Factors Affecting the Efficiency of the Internal Control System, Impact on the Competitiveness of Vietnam Businesses. Case Study in Binh Duong Province-Reference-Cited by-同舟云学术

Factors Affecting the Efficiency of the Internal Control System, Impact on the Competitiveness of Vietnam Businesses. Case Study in Binh Duong Province

Published:2022-09-05 Issue: Volume:19 Page:1373-1379
ISSN:2224-2899
Container-title:WSEAS TRANSACTIONS ON BUSINESS AND ECONOMICS
language:en
Short-container-title:

Author:

Long Nguyen Vuong Thanh¹,Phu Nguyen Huu²,Nhi Vo Van³,Toan Le Duc⁴,Son Nguyen Phi²

Affiliation:

1. Economics Faculty, Thu Dau Mot University, 06 Tran Van on Street, Binh Duong Province, 820000, VIETNAM

2. Board of Provost, Graduate School, Duy Tan University, 03 Quang Trung Street, Da Nang City, 550000, VIETNAM

3. Accounting Faculty, University of Economics Ho Chi Minh City, 59C Nguyen Dinh Chieu Street, Ho Chi Minh City, 70000, VIETNAM

4. Socio – Eco Research Institute, Graduate School, Duy Tan University, 03 Quang Trung Street, Da Nang City, 550000, VIETNAM

Abstract

The article presents research on the factors affecting the effectiveness of the internal control system, thereby finding out the relationship between the effectiveness of the internal control system and the competitiveness of enterprises. The data was surveyed at 150 enterprises in Binh Duong province and processed through SPSS 20.0 software. The results show that there are 6 factors affecting the effectiveness of the internal control system. The control environment is a factor that strongly influences the effectiveness of internal control. The effectiveness of the internal control system affects the competitiveness of the enterprise. From the research results, the article has proposed some managerial implications for the relevant units.

Publisher

World Scientific and Engineering Academy and Society (WSEAS)

Subject

Economics and Econometrics,Finance,Business and International Management

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