Impact of digital transformation on accounting effectiveness in Vietnamese small and medium-sized enterprises: The mediating role of internal control

CHU THI THU THUY

PhD., Thanglong University; Email: [email protected]

NGUYEN QUOC TOAN, HA ANH THU, HA QUYNH ANH,

DOAN NGOC DIEP, DO ANH DUONG, NGUYEN BAO PHUONG CHI

Thanglong University

Abstract

This study examines the impact of digital transformation on accounting effectiveness in Vietnamese small and medium-sized enterprises, with internal control acting as a mediating variable. Data were collected from 167 enterprises and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results indicate that digital transformation positively affects accounting effectiveness both directly and indirectly through internal control. Notably, the indirect effect is stronger than the direct effect, highlighting the important role of internal control in enhancing accounting effectiveness. The findings suggest that enterprises should integrate digital transformation with effective internal control systems and employee capability development to improve accounting performance

Keywords: Digital transformation, small and medium-sized enterprises, accounting effectiveness, internal control

(This article was published in the Vietnam Economic&Financial Review, Vol 2, Issue 3, June 2026)

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