Account management, innovative management, and audit quality affect the accounting performance of small and medium enterprises in Thailand

Abstract

Most of the Small Medium Enterprises in Thailand don’t have sufficient accounting performance. Several elements have a significant effect on the accounting performance of small-medium enterprises. However, according to this study account management, innovative management and audit quality play a key role in the accounting performance of SMEs. There is a direct relationship between account management, innovative management, audit quality, quality of financial statement, and accounting performance. 340 account managers were surveyed aiming to collect primary data for this study. These 340 account managers were working with various SMEs in Thailand which was the respondents of this study. Primary data received from the respondents were analyzed by using Partial Least Square which is a statistical software. Hence, PLS helped to obtain the final results of this study. It was concluded that by increasing the value of account management, innovative management, and audit quality, the value of accounting performance also increases. Practically this study help account manager especially those working in SMEs of Thailand to enhance their accounting performance.