Associations of Board Size, Audit Reputation, and Debt with Financial Restatement: Evidence in Vietnam
- 10.2991/aebmr.k.211119.012How to use a DOI?
- Financial Restatement; Board size; Audit Reputation and Total debt to total assets
The purpose of this study is to look into the contributing factors of the post-audit financial restatement of publicly listed companies in Vietnam. It focuses on the size of the company’s board of directors, the audited firm, and the total debt to total assets ratio, as well as whether or not the financial restatement has an impact.
Financial restatements reflect quality of financial statements based on which the users make various decisions. It is important to understand the reasons why companies have to restate their financial statements to ensure informed decisions.
Research design, approach and method:
The research uses quantitative method to collect data from annual reports of companies from 2014 to 2020, which is available on Ho Chi Minh Stock Exchange (HOSE) and Hanoi Stock Exchange (HNX) and CAFEF websites. After that, the author utilizes the STATA 15.0 tool to analyze the results through descriptive statistics, correlation coefficient, and Logistic Regression.
The findings indicate that the total debt to total assets ratio had a significant relationship to the incidence of financial restatement, whereas board size and audit reputation did not appear to affect the incidence of financial restatement.
The research contributes to the understandings of specific factors influencing financial restatement in a the context of Vietnam while also providing useful information for auditors and investors on how to identify inaccurate information on annual reports and make appropriate decisions
- © 2021 The Authors. Published by Atlantis Press International B.V.
- Open Access
- This is an open access article under the CC BY-NC license.
Cite this article
TY - CONF AU - Nguyễn Thị Kim OANH AU - Nguyen Van DINH AU - Nguyen Cam VAN PY - 2021 DA - 2021/12/07 TI - Associations of Board Size, Audit Reputation, and Debt with Financial Restatement: Evidence in Vietnam BT - Proceedings of the International Conference on Emerging Challenges: Business Transformation and Circular Economy (ICECH 2021) PB - Atlantis Press SP - 104 EP - 112 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.211119.012 DO - 10.2991/aebmr.k.211119.012 ID - OANH2021 ER -