The Determinants of Audit Fees for Companies in Vietnam

Abstract

The purpose of this study is analyzing the determinants of audit fees for public companies in Vietnam because audit fees are one of the important factors influencing audit quality and audit tasks. According to the research result, this study has identified that only three of ten determinants influence the audit fees significantly, and these are auditee size, auditee complexity and reputation of audit companies, and this result is compared to the previous research on audit fees. Based on the comparison, this study discusses some reasons why only three determinants influence the audit fee significantly while the other factors do not. Finally, some recommendations are proposed in order to help public companies and the audit companies in Vietnam to determine the audit fee more accurately.