Article: Exploration the influence to information quality of financial statements from internal control structure – an approach to education field in public sector Journal: International Journal of Intellectual Property Management (IJIPM) 2022 Vol.12 No.3 pp.318 - 340 Abstract: This research aimed to explore constituents of internal control system (ICS) and appraised their effect on the financial reports' quality (QFSI) in public sector (PS) for educational area (PES) of Mekong Delta region. This study collected the primary data from 483 accountants from the PESs of varied segment of Mekong Delta region based on quota sampling scheme. Data was analysed using Cronbach's alpha reliability analysis, exploratory factor analysis (EFA), confirmatory factor analysis (CFA), and structural equation models (SEM). The SEM analysis of data collected resulted in the best fitting measurement model of impact of five parts of ICS on QFSI in PES in Mekong Delta region. Thus, the study significantly gave an empirical insight into the interrelationship among the constructs of control environment, risk assessment, control activities, information and communication and monitoring and their effects on QFSI. Taking into account of this result, academics would be enabled to further investigate on the topic while management team or responsible leaders who undertook ICS in the PES in the region of Mekong Delta could consider it as a guideline in forming suitable ICS for their organisation. Inderscience Publishers - linking academia, business and industry through research

Title: Exploration the influence to information quality of financial statements from internal control structure – an approach to education field in public sector

Authors: Pham Quang Huy; Vu Kien Phuc

Addresses: Faculty of Public Sector Accounting, University of Economics Ho Chi Minh City – UEH, Ho Chi Minh, Vietnam ' Faculty of Accounting, University of Economics Ho Chi Minh City – UEH, Ho Chi Minh, Vietnam

Abstract: This research aimed to explore constituents of internal control system (ICS) and appraised their effect on the financial reports' quality (QFSI) in public sector (PS) for educational area (PES) of Mekong Delta region. This study collected the primary data from 483 accountants from the PESs of varied segment of Mekong Delta region based on quota sampling scheme. Data was analysed using Cronbach's alpha reliability analysis, exploratory factor analysis (EFA), confirmatory factor analysis (CFA), and structural equation models (SEM). The SEM analysis of data collected resulted in the best fitting measurement model of impact of five parts of ICS on QFSI in PES in Mekong Delta region. Thus, the study significantly gave an empirical insight into the interrelationship among the constructs of control environment, risk assessment, control activities, information and communication and monitoring and their effects on QFSI. Taking into account of this result, academics would be enabled to further investigate on the topic while management team or responsible leaders who undertook ICS in the PES in the region of Mekong Delta could consider it as a guideline in forming suitable ICS for their organisation.

Keywords: internal control structure; QFSI; PES; Mekong Delta region; education field in public sector; confirmatory factor analysis; CFA; exploratory factor analysis; EFA; educational area; International Public Sector Accounting Standards; IPSAS; influence to information quality of financial statements.

DOI: 10.1504/IJIPM.2022.124654

International Journal of Intellectual Property Management, 2022 Vol.12 No.3, pp.318 - 340

Received: 30 Apr 2020
Accepted: 17 Jul 2020
Published online: 31 Jul 2022 *

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Title: Exploration the influence to information quality of financial statements from internal control structure – an approach to education field in public sector

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