Communication gaps among the issuers and users of the audit report : An empirical study in Vietnam

Abstract

Audit report is designed to help its users understand how an audit conducted and how its result is used to make decision. However, the communication gap between preparers (auditors) and users (investors, bankers) have been addressed by many researchers around the world and these findings have been used as basis for improving audit report for years. This study focused in two main gaps in the perception of bankers, investors and auditors of: (i) objectives and limitation of the audit and (ii) technical terms used in the audit report. The result obtained evidence on the existence of the communication gaps between groups in Vietnam. These gaps suggest the need for revision the content and words that are used in audit report in Vietnam. Additionally, the users of accounting information need to be better educated about basis knowledge of auditing.