Evaluation of the internal control system for SMEs in the Mekong Delta based on the COSO framework

The internal control system is an effective tool to ensure the safety of investment capital, manage business risks, and build an effective and timely operating mechanism. From that basis, the enterprise can grasp the operational situation, avoid causing loss of assets and affect its continuous operative ability. Evaluation of the five components that make up the internal control system based on the COSO framework, the study concludes that for small and medium-sized enterprises, due to limited capital, size, and the number of employees, the internal control system remains some typical limitations. First, enterprises do not ensure the confidentiality of employees’ income, causing disunity among employees. Second, the division of work to accountants, storekeepers, and cashiers also violates the principle of non-duality which has potential risks of loss and intentional profit. Third, most units have not yet established an internal control/audit committee, leading to poor risk management and difficulty controlling business objectives. Besides, an independent auditor has not reviewed the financial statements, and management of the fund’s cash amount has not yet had a scientific basis. Based on the aforementioned results, several proposed solutions will improve the internal control system for small and medium enterprises in the Mekong Delta

Factors affecting the decision to participate in the evaluation of modules of the students at Can Tho University

Student assessment of lecturers’ teaching is an effective method to provide a basis for solutions to ensure the training’s quality at universities. At Can Tho University, this assessment has been carried out in the form of an online assessment, however, the student’ response rates is quite low and tends to decrease over the years. Descriptive statistics, the exploratory factor analysis method and logistic regression were used to identify the factors that affect students’ participation in this assessment, on which basis proposing some solutions to improve this students’ assessment at Can Tho University. With the number of students participating in the survey of 395 students, the research has identified four factors that affect students’ decision to participate in the assessment: courses, safety and security for users, benefits when making assessment, and feeling easy of implementation have the effect of increasing student participation probability. Relying on the results, checking current regulations, and consultation with experts, the study has proposed some solutions such as improving technical infrastructure, enhancing information and communication activities, raising awareness for students to increase the students’ response rates to this assessment activity