THE IMPACT OF FIRM SIZE AND AUDIT FIRMS' REPUTATION ON QUALITY OF FINANCIAL REPORTING: EVIDENCE FROM VIETNAMESE LISTED FIRMS

This study aims to explore whether the quality of financial reporting is good by examining the impact of firm size and audit firms' reputation on the quality of financial reporting of listed companies on the Vietnamese stock market. This paper uses 100 samples of (VN100) listed companies, the questionnaires are used for assessing the quality of financial reporting based on Framework of IASB (2010) and research of Beest et al. (2009). The results show that the quality of financial reporting of Vietnamese listed companies was just at an average point, the factors of firm size and audit firms' reputation also affect the quality of financial reporting of Vietnamese listed firms. Specifically, we find that firm size and audit firms' reputation are positively associated with the quality of financial reporting. This study is also the suggestion for investors to consider in making decisions appropriately and for agency policy parties to provide suitable policies to improve the quality of financial reporting of listed firms on the stock market.