Factors Affecting Internal Audit Effectiveness: Empirical Evidence from Vietnam

Thu Trang Ta and Thanh Nga Doan
Additional contact information
Thu Trang Ta: School of Accounting and Auditing, National Economics University, Hanoi 10000, Vietnam
Thanh Nga Doan: School of Accounting and Auditing, National Economics University, Hanoi 10000, Vietnam

IJFS, 2022, vol. 10, issue 2, 1-14

Abstract: This study investigated four factors affecting internal audit effectiveness in Vietnam, namely, independence of internal audit, the competence of internal auditors, management support for internal audit, and quality of internal audit work. Quantitative and qualitative evaluations were conducted, including a logistics regression model and other analyses, using SPSS software. Through semi-structured in-depth interviews and an online survey, 144 responses were obtained from internal Vietnamese auditors of nonfinancial companies listed on the Vietnamese stock market in 2021. After processing the data, the results revealed two factors (independence of internal auditor and management support for internal audit) with a positive influence on internal audit effectiveness, whereas the competence of internal auditors and quality of internal audit work did not affect internal audit effectiveness.

Keywords: effectiveness; internal audit; Vietnam (search for similar items in EconPapers)
JEL-codes: F2 F3 F41 F42 G1 G2 G3 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://www.mdpi.com/2227-7072/10/2/37/pdf (application/pdf)
https://www.mdpi.com/2227-7072/10/2/37/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jijfss:v:10:y:2022:i:2:p:37-:d:817285

Access Statistics for this article

IJFS is currently edited by Ms. Hannah Lu

More articles in IJFS from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().