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Corporate governance development for high-value services in networks of accounting firms in Thailand |
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| รหัสดีโอไอ | |
| Creator | Duangnapa Subsandee |
| Title | Corporate governance development for high-value services in networks of accounting firms in Thailand |
| Contributor | Uthairat Muangsan, Krisada Chienwattanasook |
| Publisher | Faculty of Management Science Nakhon Pathom Rajabhat University. |
| Publication Year | 2568 |
| Journal Title | Journal of Management Science Nakhon Pathom Rajabhat University |
| Journal Vol. | 12 |
| Journal No. | 2 |
| Page no. | 144-156 |
| Keyword | Environment, Social and Governance (ESG), Accounting Technology, High-Value Services |
| URL Website | https://so03.tci-thaijo.org/index.php/JMSNPRU/issue/view/18157 |
| Website title | https://so03.tci-thaijo.org/index.php/JMSNPRU/index |
| ISSN | 2392-5817 |
| Abstract | The aims of this academic article are: 1) to investigate the appropriate structure and components of a governance framework for accounting firm networks in Thailand, 2) to analyze the role of accounting technology and innovation in enhancing efficiency and sustainability within the network system, and 3) to develop approaches to improve the governance framework in accordance with international standards and ESG principles. This study reviewed the relevant literature on the development of governance frameworks for accounting firm networks in Thailand.This article suggests that: 1) a clearly defined structure and components of a governance framework are critical to raising professional standards and promoting trust in the national financial system. The framework should include a clear organizational structure, robust internal control systems and the integration of technology into operational processes. 2) In terms of the role of technology and innovation in financial reporting, the study found that the integration of modern technologies such as artificial intelligence, big data analytics and blockchain can significantly improve the efficiency and sustainability of auditing and financial reporting. 3) To develop a governance framework that is in line with international standards and ESG principles, the study suggests that implementation must be adapted to regulatory changes and promote a corporate culture that emphasizes transparency. The technological change driven by ESG principles requires continuous capacity building within audit firms to deliver high-value services. The study concludes with the recommendation to develop a flexible and adaptable governance framework that accommodates changes in the business environment, data governance, and compliance with sustainability standards based on ESG principles in order to deliver high-value accounting services. |
