Nguyen Thanh Tung

This study determines and measures the factors affecting the perception and applicability of fair value accounting by related personnel in enterprises, including business owners, managers, accountants, and internal auditors. At the same time, it analyzes the relationship between applied perception and the applicability of fair value accounting. 808 respondents, working in 350 construction enterprises in Vietnam, participated in the survey. This study combines qualitative and quantitative methods using SPSS and AMOS 20 with different techniques and structural equation modeling. The study results show that the applied perception significantly affects the applicability of fair value accounting at construction enterprises in Vietnam. Besides, eight different factors influence the applied perception of fair value accounting. Notably, six factors positively influenced the applied perception, including usefulness, reliability, cost-benefit relationship, size of the enterprise, qualification of accountants, and independent auditors. In contrast, two factors, legal matters and tax pressure, negatively affected the applied perception. This study suggests that managers of Vietnam’s construction enterprises develop solutions to improve the applied perception and applicability of fair value accounting, thereby perfecting the system accounting and improving business performance.

Acknowledgment
This study is conducted within the framework of the doctoral project subject to Decision No. 1407/QD-ĐHDT dated May 22, 2020, Duy Tan University, Vietnam. The authors would like to acknowledge the reviewers and the editor-in-chief for their assistance.

Type of the article: Research Article

In the dynamic landscape of emerging economies like Vietnam, digital transformation is increasingly recognized as a strategic imperative for enhancing corporate governance and transparency. This study aims to evaluate the direct impact of technological integration on internal control effectiveness and investigate the moderating mechanism of firm size in this relationship. To ensure representativeness across small, medium, and large organizational scales, a stratified random sampling technique was employed. The quantitative data were collected over a six-month period from October 2024 to March 2025. A structured questionnaire, validated by experts and utilizing a 5-point Likert scale, was distributed via email to key personnel in Vietnamese enterprises, resulting in 452 valid responses. The partial least squares structural equation modeling method was applied to analyze the data, specifically chosen for its suitability with non-normal distributions. The results demonstrate that digital transformation exerts a substantial positive influence on internal control effectiveness (β = 0.424, p-value < 0.001), confirming that digitization significantly bolsters risk management capabilities. Crucially, the analysis identifies a statistically significant negative moderating effect of firm size (β = –0.190, p-value < 0.001). These findings indicate that the positive impact of digitalization on internal control diminishes as organizational scale increases. The study concludes that while large corporations face structural inertia, small and medium-sized enterprises leverage their agility to achieve superior control outcomes, necessitating tailored strategies for different enterprise scales.