A study on customer loyalty to service quality in independent auditing firms

Download This Article

This work is licensed under a Creative Commons Attribution 4.0 International License.

Abstract

Auditing quality is the level of customer satisfaction with the objectivity and reliability of the audit service (Ministry of Finance, 2012). This study explores the relationship between service quality and the loyalty of customers in Vietnamese domestic independent auditing firms. This study was conducted in Hanoi, Vietnam, based on a sample of 250 general accountants and chief accountants who are working for customer firms with transactions at Vietnamese domestic independent auditing firms in Hanoi city. Based on the collected data, we run Cronbach’s alpha, exploratory factor analysis (EFA), Kaiser-Meyer-Olkin (KMO) test, Barlett’s test, and regression using SPSS software. The results show that service quality positively affects the loyalty of customers (LOY), including reliability (REL), responsiveness (RES), assurance (ATT), empathy (EMP), and tangibility (TAN). Moreover, it recognizes the higher weight of customer loyalty in firms. The research determined that service quality can promote customer loyalty. Besides, the services of domestic independent auditing firms have many different characteristics compared to other industries. Therefore, there is a need for more studies on the relationship between service quality and customer loyalty in the audit field. From there, it contributes to perfecting the theoretical framework on customer loyalty and is a useful reference for domestic independent auditing firms, auditors, and audit researchers.

Keywords: Customer Loyalty, Service Quality, Auditing, Accounting, Domestic Independent Auditing Firms

Authors’ individual contribution: Conceptualization — D.T.D. and T.N.T.; Methodology — H.N., D.H.H., and D.T.D.; Resources — D.H.H. and T.T.D.; Writing — Original Draft — H.N. and D.H.H.; Writing — Review & Editing — H.N., D.T.D., and H.P.V.; Visualization — D.H.H. and H.P.V.; Funding Acquisition — T.N.T. and T.T.D.

Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

JEL Classification: M20, A10, M40, M41, M42

Received: 18.03.2023
Accepted: 29.08.2023
Published online: 30.08.2023

How to cite this paper: Nguyen, H., Hoang, D. H., Do, D. T., Tran, T. N., Dao, T. T., & Vu, H. P. (2023). A study on customer loyalty to service quality in independent auditing firms [Special issue]. Journal of Governance & Regulation, 12(3), 243–254. https://doi.org/10.22495/jgrv12i3siart6