The impact of corporate governance attributes on the internal audit efficiency in companies with state participation

Abstract

The paper aim is to study the impact of corporate governance attributes on the internal audit effectiveness. The relevance of the issues is due to the need to improve the provisions of the legislative framework on corporate governance, including the composition of the board of directors in companies with state participation. In the scientific research process of the problem, exploratory factor analysis and multiple linear regression analysis were used as statistical tools. The data is obtained from the reporting system published by 34 companies with state participation in Vietnam. As a result, several solutions have been proposed to build an effective corporate governance system in companies with state participation. It is approved that the government’s interference through its representatives on the board of directors and maintaining a high ownership concentration have a negative impact on the activities of internal audit, especially if these representatives are civil servants holding various positions in executive authorities.

Keywords

• корпоративное управление
• совет директоров
• представитель государства
• независимый директор
• концентрация собственности
• эффективность внутреннего аудита