Tran Tu Uyen

Main Article Content

Abstract

Financial statements are written records that convey the business operations and financial performance of a company, directly affecting investors' decisions. However, at present, the awareness of investors or auditing firms is still limited in controlling the quality of audits. Through quantitative research methods and multivariate regression analysis to measure the level of influence of these factors, the article has found 5 factors affecting the audit quality of financial statements of listed businesses which include (1) Auditing firm size, (2) In-depth skill of auditors, (3) Quality control procedures at the audit firm, (4) Price of auditing, (5) Service range of the auditing company. Then, the study made a number of recommendations for independent auditing companies and related agencies to improve the audit quality of financial statements of listed companies, at the same time, to find the development direction for the audit profession.

Keywords: Audit quality of financial statements, listed businesses.

References

1. A Framework for Audit Quality (2008) developed and approved by the International Auditing and Assurance Standards Board (IAASB) May 15 2008.
2. Audit Quality in Australia – A Brief Overview of Recent Regulatory and Professional Developments, Australian Government 2010.
3. Linda Elizabeth DeAngelo (1981), Auditor size and audit quality, University of Pennsylvania, Philadelphia, P.A 19104, USA
4. C.S Lennox (1999), "Audit Quality and Auditor Size: An Evaluation of Reputation and Deep Pockets Hypotheses", Journal of Business Finance and Accounting. 26(7/8), pp. 779-805.
5. S Shu (2000), "Auditor Resignations: Clientele Effects and Legal Liability", Journal of Accounting and Economics. 29, pp. 173-205.
6. R Dye (1993), "Auditing Standards, Legal Liability, and Auditor Wealth", Journal of Political Economy. 101, pp. 877-914
7. S Kwon (1996), "The Impact of Competition within the Client’s Industry on the Auditor Selection Decision", Auditing: a Journal of Practice and Theory (Spring), pp 53- 70
8. D. and M. Stein Simunic (1987), "Production Differentiation in Auditing: a Study of Auditor Choice in the Market foe New Issues", Canadian Certified General Accountants’ Research Foundation pg 15-20
9. M. and A. Wright Maletta (1996), "Audit Evidence Planning: an Examination of the Industry Error Characteristics", Auditing: a Journal of Practice and Theory (Spring), pp. 71- 86
10. R.A. and D. Neu Davidson (1993), "A Note on the Association between Audit Firm Size and Audit Quality", Contemporary Accounting Research. 9(Spring), pp. 479-488
11. Jr. And Gary A.Giroux Donald R.Deis (tháng 7/1992), "Determinants of Audit Quality in the Public Sector", The Accounting Review (American Accounting Association), Vol, No.3 (Jul.,1992), pp.462-479
12. S. Balsam, J. Krishnan and J.S. Yang (2003), "Auditor Industry Specialization and Earnings Quality. Auditing", A Journal of Practice and Theory. 22(2), tr. 71- 97
13. K. Boon, Crowe, S., McKinnon, J. & Ross (2005), "Compulsory Audit Tendering and Audit Fees: Evidence from Australian Local Government. International Journal of Auditing", Accounting Research Journal, Volume 9, Number 3, pp. 221-241.
14. Jr. And Gary A.Giroux Donald R.Deis (1992), "Determinants of Audit Quality in the Public Sector", The Accounting Review (American Accounting Association), Vol, No.3 (Jul.,1992), pp.462-479.
15. S Kwon (1996), "The Impact of Competition within the Client’s Industry on the Auditor Selection Decision", Auditing: a Journal of Practice and Theory (Spring), pp 53- 70
16. R.A. and D. Neu Davidson (1993), "A Note on the Association between Audit Firm Size and Audit Quality", Contemporary Accounting Research. 9(Spring), pp. 479-488
17. Scheiner, J. H. (1984), An Empirical Assessment of the Impact of SEC Nonaudit Service Disclosure Requirements on Independent Auditors and theirs Clients, Journal of Accounting Research, Vol.22, pp789 – 797..
18. D.L. and F.D. Beck Lindberg (2002), "Before and After Enron: CPA’s Viewson Auditor Independence", CPA Journal (LXXIV (11)).
19. Bùi Thị Thủy, (2014), Nghiên cứu các nhân tố ảnh hưởng tới chất lượng kiểm toán BCTC các doanh nghiệp trên thị trường chứng khoán Việt Nam. Luận văn Tiến sỹ Tháng 1/2014 trường Đại học kinh tế quốc dân.
20. Lại Thị Thu Thủy và Phạm Đức Hiếu, (2017), Các nhân tố ảnh hưởng tới chất lượng kiểm toán báo cáo tài chính của các công ty kiểm toán độc lập: Nghiên cứu khách hàng là các doanh nghiệp FDI, Tạp chí công thương (tháng 11.2017).