MODERN AUDIT METHOD ORIENTATION AND AUDIT PERFORMANCE OF CERTIFIED PUBLIC ACCOUNTANTS (CPAs) IN THAILAND

Abstract

Modern audit method orientation (MAMO) is important for the adjustment of audit practice that is consistent with competitive circumstances. The purpose of this research is to provide a benchmark modern audit method to enhance business performance. This research uses Ordinary Least Squares (OLS) regression analysis to test all hypotheses with 262 certified public accountant (CPAs) in Thailand, There were six major findings of this research study: (1) computerized audit practice negatively impacts audit information reliability; (2) audit-client exchange positively affects audit evidence quality and audit report proficiency; (3) both enterprise risk synthesis and professional critical application positively affect audit evidence quality, audit report proficiency and audit information reliability; (4) there is an inverse relationship between audit flexibility focus and audit report proficiency; (5) there is a positive relationship between audit flexibility focus and audit information reliability; (6) audit evidence quality, audit information reliability, and audit report proficiency all have positive relationships with audit report proficiency and audit performance. In summary, MAMO provides an explanatory mechanism for, and is a major driver of audit performance.