Law violations on independent audit

Law violations on independent audit Law violations on independent audit include: Carrying on business of audit services without the certificate of sufficient conditions for business of audit services or not complying with the contents of the certificate of sufficient conditions for business of audit services; Individuals who sign audit statements without sufficient conditions as the practicing auditors; Violation of regulations on business registration of audit services, audit-practice registration; Violation of regulations on inspection and quality control of audit services of the Ministry of [...]

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Disclosure of information of the auditing firms

Disclosure of information of the auditing firms, branches of foreign auditing firms in Vietnam, the practicing auditors who are approved for the audits of financial statements of the units with the public interest Information on auditing firms and branches of foreign auditing firms in Vietnam, the practicing auditors who are approved for the audits of financial statements of the units with the public interest must be disclosed including: Information on practicing auditors, auditing firms, branches of foreign auditing firms in Vietnam; Information [...]

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Quality control of audit services

Quality control of audit services Auditing firms, branches of foreign auditing firms in Vietnam must develop and implement control systems of service quality specified in clause 1 Article 40 of this Law, the policies and procedures for quality control for each audit. Auditing firms, branches of foreign auditing firms in Vietnam are subject to the control of the competent bodies on the quality of services specified in clause 1 Article 40 of this Law. The Ministry of Finance is entitled to mobilize [...]

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Objective of independent audit

Objective of independent audit Independent audit activities aim to contribute to the transparency of economic information, finance of units that are audited and other enterprises, organizations; to strengthen investment environment; practice thrift and prevent and combat waste, prevent and combat corruption; to detect and prevent violations of law; to raise the effectiveness, management efficiency, administration of economy, finance of the State and business operation of enterprises. Interpretation of terms In this Law, the following terms are construed as follows: 1. Independent audit [...]

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