The Vietnamese Government has issued a new regulations for auditor standards which will take effect from April 20. The new decree requires auditors to hold a bachelors degree or higher from universities specialising in economics, finance, banking, accounting or auditing. Those who have at least five-years of experience in the finance sector, or who have [...]
In 2011, the State Audit of Vietnam (SAV) plans to make 151 audits for enterprises in sectors of banking and finance. As planned, SAV will check the fiscal report of 27 economic groups, corporations and commercial banks. Of which, 15 state groups and corporations are included into the list such as Vietnam Shipbuilding Industry Group [...]
The role of State auditors was discussed in Ha Noi yesterday at a conference held by the State Audit of Viet Nam and the British Association of Chartered Certified Accountants. Here are some of the views expressed. Bill Burnett, specialist in public sector auditing and parliamentary oversight A strong and effective supreme audit institution is [...]
The State Audit Office proposed to focus on auditing activities in 34 provinces and central cities next year, an increase of two compared to the number that were audited in 2010. They would include key national programmes, economic groups, corporations and facilities in the defence and security sectors. The National Assembly’s Finance and Budget Committee [...]
The State Audit of Vietnam and the Accounting Chamber of Ukraine signed a Memorandum of Understanding (MoU) on auditing co-operation in Hanoi on October 25. The two sides will exchange experience in state auditing and implementing State financial auditing. They will also conduct joint and parallel audits, and exchange legal documents, information materials and methodologies [...]
The Ministry of Justice and Ministry of Finance have not reached a consensus on which official body should be empowered to grant licenses to auditing firms and also have the power to revoke licenses. Under a draft law on independent auditing, the Ministry of Finance (MOF) will have the power to grant licenses, stop operations [...]
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