Enhancing independence of local auditing services by profiting from experiences of the Big4 group (KPMG, Deloitte, PWC E&amp;Y) operating in Vietnam market

Tien, Nguyen Hoang; Thuong, Tran Minh; Duc, Le Doan Minh; Yen, Nguyen Thi Hoang

doi:10.1080/23311975.2019.1605702

Cited by 11 publications

(4 citation statements)

References 40 publications

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“…The benefits derived from the oversight of the AC outweigh the costs associated with its maintenance. The presence of a considerable number of shareholders serves as an encouragement for Audit Committee development (Tien, 2019). Furthermore, major auditing firms recommend companies establish an AC to aid in their audit processes, thereby enhancing reliability and transparency.…”

Section: Moderating Role Of Audit Committee Effectiveness On the Rela...mentioning

confidence: 99%

Moderating Role of Audit Committee Effectiveness on the Relationship between Board Gender Charateristic and Quality If Integrated Reporting Among Firms Listed In Nse

Mwangi,

Koske,

Bonuke

2024

JEFMS

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The Audit Committee is claimed to bolster the reliability and precision of financial statement data by managing risks and advocating for ethical conduct within businesses. Its duties include examining financial information, supervising internal audits and auditor impartiality, verifying data presented to the board and shareholders, and scrutinizing ethical matters. Therefore, integrating the Audit Committee into public Joint Stock Companies (JSCs) has the potential to yield benefits for both the organizations and their stakeholders. Firms need to facilitate collaboration between the board and the audit committee to ensure alignment on strategic goals, risk management priorities, and reporting objectives. They also need to leverage the diverse perspectives and expertise of board members, including gender-diverse members, to inform audit committee discussions and decisions. Encourage open dialogue and information sharing between the board and the audit committee to enhance transparency and accountability in the reporting process. By implementing these strategies, firms can leverage the gender diversity of board members and the effectiveness of the audit committee to improve the quality of integrated reporting, leading to better decision-making, enhanced stakeholder trust, and long-term sustainable growth.

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Section: Moderating Role Of Audit Committee Effectiveness On the Rela...mentioning

confidence: 99%

Moderating Role of Audit Committee Effectiveness on the Relationship between Board Gender Charateristic and Quality If Integrated Reporting Among Firms Listed In Nse

Mwangi,

Koske,

Bonuke

2024

JEFMS

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“…Previous research suggested that industry specialist auditors are associated with better information quality (Balsam, Krishnan, & Yang, 2003;Gul, Fung, & Jaggi, 2009;Krishnan, 2003). Finally, other studies focus on other proxies for audit quality such as the provision of non-audit service (Hoang Tien, Thuong, Minh Duc, & Hoang Yen, 2019). Extant accounting studies suggest that the provision of non-audit services might impair external auditors' independence, as they become, to a large extent, financially dependant of their auditee (Simunic, 1984;Beck, Frecka, & Solomon, 1988;Ferguson, Seow, & Young, 2004;Frankel, Johnson, & Nelson, 2002;Larcker & Richardson, 2004;Lim and Tan, 2007;Zhang, Hay, & Holm, 2016).…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

External audit quality and firms’ credit score

Zalata

Elzahar

McLaughlin

2020

Cogent Business & Management

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Using a sample of UK firms, we investigate whether external audit quality has an informational role for firms credit score. In our general research setting, we could not find any evidence on the association between firms' credit score and external audit quality. However, when firms are suspected to be engaged in managerial misstatements, firms' credit score seems to be associated with external audit quality. In particular, suspected firms get high credit score when they are audited by one of industry-specialised auditors. In addition, credit rating agencies penalise suspect firms when they pay high audit and non-audit fees.

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“…Currently, There are many studies on the auditor independence with different approaches in each specific context such as economic approach (Adams, Krishnan, & Krishnan, 2021;DeAngelo, 1981;Geiger, North, & O'Connell, 2005) behavioral approach (Goldman & Barlev, 1974;Mustikarini & Adhariani, 2021) access to risk (Hao, 2021;Johnstone, Warfield, & Sutton, 2001;Turner, Mock, & Srivastava, 2002) framework approach (Bakar, Rahman, & Rashid, 2005;Beattie, Brandt, & Fearnley, 1998;Hoang, Thuong, Minh Duc, & Hoang Yen, 2019;Ndaba, Harber, & Maroun, 2021). However, based on the review results in the research period, there are no studies on the auditor independence from the perspective of international economic integration promote enhancement of auditor independence.…”

Section: Introductionmentioning

confidence: 99%

Enhancing Auditor Independence in Developing Countries in Context of Globalization – Evidence in Vietnam

Duc

2021

102

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Purpose: Globalization brings many opportunities and challenges for developing countries. So, does globalization create a motivation to improve the auditing profession's ethics? Independence is one of the most important components of auditing professional ethics, which must be maintained throughout the audit process. This article delivers a full insight into identifying factors that enhance the auditor independence promoted in the international integration process. Design/methodology/approach: This article approached from international integration process that affect auditor independence from auditors’ awareness, working environment and professional association. This article used a mixed approach based on the experimental methodology. This article used the archival research method and group discussions method to analyze and assess the research problems and verified by experimental data. The article took the group discussions with experts and survey 280 directors, auditors, auditor assistants who are working in 70 auditing firms. Findings: The results showed that globalization support auditors, audit firms, and professional Association to improve auditor independence. Especially, the factors that enhance the auditor independence driven by international integration: Knowledge, Technology, Competition, Management, Monitoring. Practical implications: The article implied to improve auditor independence in the context that Vietnam is strongly integrating internationally. Originality/value: The article has taken a new approach on auditor independence from globalization in Vietnam.

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Enhancing independence of local auditing services by profiting from experiences of the Big4 group (KPMG, Deloitte, PWC E&Y) operating in Vietnam market

Cited by 11 publications

References 40 publications

Moderating Role of Audit Committee Effectiveness on the Relationship between Board Gender Charateristic and Quality If Integrated Reporting Among Firms Listed In Nse

Moderating Role of Audit Committee Effectiveness on the Relationship between Board Gender Charateristic and Quality If Integrated Reporting Among Firms Listed In Nse

External audit quality and firms’ credit score

Enhancing Auditor Independence in Developing Countries in Context of Globalization – Evidence in Vietnam

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