FACTORS AFFECTING AUDIT QUALITY OF FINANCIAL STATEMENTS: A RESEARCH IN VIETNAM INDEPENDENT AUDIT COMPANIES

Abstract

This study evaluates the factors affecting the audit quality of financial
statements at independent auditing firms, in order to find solutions to improve
the audit quality of financial statements for auditing firms. independence.
Through survey method, research data was collected from 232 auditors working
at independent auditing firms. Survey data were analyzed using SPSS software.
The research results have shown six factors: (i) Organizational structure, (ii)
Professional ethical requirements, (iii) Leadership responsibilities, (iv) Customer
acceptance procedures; (v) Inspection and supervision from the quality
management system, (vi) Human resources have an influence on the quality of
the audit of financial statements. On the basis of the research results, the authors
propose some recommendations to improve the audit quality of financial
statements of independent auditing firms.