E ISSN: 2583-049X

International Journal of Advanced Multidisciplinary Research and Studies

Volume 4, Issue 1, 2024

Improve the Quality of Financial Reports through Strengthening Internal Audit: Case Study at Garment Companies Listed on the Stock Market

Author(s): Tran Thi Thu Thuy, Le Kim Anh


Financial reports are considered one of the key components of management information, taking on the role of managing financial information resources for businesses. The quality of financial reporting is worryingly declining and causing many direct consequences for the market and investor confidence. Vietnam's textile and garment industry has always been one of Vietnam's key export industries for many years. Although, after the Covid 19 epidemic, the manufacturing industry in general and the garment industry in particular faced many difficulties. However, on the stock market, textile and garment stocks have recently received cash flow attention. To attract cash flow from investors, listed companies in general and listed garment companies in particular are required to create trust for investors with the quality of information on financial reports. The article studies the current state of internal audit organization of garment companies listed on the Vietnamese stock market through survey data of 9 listed garment companies. From the research results, the authors propose a number of solutions to strengthen internal audit to improve the quality of financial reports of garment companies listed on the Vietnamese stock market.

Keywords: Internal Audit, Financial Reports, Garment Companies Listed on the Vietnamese Stock Market

Pages: 1260-1264

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