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A Study On Internal Control Of Firms In Thai Nguyen, Vietnam

Table 6:

Item Weighted Mean Verbal Interpretation
The company has a functional internal audit unit/department 3.11 N
The timing of the audit in the company is appropriate 3.28 N
The internal audit unit in the company has developed an internal audit manual that guides audit operations such as planning, implementation, monitoring, and evaluation. 3.23 N
Internal audit findings are reported directly to top management 3.21 N
The internal audit unit in the company plays a major role in fraud detection and prevention 3.22 N
Recommendations of the internal audit unit are taken very seriously in the company 3.40 A
The internal auditors demonstrate professionalism and on objective approach 3.27 N
The organization management has processes in place to assess whether control within each of the five components of internal control are present and functioning as intended 3.26 N
The organization management takes adequate and timely actions to correct deficiencies reported by the internal audit function, financial and programmatic monitoring activities 3.37 N
The internal audit department conducts its work independent of the management 3.10 N
Average Weighted Mean 3.24 N
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