Audit quality and independence concerns after major audit reforms within a developing country: stakeholder perceptions from Vietnam

IF 2.8 3区 管理学 Q2 BUSINESS, FINANCE
Lan Anh Nguyen, Michael Kend, H. Luong
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引用次数: 1

Abstract

Purpose The purpose of this exploratory study is to investigate the perceptions of key stakeholders in Vietnam on the impact on audit quality and independence after major reforms to audit. Design/methodology/approach Using new institutional sociology, this study seeks to explain how Vietnamese external auditors and accountants have responded to audit reforms and provides perceptions on how audit quality and independence may have been impacted. This study draws on semi-structured interviews conducted with 33 highly experienced participants, representing various stakeholder groups in Vietnam. Findings The findings indicate that after almost a decade since the full implementation of the Law of Independent Audit (2011) in Vietnam, the audit and assurance market in Vietnam is characterised by low quality audits, a lack of compliance with standards and auditor independence concerns, specifically amongst the smaller audit practitioners. Participants indicated that competition for new audit clients or retaining existing clients is a priority over improving audit quality and independence. Originality/value By examining a combination of different factors relating to audit quality and independence, the authors further demonstrate the impact of these factors in Vietnam, helping audit professionals and regulators to have a better and more meaningful understanding of that state of the audit profession. This study also considers audit concerns or issues arising because of the COVID-19 pandemic in Vietnam.
发展中国家重大审计改革后的审计质量和独立性问题:越南利益相关者的看法
目的本探索性研究的目的是调查越南主要利益相关者对审计重大改革后对审计质量和独立性的影响的看法。设计/方法/方法利用新的制度社会学,本研究试图解释越南外部审计师和会计师如何应对审计改革,并提供对审计质量和独立性可能受到影响的看法。本研究采用了对33名经验丰富的参与者进行的半结构化访谈,这些参与者代表了越南的各个利益相关者群体。调查结果表明,自《独立审计法》(2011年)在越南全面实施近十年以来,越南的审计和担保市场以低质量审计为特征,不遵守标准和审计师独立性问题,特别是在规模较小的审计从业人员中。与会者表示,竞争新的审计客户或留住现有客户比提高审计质量和独立性更为重要。原创性/价值通过研究与审计质量和独立性相关的不同因素的组合,作者进一步证明了这些因素在越南的影响,帮助审计专业人员和监管机构更好、更有意义地了解审计行业的状况。本研究还考虑了越南新冠肺炎大流行引起的审计问题或问题。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
5.40
自引率
13.80%
发文量
45
期刊介绍: The key areas addressed are: ■Audit and Assurance (financial and non-financial) ■Financial and Managerial Reporting ■Governance, controls, risks and ethics ■Organizational issues including firm cultures, performance and development In addition, the evaluation of changes occurring in the auditing profession, as well as the broader fields of accounting and assurance, are also explored. Debates concerning organizational performance and professional competence are also covered.
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