Factors Affecting Internal Audit Effectiveness: Empirical Evidence from Vietnam

Ta, Thu Trang; Doan, Thanh Nga

doi:10.3390/ijfs10020037

Cited by 20 publications

(14 citation statements)

References 26 publications

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“…The proportion of respondents rating it high was 85%. This is similar to a study among Vietnamese companies where participants rated effectiveness to be 4.34 [35]. In contrast, a study from India reported slightly higher scores of 4.55 [28].…”

Section: Discussionsupporting

confidence: 85%

“…The independence of the audit team has been reported to be a strong predictor of IAE by researchers who studied various types of organizations in different countries [19, 22, 35]. In this study, a moderate correlation was observed between the IAE and independence.…”

Section: Discussionmentioning

confidence: 47%

“…This is lower than reports from India (4.52) [28] and Malaysia (4.46) [26]. On the other hand, studies from Vietnam and Israel reported lower scores [25, 35]. Audit teams must be free from any influences, and organizations must ensure that any conflicts of interest between audit teams and departments are identified beforehand to achieve the goals of audit.…”

Section: Discussionmentioning

confidence: 80%

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Factors of Effective Internal Audits for Patient Safety in Primary Health Care Centers of Taif, Saudi Arabia

Alshamrani

2023

Saudi J Health Syst Res

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Introduction: Internal audit is one of the tools to ensure safety in patient care. Literature on the internal audit effectiveness (IAE) in patient safety is scarce in Saudi Arabia. This study therefore aimed to assess the factors which influence the IAE in patient safety. Methods: A cross-sectional study was conducted among primary healthcare centers’ general directors and medical directors in Taif, Saudi Arabia. Data were collected using a validated structured questionnaire in Arabic and English. The questionnaire besides sociodemographics characteristics collected data on support of management, interdepartmental coordination, independence, objectivity, competence, and IAE. Analysis was done on SPSS version 26.0. Pearson correlation was used to see the relationship between factors and the IAE in patient safety. Results: A total of 94 participants were included in the analysis. The mean scores in each of the domains on a scale of 5 were; support of management 4.04, interdepartmental coordination 3.95, independence 4.03, objectivity 4.20, and competence 4.46, while for the IAE the mean score was 4.36. Correlation analyses found that the IAE was significantly associated with all five factors. All the factors had moderate association except for objectivity which had a weak correlation with IAE. Conclusions: Overall, there were satisfactory scores for the factors which affect IAE with room for further improvement. All the factors studied were positively associated with the IAE, indicating a need for healthcare organizations to consider these factors while planning internal audit activities. Further research on large scale is required to provide robust and generalizable results.

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Section: Discussionsupporting

confidence: 85%

Section: Discussionmentioning

confidence: 47%

Section: Discussionmentioning

confidence: 80%

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Factors of Effective Internal Audits for Patient Safety in Primary Health Care Centers of Taif, Saudi Arabia

Alshamrani

2023

Saudi J Health Syst Res

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“…Internal audit loses its effectiveness when it functions primarily as a channel of information to senior management, rather than the audit committee. To guarantee effective implementation and feedback, the internal audit units and their individuals must be independent from other organisational departments, such as senior management, functional departments and their leaders (Ta and Doan, 2022). Alzeban (2021) notes that if an internal audit is not sheltered from pressure from senior management, the likelihood of accurately and appropriately reporting its concerns is quickly diminished.…”

Section: Theoretical Background and Hypothesis Development 21 Interna...mentioning

confidence: 99%

Internal auditors’ independence under workplace bullying stress: an investigative study

Taha

2023

JIABR

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Purpose This study aims to examine the direct influence of workplace bullying (WB) on internal auditors’ independence using the nexus between the agency theory and social exchange theory. From the internal auditors’ perspective, the investigation covered both government and private colleges and universities in one of the Middle East countries. Design/methodology/approach A survey was administered and delivered to internal auditors at each of the 85 educational institutions. A total of 267 valid questionnaires were analysed. The study’s measurement and structural models were tested and evaluated by using SmartPLS v.4 and partial least squares-structural equation modelling. Findings The study results indicated that bullying is common among senior managers, and that it has a significant, negative, high-level and direct effect on the independence of internal auditors in the higher education sector. Practical implications Regulators and other stakeholders should make a deliberate effort to promote positive behaviours and abandon negative ones regarding the independence of internal auditors and the performance of audit teams, which play a crucial role in enhancing the efficiency of audit units. For example, enhancing coordination and communication internally and externally. In addition to providing the internal auditors with equitable advancement and learning opportunities, senior management should also support their professional development. Originality/value To the best of the author’s knowledge, this study is the first to examine the relationship between WB and the internal auditor’s independence in the context of government and private organisations in Southwest Asian countries.

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“…Management support is linked to hiring trained and experienced staff, providing sufficient resources, enhancing the relationship with external auditors, and having an independent internal audit department. Besides independence and autonomy, management support becomes critical to facilitate the internal auditors in conducting their duties (Mihret & Yismaw, 2007;Cohen & Sayag, 2010;Alzeban & Gwilliam 2014, Dellai & Omri, 2016Drogalas, Karagiorgos, & Arampatzis, 2015;Baheri, Sudarmanto & Wekke, 2017;Ta & Doan, 2022). According to Sarens & De Beelde (2006), internal audit needs support of senior management to gain the general acceptance and recognition of its organizational structure.…”

Section: * Management Support (Ms)mentioning

confidence: 99%

A Study on Demand - Side Factors Affecting Internal Audit Effectiveness in Private Companies in Vietnam

Phạm Thị Bich

2023

Advances in Economics, Business and Management Research

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This research aims to investigate effects of demand-side factors influencing internal audit effectiveness in private companies in Vietnam. Conducting a survey, 228 questionnaires were sent to managers, audit committee members, head of internal control department and external auditors of private companies in Vietnam to assess internal audit effectiveness and factors affecting its effectiveness. Through using qualitative and quantitative method, the results indicate that management support, interaction between internal and external auditor, supportive control environment, cooperation with audit committee and existence of follow -up process positively impact on internal audit effectiveness while two other factors cultural dimension and information and communication do not affect its effectiveness.

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Factors Affecting Internal Audit Effectiveness: Empirical Evidence from Vietnam

Cited by 20 publications

References 26 publications

Factors of Effective Internal Audits for Patient Safety in Primary Health Care Centers of Taif, Saudi Arabia

Factors of Effective Internal Audits for Patient Safety in Primary Health Care Centers of Taif, Saudi Arabia

Internal auditors’ independence under workplace bullying stress: an investigative study

A Study on Demand - Side Factors Affecting Internal Audit Effectiveness in Private Companies in Vietnam

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