Factors Affecting the Ability to Detect Accounting Fraud of Internal Auditors at Vietnamese Commercial Banks

Abstract

This study was conducted to investigate the influence of factors on the ability to detect accounting fraud of internal auditors at Vietnamese commercial banks. Using quantitative research methods, based on a survey of 242 internal auditors at 34 Vietnamese commercial banks between December 2023 and February 2024. The regression results show that the factors in order of influence diminish, including: Internal auditor's capacity; Resources and technology; Communication and cooperation; Internal control system; Organizational culture; and Legal environment. Based on these findings, the study has made a number of recommendations to stakeholders to improve the ability of internal auditors in Vietnamese commercial banks to detect fraud. Thereby, helping commercial banks strengthen their internal control systems, improving the capacity of auditors and promoting a culture of ethical conduct to minimize the risk of accounting fraud.