investigation, Internal Audit Quality and Organizational Performance: Empirical Evidence from Thai Listed Companies  

JANNOPAT, Saithip (Faculty of Management Sciences and Information Technology, Nakhon Phanom University)
PHORNLAPHATRACHAKORN, Kornchai (Faculty of Management Sciences and Information Technology, Nakhon Phanom University)
Publication Information
The Journal of Asian Finance, Economics and Business / v.9, no.1, 2022 , pp. 311-324 More about this Journal
Abstract
The objective of this study is to examine the influence of fraud investigation on organizational performance of Thai listed companies through mediating effects of internal audit quality, accounting information transparency and financial effectiveness, and moderating effect of corporate governance. In this study, 333 Thai listed companies are the samples of the study. Both the structural equation model and multiple regression analysis are used to examine the research relationships. The results of this study show that fraud investigation has a significant influence on internal audit quality, accounting information transparency, and financial effectiveness. Internal audit quality significantly influences accounting information transparency, financial effectiveness, and organizational performance while financial effectiveness significantly influences organizational performance. Next, both internal audit quality and financial effectiveness potentially mediate the fraud investigation-organizational performance relationships. In addition, corporate governance critically moderates the fraud investigation-internal audit quality relationships and the fraud investigation-financial effectiveness relationships. In summary, fraud investigation functions as an important valuable technique of internal audit practices. As a result, businesses must build and implement a systematic fraud investigation procedure to generate and improve beneficial outcomes in the short, medium, and long term.
Keywords
Fraud Investigation; Internal Audit Quality; Accounting Information Transparency; Financial Effectiveness; Organizational Performance;
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Times Cited By KSCI : 3  (Citation Analysis)
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