Determinants Influencing Audit Quality: The Case of State Audit of Vietnam
Author(s)
Manh Dung Tran , Manh Cuong Nguyen , Huu Dong Nguyen ,
Download Full PDF Pages: 70-78 | Views: 1522 | Downloads: 397 | DOI: 10.5281/zenodo.3483433
Abstract
This study is conducted to investigate the impact levels of determinants influencing audit quality of ODA projects with the case of State Audit of Vietnam. By interviewing state auditors, observing audit activities in the audit process of ODA projects and sending questionnaires to auditors, primary data were used for running the regression model of audit quality. The results show that two groups of external factors of legal framework and auditee have positive relationships with audit quality, but auditee has a stronger impact. For internal determinants, the impact levels to audit quality reduce from expertise to duration, knowledge, profession with a significant level of 1%. Compliance variable has the lowest level of influence with 10% of a significant level. Working conditions and control are not statistically significant and no impact on the audit quality of ODA project. Based the findings, some recommendations are given for State Audit of Vietnam to improve audit quality of ODA projects.
Keywords
Audit quality, Determinants, State Audit, Vietnam
References
i. Arens, A. A; Randal, J. E & Beasley, S. M (2006), Auditing and Assurance Services, 11th Ed, Prentice Hall, New Jersey.
ii. Carlin, T. M., Finch, N. & Khairil, K. F., (2010), "Singapore Audit Quality and The Complexity of FRS 36 Disclosures Requirements", International Review of Business Research Papers, 6(2), 81-94.
iii. Carlin, T. M., Finch, N. & Tran, M. D. (2015), "Audit Quality Differences Among Auditors: The Case of Hong Kong”, Journal of Economics & Development; 17(1), 75-92.
iv. Singapore Audit Quality and The Complexity of FRS 36 Disclosures Requirements", International Review of Business Research Papers, 6(2), 81-94.
v. Boon, K. (2007), Compulsory Audit Tendering and Audit Quality: Evidence from Australian Local Government, PhD Thesis, Macquarie University.
vi. Bui, T. T. (2013), Determinants influencing audit quality of listed firms, PhD Thesis, National Economics University, Vietnam.
vii. DeAngelo, L. E., (1981), "Audit Size and Audit Quality", Journal of Accounting and Economics, 3, 183-199.
viii. Defond, M. L. & Jiambalvo, J., (1991), "Incidence and Circumstances of Accounting Errors", The Accounting Review, 66(3), 643-655.
ix. Guo, Z. X. (2010), Research on the audit method for the government’s investment project, Master Thesis, Wuhan University, China.
x. Ha, T. N. H. (2011), Improving quality control for audit works of listed firms, Scientific research of Ministry of Finance, Vietnam.
xi. Le, A. M. (2014), A Strategy to change the audit process of The State audit office of Vietnam to align with the Australian Government audit process. DBA, Central Queensland University, Australia.
xii. Libby, R., Nelson, M. W. & Hunton, J. E., (2006), "Recognition v. disclosure, auditor tolerance for misstatement, and reliability of stock-compensation and lease information", Journal of Accounting Research, 44(3), 553-60.
xiii. Liu, L. Y. (2006), Application of the audit in the airport construction project, Master Thesis, Beijing University of Aeronautics & Astronautics, China.
xiv. Ngo, D. L. (2002), Improving audit quality of independence auditors, PhD Thesis, Commercial University, Vietnam.
xv. Robert, D. A & David, J. H (1998), Audit of the Federal Government’s Financial Statements, The CPA Journal, Aug 1998 (68).
xvi. Thomas, C.W. (2003) “Research about audit quality”. The CPA Journal.
xvii. Tran, M. D. (2011), Goodwill impairment: The case of Hong Kong, PhD Thesis, Macquarie University, Australia.
xviii. Wang, X. K. (2006), The research of governmental performance audit in our country, Master Thesis, Shandong University, China.
Cite this Article: