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Journal of Finance – Marketing; Vol. 70, No. 4; 2022
ISSN: 1859-3690
DOI: https://doi.org/10.52932/jfm.vi70
Journal of Finance – Marketing
http://jfm.ufm.edu.vn
TRƯỜNG ĐẠI HỌC TÀI CHÍNH – MARKETING
ISSN: 1859-3690
Số 70 - Tháng 08 Năm 2022
TẠP CHÍ
NGHIÊN CỨU
TÀI CHÍNH - MARKETING
JOURNAL OF FINANCE - MARKETING
TRƯỜNG ĐẠI HỌC TÀI CHÍNH – MARKETING
*Corresponding author:
Email: lethimen@tckt.edu.vn
THE CURRENT SITUATION OF INTERNAL CONTROLS OF SMALL
AND MEDIUM-SIZED ENTERPRISES IN THE MANUFACTURING SECTOR IN
HO CHI MINH CITY
Le Thi Men1*
1University Of Finance and Accountancy
ARTICLE INFO ABSTRACT
DOI:
10.52932/jfm.vi70.322
In the process of production and business activities, enterprises have to face
a lot of risks, external and internal factors affecting the implementation of
enterprises goals. And then internal control acts as an effective tool for
enterprises to cope with risks, reduce risk to acceptable levels, ensure
efficiency and efficiency of operations; reliability of information and
enhanced compliance with laws and regulations. The following research
paper adopts a survey of internal control in 360 small and medium-sized
enterprises in the manufacturing sector in Ho Chi Minh City in 2020,
through five components of internal control to clearly see the current state
of internal control at small and medium-sized enterprises in Ho Chi Minh
City. The results show that in general surveyed enterprises are still weak
in activities of “Monitoring”, “Control activities” and “Risk assessment”.
The activities “Information communication” and “Control environment”
are two components with a high rate of the five components of internal
control. Some recommendations are given by the author such as the
need to develop a reasonable personnel policy, step by step build a risk
assessment process, strengthen monitoring activities, etc. From that,
gradually improve the inspection internal control at small and medium-
sized enterprises in Ho Chi Minh City.
Received:
January 31, 2021
Accepted:
June 03, 2021
Published:
August 25, 2022
Keywords:
Internal control of
enterprises; Internal
control of small and
medium enterprises.