Study On the Factors Affecting the Audit Fees of Small and Medium Enterprises in Vietnam

Abstract

The competitive pressure within the group of domestic audit firms is becoming increasingly intense, and pricing is considered one of the most effective competitive tools. This also stems from the fact that many small businesses tend to prioritize low costs when selecting an audit firm. Through a survey conducted on 70 companies, the author utilized SPSS 26 software to analyze the data and identified five factors. The results from the correlation test between two variables and the multivariate linear regression model both indicated that for small and medium-sized enterprises in Vietnam, two factors significantly impact the audit fees for client companies: the size of the audited company and the reputation of the auditing firm.