GOOD INTERNAL CONTROL SYSTEMS AND GOOD GOVERNANCE AFFECTING THE PERFORMANCES OF SAVINGS COOPERATIVES IN NORTHEASTERN THAILAND
Lalita Pimta1, Piyachat Thongpaeng2*,Suphatsorn Thaweechan3,Theewara Sutanthawiboon4
1 Department of Accounting, Faculty of Business Administration and Accountancy
Roi Et Rajabhat University, Roi Et Province, Thailand
2 Department of Accounting, Faculty of Business Administration and Accounting
Sisaket Rajabhat University, Sisaket Province, Thailand
3 Department of Accounting, Faculty of Business Administration and Accounting
Sisaket Rajabhat University, Sisaket Province, Thailand
4 Department of Accounting, Faculty of Management Science
Muban Chombueng Rajabhat University, Ratchaburi Province, Thailand
*Corresponding Author: piyachat.t@sskru.ac.th
Abstract
In northeastern Thailand, this study investigated the relationship between good governance and savings cooperative performances and examined how internal control systems affected performances. Seventy-nine northeastern savings cooperatives were used as samples in this research. The respondents consisted of managers, accounting supervisors, and internal audit officers. The questionnaires were used for collecting data. The data were analyzed using percentage, mean, standard deviation, simple correlation, and multiple linear regression.
According to the analysis of good internal control systems and good governance on the performances of savings cooperatives in northeastern Thailand, it was found that good internal control systems on the aspects of the control environment, the risk assessment, the information and communication, and the monitoring and evaluation had a positive correlation with the performances at a statistically significant level of 0.05. In addition, regarding good governance’s principles, the principle of efficiency, the principle of responsiveness, the principle of delegation, the principle of participation, and the principle of equality had a positive correlation with the performances of savings cooperatives in northeastern Thailand at a statistically significant level of 0.05.
Keywords: Good Internal Control Systems, Good Governance, Performances, Savings Cooperatives