Hung Tran Ngoc

Audit committees play a critical role in governance as financial disclosures are scrutinised. This study examines the effects of audit committees on the quality of financial reporting among Vietnamese listed firms, as well as how the efficacy and features of audit committees affect the accuracy, dependability, and transparency of financial reports. The study uses Partial Least Squares Structural Equation Modeling (SmartPLS) to analyse the association between audit committee features and financial report quality using a sample of 259 listed Vietnamese businesses across different industries. This approach was selected due to its capacity to manage complex systems and yield reliable outcomes. The results indicate that better financial report quality is correlated with more substantial audit committee features. In particular, it is thought that maintaining financial reporting accuracy depends heavily on audit committee members’ independence and financial knowledge. Furthermore, audit committee activity, including the frequency of meetings and thoroughness of reviews, enhanced financial reporting transparency significantly. These findings suggest that companies prioritizing robust audit committee structures may experience improved investor confidence and compliance with international reporting standards. This study adds to the expanding body of literature on financial reporting standards and corporate governance, focusing on the context of emerging economies such as Vietnam.

Type of the article: Research Article

Abstract
Online accounting services have become a financial innovation for Vietnamese small and medium-sized enterprises (SMEs) confronting tightening compliance requirements and limited internal accounting capacity. This study examines how perceived benefits, service quality, perceived risk, and technological factors relate to trust and continued use of online accounting services, and whether continued use is associated with non-financial operational performance. We analyzed cross-sectional survey data collected in 2025 from 362 Vietnamese SMEs already using such services using partial least squares structural equation modeling. All constructs met reliability and convergent validity thresholds (Cronbach’s α = 0.762-0.866; AVE = 0.616-0.713), and all heterotrait-monotrait ratios remained below 0.90. Perceived benefits showed the strongest positive association with trust (β = 0.403), followed by service quality (β = 0.303) and technological factors (β = 0.141), while perceived risk was negatively associated (β = –0.232). Trust was positively associated with continued use (β = 0.185) and transmitted significant specific indirect effects for perceived benefits (β = 0.074), service quality (β = 0.056), perceived risk (β = –0.043), and technological factors (β = 0.026); variance accounted for ranged from 14.7% to 22.2%, indicating complementary partial rather than full mediation. Continued use was positively associated with non-financial operational performance (β = 0.745). The model explained 68.1% of the variance in continued use, 66.2% in trust, and 55.5% in performance (all p < 0.01). Trust therefore complements rather than replaces direct evaluation in sustaining SMEs’ use of these services, although the cross-sectional, single-source design precludes causal inference.