FACTORS AFFECTING THE VALIDITY OF INTERNAL AUDIT RESEARCH AT COMMERCIAL BANKS IN VIETNAM

Abstract

This study was conducted to assess the influence of factors on the validity of internal audit in commercial banks in Vietnam. Data collected from the questionnaire was sent to 215 subjects, including internal auditors, managers of commercial banks and audited entities. By quantitative research method, the results indicate that there are 3 main factors that affect the validity of internal audit in descending order, including: The capacity of internal auditors; The relationship between internal auditors and independent auditors; The independence of internal audit. Based on the research results, a number of recommendations are made to stakeholders to improve the effectiveness of internal audit in commercial banks in Vietnam.