2023, Vol. 6, Issue 2

author(s)
Nguyen Huynh An

abstract
The integration into the international economy presents challenges for managers in financial companies, requiring them to navigate the involvement of multinational financial corporations armed with financial, technical, and technological prowess. To thrive in this dynamic environment, financial companies must leverage effective and timely accounting tools, empowering decision-making and enhancing their competitive edge. From its inception, internal control in audit activity has proven to be a valuable managerial tool, fostering control within the company and serving as a supportive mechanism to enhance the efficiency and effectiveness of corporate governance, ultimately aiding the company in achieving its operational goals. The efficacy of internal control systems in financial companies remains a compelling topic, particularly amidst Vietnam's deepening and broader integration with regional and global counterparts. Conducting a comprehensive review of pertinent research, the author advocates for a model study examining the factors influencing the effectiveness of internal control systems in financial companies in Ho Chi Minh City (HCMC). The objective is to equip managers in financial companies with insights to identify the optimal conditions for successfully applying internal control system efficiency within their organizations.