Audit service feestaodoadmin
- Fees for audit services agreed by auditing firms, branches of foreign auditing firms in Vietnam and the client in the audit contracts upon the following bases:
- a) The contents, volume and nature of work;
- b) Time and working conditions of practicing auditors, auditors used to perform the services;
- c) Qualifications, experience and reputation of practicing auditors, auditing firms, branches of foreign auditing firms in Vietnam;
- d) The level of responsibility and time limit that the performance of services requires
- Audit service fees are calculated by the following methods:
- a) Working hours of practicing auditors, auditors;
- b) Each audit service with a fee package;
- c) The audit contract of many terms with a fixed fee for each term
- Audit process includes the following steps:
- a) To accept, keep clients and make audit planning;
- b) To perform audits;
- c) To terminate the audit, make the audit statement and handle the after-audit.
- Practicing auditors, auditing firms, branches of foreign auditing firms in Vietnam perform the steps of the audit process upon the audit standards.
The audit statement on financial statements is made in accordance with provisions of the auditing standards and contains the following contents:
- a) The objects of the audit;
- b) Responsibilities of the audited unit and the auditing firms, branches of foreign auditing firms in Vietnam;
- c) The scope and basis for the audit;
- d) Location and time for making the audit statement;
đ) Audit opinion on financial statements which have been audited;
- e) Other contents in accordance with provisions of auditing standards.
- The date of signing the audit statement is not before the date of signing the financial statement.
- The audit statement must be signed by the practicing auditor who is assigned to perform the audit by auditing firm, branch of foreign auditing firm in Vietnam and the legal representative of the auditing firm or person who is authorized in writing by the legal representative. Person who is authorized in writing by the legal representative must be a practicing auditor.
- The audit statement on consolidated financial statements of the groups, corporations in the model of parent – subsidiary company is done in accordance with provisions of auditing standards.