Factors affecting the efficiency of the internal control system at Thanh Khoi limited company

Abstract

The study aimed at identifying the factors affecting the effectiveness of the internal control system at Thanh Khoi Co., Ltd. The data used in the analysis was collected from direct interviews with 158 staff working at Thanh Khoi Co., Ltd. Research methods include descriptive statistics, Cronbach's Alpha test, exploratory factor analysis (EFA) and linear regression analysis. Results showed that there were factors affecting the efficiency of the internal control system such as: information and communication with unstandardized coefficients is 0,361, risk assessment with unstandardized coefficients is 0,235, control activities with unstandardized coefficients is 0,235, monitoring with unstandardized coefficients is 0,193 and control environment with unstandardized coefficients is 0,173. Based on the research’s findings, management implications to improve the internal control system and achieve the best effectiveness for the company's business activities.