Factors Affecting the Effectiveness of the Internal Control System at Colleges in Ho Chi Minh City

In this study, qualitative and quantitative research methods were used to determine and measure the influence of factors on the effectiveness of the internal control system at colleges in Ho Chi Minh City. The study’s results showed that five factors, including control environment, risk assessment, control activities, information and communication, and monitoring, have positive impacts on the effectiveness of internal control systems at colleges in Ho Chi Minh City. These factors, listed in the descending order of impact, are monitoring (standardized b = 0.445), information and communication (standardized b = 0.296), control environment (standardized b = 0.227), risk assessment (standardized b = 0.156), and control activities (standardized b = 0.115). Based on the study’s findings, some management implications were proposed to improve the effectiveness of internal control systems at colleges in Ho Chi Minh City, contributing to strengthening colleges’s management efficiency.