Opportunities and challenges in applying new technology in internal auditing to detect accounting fraud in enterprises in Vietnam

Abstract

This study is conducted to examine the opportunities and challenges of applying new technology in internal auditing to detect accounting fraud in enterprises in Vietnam. Using qualitative research methods, based on the study of relevant documents, the research results show that technologies such as Data Analysis, AI, Blockchain and Robotic ProcessAutomation offer significant potential to improve fraud detection. However, challenges such as: Limited awareness, resource constraints, data quality issues, complex regulations, resistance to change, and ongoing maintenance need to be overcome. Based on the results of the study, a number of recommendations are made to internal auditors and stakeholders to improve their ability to detect accounting fraud. Thereby, increasing financial integrity, protecting from fraud risks and contributing to the sustainable development of the business ecosystem in Vietnam.