IDEAS home Printed from https://ideas.repec.org/a/eco/journ1/v15y2024i1id17541.html

Audit Quality of Financial Statements of Commercial Banks, Whether or not There is a Difference in Audit Quality Provided by Big4 and Non-Big4 Audit Firms

Author

Listed:
  • Pham, Huy Hung

    (Hanoi University of Natural Resources and Environment, Vietnam)

  • Nguyen, Thi Hong Lam

    (Thuongmai University, 79 Ho Tung Mau, Cau Giay District, Hanoi, Vietnam)

  • Doan, Van Anh

    (Thuongmai University, 79 Ho Tung Mau, Cau Giay District, Hanoi, Vietnam)

  • Tran, Manh Tuong

    (Thuongmai University, 79 Ho Tung Mau, Cau Giay District, Hanoi, Vietnam)

Abstract

This study is conducted for the purpose of investigating the influence of factors on the audit quality of financial statements of Vietnamese commercial banks. Also consider whether or not there is a difference in the quality of audits provided by Big4 and Non-Big4 auditing firms from the perspective of independent auditors. Data was collected from 226 respondents working in 20 independent auditing firms in Vietnam (4 Big4 auditing firms and 16 Non-Big4 auditing firms), holding positions such as audit firm managers, audit team leaders and auditors, who are directly involved in the audit. Sampling was conducted selectively from April 2023 to August 2023. By quantitative research method, with the support of SPSS22 software. The research results show that the factors that have an important influence on the audit quality of financial statements of Vietnamese commercial banks in descending order include: in-depth capacity of auditors; characteristics of commercial banks; time pressure; audit methods; quality control of auditing enterprises and legal systems; auditor independence; standard compliance; working conditions of auditing enterprises; size and reputation of auditing enterprises. However, the results of the study found no difference in the audit quality of financial statements of Vietnamese commercial banks between auditors of Big-4 and Non-Big-4 auditing enterprises. Based on the research results, a number of recommendations are made to auditors and auditing companies to improve the quality of auditing financial statements of commercial banks in the coming time.

Suggested Citation

  • Pham, Huy Hung & Nguyen, Thi Hong Lam & Doan, Van Anh & Tran, Manh Tuong, 2024. "Audit Quality of Financial Statements of Commercial Banks, Whether or not There is a Difference in Audit Quality Provided by Big4 and Non-Big4 Audit Firms," International Journal of Economics and Financial Issues, Econjournals, vol. 15(1), pages 159-181, December.
  • Handle: RePEc:eco:journ1:v:15:y:2024:i:1:id:17541
    DOI: 10.32479/ijefi.17541
    as

    Download full text from publisher

    File URL: https://econjournals.com/index.php/ijefi/article/download/17541/8459
    Download Restriction: no

    File URL: https://libkey.io/10.32479/ijefi.17541?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ1:v:15:y:2024:i:1:id:17541. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Monica Sinhat (email available below). General contact details of provider: https://econjournals.com/index.php/ijefi .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.