Solutions for Assessment of Materiality and Audit Risks to Enhance the Audit Quality of Some Independent Audit Firms, Vietnam

Abstract

The paper researched the relationship between materiality, audit risk assessment and the improvement of audit quality. Studying and surveying the situation of materiality, audit risk assessment and audit quality of a number of independent Vietnamese audit firms. Based on the analysis and evaluation of existing problems, the paper proposed a number of solutions to complete the methods in assessment at independent audit firms in Vietnam.