The Current Situation of Financial Statements of Vietnamese Enterprises Based on Likert Measurement

Abstract

This article is based on surveys on three groups including information providers – founders (enterprises), information users and auditors. Likert measurement and quantitative studies have been employedforanalyzing the evaluations of those groups on the reality of provided information on financial statements of Vietnamese enterprises. The result shows that there is homogeneity in the evaluations of respondents that information quality provided by enterprises is unqualified to make decision. The quantity of information generally is assessed to be higher (the range of average value is 2.87 – 3.21) than usefulness (average level is from 2.59 to 2.87). However, ineverycontent related to the quantity or the usefulness, confidence is inclined to auditors or companies rather than investors who are information users.Based on those findings, some basic solutions are proposed in order to ensure the quality and enhance the usefulness of information given on financial statements.