Summary of doctoral thesis: Research on factors affecting audit quality of financial statements of listed companies in the Vietnamese Stock Market

The topic’s focus is to identify factors affecting audit quality of financial reports of listed companies in the Vietnamese stock market by independent auditing firms. The research objects are joint stock firms with securities (stocks and bonds) listing on the Ho Chi Minh City and Hanoi Stock Exchanges.
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Summary of doctoral thesis: Research on factors affecting audit quality of financial statements of listed companies in the Vietnamese Stock Market 1 2 INTRODUCTION 2. Literature review Review of Literature that have been conducted in oversea and1. The necessity of the thesis Vietnam Auditing plays an important role in maintaining and issuing financial Applied research methodologiesreports with high quality. However, the bankruptcy of Enron Corporation, one Research questions and findingsof the leading energy corporations in the US in 2001, resulting in the downfall Research questions and findings focus on the main point, which isof Arthur Andersen, a world-class prestigious auditing firm in 2002, raised the evaluating perception of survey objects about the impact level of factors affecting audit quality; identifying important factors affecting audit quality byconcerns about audit quality. A series of scandals about audit quality of using a scale of evaluation as from 1 to 5 or 7, from “very low” to “very high”.independent auditing firms was disclosed after that has involved incorrect Representative researches are from Schroeder et al (1986); Carcello et alopinions about financial reports like in the bankruptcy cases of Worldcom or (1992), Aldhizer et al (1995); Warming-Rasmussen & Jensen (1998); Chen etKmart corporations. In Vietnam, the incident of Bach Tuyet Cotton al (2001); Augus Duff (2004); Kym Boon (2007), Kym Boon et al (2008).Corporation in 2008 became a focal point for Vietnamese stock market when 3. Research objectives and questionsdisputes arose concerning audited business results in its 2005 and 2006 The overall objective is to identify factors affecting audit quality andfinancial reports. Other cases relating to the reliability of information in evaluate the influence of each factor to audit quality of financial statementsaudited financial statements also caused financial loss to investors. of listed companies in the Vietnamese stock market at present, which serves Financial reports of listed companies in the Vietnamese stock market as the basis for proposing solutions.receive much attention from different groups. Among which, the most Research questions: In order to achieve the research objective, researchpopular and sensitive group is the group of investors. Financial statements questions are given accordingly and suitable in research framework.can be distorted for the sake of companies managers and financial report 4. Research objects and dimension The topic’s focus is to identify factors affecting audit quality ofpreparers, not for the sake of investors. Auditors are responsible for ensuring financial reports of listed companies in the Vietnamese stock market bythe reliability of financial reports, which displays audit quality. independent auditing firms. The research objects are joint stock firms with However, it is not easy to evaluate or recognize audit quality. securities (stocks and bonds) listing on the Ho Chi Minh City and HanoiEvaluation criteria for audit quality can show audit quality but they do not Stock Exchanges.demonstrate which factors resulting in such quality and, more importantly, 5. Research methodologybasing on what basic can audit quality be improved. Therefore, the thesis’s - Analytical and statistical methods: Basing on secondary oftopic, namely “Research on factors affecting audit quality of financial domestic and international resources available and analysis of real situationstatements of listed companies in the Vietnamese Stock Market”, reflects in Vietnam to identify factors/criteria for factors affecting audit quality ofthe necessity of this issue and aims to clarify the issue of interest. financial statements. 3 4 - Survey method (survey, interview & observation) 7. Research framework and structure Basing on the system of factors determined in the theoretical In addition to Introduction and Conclusion, the thesis is designedframework, the author designs the Questionnaire for auditors working for scientifically with 4 chapters as illustrated in the framework diagram below:independent auditing firms which are approved to audit financial reports oflisted companies about the influence of factors affecting audit quality of Chapter 1: Theoretical framework onfinancial reports of listed companies in the Vietnamese stock market (via factors affecting audit quality ...