Research factors affecting the quality of auditing accounting estimates: Evidence in Vietnam

• Published in: NeuroQuantology Vol. 20; no. 10; p. 5700
• Main Author: Pham, Huy Hung
• Format: Journal Article
• Language: English
• Published: Bornova Izmir NeuroQuantology 01.01.2022
• Subjects: Accounting; Audit evidence; Audited financial statements; Auditing; Auditors; Audits; Developing countries; Economic conditions; Estimates; LDCs; Vietnam
• ISSN: 1303-5150
• DOI: 10.14704/nq.2022.20.10.NQ555689

This study was conducted to identify and evaluate the impact of factors on the quality of auditing accounting estimates of auditing enterprises in Vietnam. Data was collected from questionnaires sent to 217 subjects, including auditors; audit assistants; and audit managers of 27 auditing enterprises in Hanoi and Ho Chi Minh City. By quantitative research method, the results indicate that there are 3 main factors that affect the quality of auditing accounting estimates in descending order, including: Auditor's professional skepticism; The effectiveness of internal control related to accounting estimates; Macroeconomic environment. Based on the research results, a number of recommendations are made to stakeholders to increase the quality of auditing accounting estimates. The results of the study may also be useful for developing countries, where socio-economic conditions and the development of the audit profession are similar to those of Vietnam in terms of improving the quality of independent audit activities in general and the quality of auditing accounting estimates in particular