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there is serious limitation in improving the ESG engagements to add value to

organizations for sustainable reporting. Fortunately, sustainability is about the wise use
and preservation of resources over the long term. Therefore, further research should be
performed for future integrated reporting on the achievement of the enterprise’s targets.
5. Conclusion
Performing internal audit ESG engagement is a practical requirement associated
with the international convergence trend. Viet Nam cannot be out of the stream.

However, for the successful implementation of ESG engagement, it is necessary to
strongly call for more guidance and policies on ESG immediately. Just as with any other
organizational risk, managing, monitoring, and reporting ESG risks and opportunities
requires setting up a strong control environment within an effective governance
structure; allocating appropriate resources, etc. Therefore, enhancing the effective
internal audit professionalism and performance of the integrated reporting process will
bring the best ESG’s opportunities for enterprises to achieve sustainable development

outcomes in the future.

Reference
1. ACSI (2015). Corporate Sustainability Reporting in Australia.
Https://acsi.org.au/wp-content/uploads/2020/02/2017-Sustainability-Report-FINAL.pdf
2. Boffo, R., and R. Patalano (2020). ESG Investing: Practices, Progress and Challenges”, OECD Paris.
Http://www.oecd.org/finance/ESG-Investing-Practices-Progress-and-Challenges.pdf
3. COSO Internal Control Framework (2023). Achieving effective internal control over sustainability
reporting (ICSR). www.coso.org.
4. Chartered Institute of Internal Auditors (2015). The role of internal audit in non-financial and
integrated reporting.
5. EY Vietnam (2024). ESG - Unlock sustainable finance in Viet Nam, An exclusive academic connective
for lecturers.
6. IIA (2022). Internal audit’s role in Integrated Reporting Assurance.
Https://www.theiia.org/en/content/white-paper/internal-audits-role-in-integrated-reporting-assurance
7. IAASB (2023), ISA 315 (revised) and ISA 520 (revised).
8. Linh Vu Thuy (2021). Advance Audit and Assurance. Academy of Finance, Finance Publishing House.
9. Sustainability Accounting Standards Board (2020). ESG Integration Insights, 2020 Edition.
10. Task Force on Climate-related Disclosures (2017). Recommendations of the Task Force on Climate
related Financial Disclosures.

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