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Internal Audit Planning Strategy of Thai-Listed Firms: An Empirical Investigation of Antecedents and ConsequencesIn response to the audit failures and corporate scandals in the U.S. in 2001 and 2002 such as in the case of Enron, Tyco Industries, WorldCom, also Picnic in Thailand, the internal audit function becomes a cornerstone that plays an important role because stakeholders demand greater information confidence to serve them for decision making together and to protect them from financial-statement fraud. Therefore, internal audit planning strategy is the first order for internal audit quality management needs because it can fulfill the conservative and insurance information for executive confidence. The main research question is framed as: “How does internal audit planning strategy impact on firm growth of Thai-listed firms?”. Moreover, the effects of internal audit planning strategy on accounting information transparency, business information advantage, organizational risk reduction, corporate practice efficiency, strategic decision making and valuable competitive advantage are investigated. Additionally, this research tests the effects of executive policy for business sustainability, business morality, accounting transparency mindset and volatile business environments on internal audit planning strategy. Finally this research intends to explore the moderating effect of governance climate, intra-organizational communication and competitive learning capability.
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