Factors Affecting Risk-Based Audit and Quality Audit

Autor: Nguyen Ngoc Khanh Dung
Jazyk: angličtina
Rok vydání: 2024
Předmět:
Zdroj: Emerging Science Journal, Vol 8, Iss 3, Pp 957-971 (2024)
Druh dokumentu: article
ISSN: 2610-9182
DOI: 10.28991/ESJ-2024-08-03-010
Popis: There are various issues that are associated with audit quality, which can often lead to audit failures. The State Audit Office of Vietnam (SAV) needs assistance in improving its audit quality. This study was conducted to provide empirical evidence about the correlation between the risks of audited entities, the competitive ability of state auditors, and audit quality. The study also seeks to establish the moderating effect of risk-based auditing on the relationship between the abovementioned factors and audit quality. The research data was collected from 221 state auditors and analyzed using SEM linear structure analysis with SmartPLS 4.0.8.5 software. The research findings suggest that the risk of the audited entity and the competitive ability of state auditors positively and significantly impact the application of RBA, which contributes to the assurance of audit quality in SAV. Therefore, the practical application of RBA, which involves accurately identifying the risks of audited entities, helps to improve audit quality and efficiency. This study contributes to the theory of audit quality in the public sector, which is diverse and inconsistent due to various economic and political factors such as corruption and reputation. Doi: 10.28991/ESJ-2024-08-03-010 Full Text: PDF
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