E ISSN: 2583-049X

International Journal of Advanced Multidisciplinary Research and Studies

Volume 4, Issue 2, 2024

Materiality and Risk in Auditing Financial Statements: Research at Vietnamese Auditing Companies

Author(s): Tat Thanh Doan, Thuy Duong Vu


Materiality and audit risk are two basic and important issues in financial statement auditing. On that basis, auditors need to carefully consider factors when assessing materiality and audit risk before conducting any audit. In particular, it is necessary to consider the relationship between materiality and audit risk to determine the content, scope and time of audit procedures appropriately. The article summarizes the content on audit risk and materiality, analyzes some limitations in assessing audit risk and materiality, and thereby proposes some solutions to improve materiality assessment. Weaknesses and risks in auditing financial statements at auditing companies in Vietnam.

Keywords: Audit Risk, Materiality, Independent Audit

Pages: 729-731

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