Factors affecting external auditors’ assessment of performance materiality in Vietnam

Abstract

External audit reports on financial statements are information many users depend on to make decisions. The
materiality and performance materiality has an influence on audit opinions, audit scope, and audit procedures. This
article has analyzed the literature review in Vietnam and on the world about auditors’ assessment of materiality
and performance materiality in order to definite the research gap, develop a hypothesis, and research model. This
research has use results from the survey, use Cronbach’s alpha and EFA analyses to definite suitable factors
and then use polynomial regression. The final result shows that all three factor-groups (auditors and audit firms,
clients’ characteristics and other objective factors) have affected the assessment of performance materiality