摘要：This study is conducted to study the implementation of the audit techniques and procedures executed
by auditors using risk-based approach. The study also determines factors affecting audit
quality of financial statements in Vietnamese insurance enterprises. Quantitative method is used
in the study where questionnaires are sent to 250 independent auditors and 186 valid questionnaires
are encrypted, declared and entered into SPSS software version 22.0. The results show that in audit
techniques, except for document testing and verification technique, there were significant differences
in application level of material testing, observation, interview, calculation and analysis techniques
between big 4 firms and non-big 4 firms. The analysis also confirms that the most significant
difference was between the two audit groups. In audit procedures, while control testing is not
performed singly, detailed testing can be performed alone at all three assurance levels and the
analysis is performed alone in the assurance level of 1. It is possible to combine them in these
procedures with the assurance level of 2 and 3. On the other hand, the combination of these three
procedures is only guaranteed at level 3. The results of the factor analysis and regression model
test demonstrate that there were six factors influencing the audit quality of financial statements in
insurance enterprises; namely audit method, auditors’ quality, awareness of auditors and director
board, characteristics of insurance enterprises, legal environment and position of the audit firm. In
particular, audit method and auditors’ quality are the strongest factors.
