Auditors’ behavior impact on the quality of auditing - Experimental research in Hochiminh city

Auditing is valued for its ability to provide independent assurance of the credibility of accounting

information, which improves resource allocation and contracting efficiency. This article identifies

the auditor's behavior affecting the quality of the audit. It also measures the impact of each of the

auditor's actions on the quality of the audit activity. The results of the model have eight factors that

affect the quality of the audit, those are the attitude of auditors, independence, industry expertise,

qualifications of auditors, experience, time audit, quality control procedures, and process of

auditing. The empirical findings used to enhance the quality of the audit for audit firms.

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ts of testing hypotheses Hypotheses The statistical meaning or real meaning (H1): Experience has the same effect (+) with improving of the auditors’ behavior in the direction of responding to changes in the quality of audit. Yes (H2): Independence has the same effect (+) with improving of the auditors’ behavior in the direction of responding to changes in the quality of audit. Yes (H3): Attitude of auditors has the same effect (+) with improving the auditors’ behavior in the direction of responding to changes in the quality of audit. Yes (H4): Quality control procedures works in the same direction (+) with the improvement of the auditors’ behavior in the direction of responding to changes in the quality of audit.. Yes (H5): Process of auditing has the same effect (+) with the improvement of the auditors’ behavior in the direction of responding to changes in the quality of audit.. Yes 537 Hypotheses The statistical meaning or real meaning (H6): Industry expertise have the same effect (+) with the improvement of the auditors’ behavior in the direction of responding to changes in the quality of audit.. Yes (H7): Qualifications of auditors have the same impact (+) with improving of the auditors’ behavior in the direction of responding to changes in the quality of audit.. Yes (H8): Time audit have the same effect (+) with the improvement of the auditors’ behavior in the direction of responding to changes in the quality of audit.. Yes Source: Authors’ analyses 4. Conclusions and Policy Implications Through the testing of the research model, it can be confirmed that there are eight factors affecting the efficiency of the auditors’ behavior to the quality of audit of audit firms at Ho Chi Minh city in order from high to low as follows: Independent variables Absolute value Attitude of auditors 0.386 Independence 0.278 Industry expertise 0.271 Qualifications of auditors 0.229 Experience 0.133 Time audit 0.126 Quality control procedures 0.114 Process of auditing 0.110 Source: Authors’ analyses Derived from the results of testing the above research model, the authors give some policy implications to improve the auditors’ behavior to the quality of audit of audit firms at Ho Chi Minh city as follows: First, attitude of auditors, the factor with the highest level of impact in the model (β=0,386), this tell us “the setting the goal code of ethics is the most important issue for auditors”, so the professional association should provide more specific guidance aattitude of professional auditors to help auditing firms build the working environment as well as the link between auditors and leaders, to cultivate attitudes professional skepticism. There are seminars or training related to professional skepticism, where the professional association or auditing firms should regularly hold seminars or training related to 538 professional skepticism. Auditors have the opportunity to share as well as learn experience. Understanding the professional skepticism in the audit is not easy, the correct use of professional skepticism is more difficult and the process of manipulating and promoting professional skepticism needs a long time. The study of factors affecting professional skepticism is necessary to contribute to improving the quality of auditing today. Secondly, the independence, according to the auditing standards, auditors must always be independent. Auditors are not allowed to audit for clients whose auditors have relations about family or economic. Independence is principle of auditing. This is considered a necessary condition for auditing firms to achieve their objectives in auditing. Thirdly, for the industry expertise, auditors must accumulate experience in each specific field so that they can understand the business sector of the enterprise they are auditing. Auditing first should pay attention to the recruitment and training of qualified employees in the industry to meet the auditing needs of each type of enterprise. During the working time at the company, the auditors must be constantly trained through the work process and courses. Finally, for the qualifications of auditors, experience, time audit, quality control procedures, process of auditing, The auditing firms should be organized some courses so that auditors can catch up and adapt to modern IT applications, with modern auditing tools to meet the increasing demands of the work. The auditors need to be trained and fostered so as to firmly grasp the new auditing cycle and programs set up on the basis of technology and digital; Proficiency in auditing software, understanding of the process and how to synthesize accounting information, how to prepare and present financial statements in accordance with financial reporting standards in the context of digital age. 5. References Arel, B., Brody, R. G., & Pany, K., 2005. Audit Firm Rotation and Audit Quality. Behn, Bruce K; Carcello, Joseph V; Hermanson, Dana R; Hermanson, R.H., 1997. The determinants of audit client satisfaction among clients of Big 6 firms. American Accounting Association, Volume 11(Issue 1), 7-24. Boon, K., McKinnon, J., & Ross, P., 2007. Factors associated with the choice of a quality auditor when audit tendering is compulsory. Gold Coast: Accounting Association of Australia and New Zealand Conference, 92-102. Carcello, Joseph V; Hermanson, Roger H; McGrath, N.T., 1992. Audit Quality Attributes: The Perceptions of Audit Partners, Preparers, and Financial Statement Users. Auditing, Volume 11(Issue 1). DeAngelo, L.E., 1981. Auditor size and audit quality. Journal of Accounting and Economics, 183-199. DeFond, M., & Zhang, J., 2014. Research, A review of archival auditing. Journal of Accounting and Economics, 275-326. 539 Duff, A., 2004. Auditqual: Dimensions of audit quality. Institute of Chartered Accountants of Scotland. Phan Văn Dũng, 2015. Các nhân tố tác động đến chất lượng kiểm toán của các doanh nghiệp kiểm toán Việt Nam theo định hướng tăng cường năng lực cạnh tranh trong điều kiện hội nhập quốc tế. Luận án tiến sĩ. Đại học Kinh Tế TP.HCM. Francis, J.R., 2011. A Framework for Understanding and Researching Audit Quality. 30(2), 125–152. Frankel, M. S.: 1989, Professional Codes: Why, How and with What Impact?, Journal of Business Ethics 8, 109–115. Higgins, T. G. and W. E. Olsen: 1972, Restating the Ethics Code: A Decision for the Times, Journal of Accountancy 157(1), 33–39. H.Meckling, M.C.J., 1976. Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 305-360. Hair, J.F., 2006. Multivariate Data Analysis, 250 Lindberg, D., & Beck, F., 2002. CPAs’ Perceptions of Auditor Independence: An Analysis. The CPA Journal. Mayhew, B. W.: 2001, Auditor Reputation Building, Journal of Accounting Research 39(3), 599–617 Pandit, G.M., 1999. Clients’ Perceptions of Their Incumbent Auditors and Their Loyalty to the Audit Firms: An Empirical Study. The Mid - Atlantic Journal of Business, Volume 35(Issue 4), 171-188. Schroeder, M., Solomon, I., & Vickery, D., 1986. Audit quality: The perceptions of audit-Committee chairpersons and audit partners. Auditing: A Journal of Practice and Theory, 86-94. Siregar, S. V., Fitriany, A., Arie, W., & Anggraita, V., 2012. Research, A review of archival auditing. 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