The State Audit of Vietnam (SAV) has recommended the State Bank of Vietnam (SBV) coordinate with agencies to urgently speed up the compulsory transfer progress for poor-performing banks.
Vietnam State Audit (SAV) has made great efforts to build and develop operational audits in recent years, promoting public governance reform in Viet Nam, contributing to the successful implementation of national targets and meeting the demand of international economic integration.
The inspection work of the SAV has recorded many remarkable achievements, with their results helping units under the SAV and their leaders to recognise limitations and contribute to improving the quality and efficiency of auditing and management.
Twenty five years after its establishment, the State audit sector has consolidated its position and role as an agency supervising public finance and assets through fulfilling its functions and tasks to contribute to building a transparent and sustainable State finance.
The application of new and modern technologies into auditing has brought significant changes and improved the effectiveness of the activities, according to the State Audit of Viet Nam (SAV).
Việt Nam’s audit industry has been woking hard to develop information technology to catch up with global trends, said a representative from the State Audit Office of Viet Nam (SAV).
The State Audit Office of Việt Nam will operate independently and in accordance with the law, upholding the core value of Independence – Integrity – Professionalism – Prestige – Quality.
The pre-equitisation valuation of the Viet Nam Cement Industry Corporation (Vicem) done by the independent auditor was off by nearly VND1.17 trillion (US$50.3 million).
The State Audit Office of Việt Nam (SAV) would give priority to new audit areas like information technology, tax and environmental protection in its development strategy from 2020 to 2030, said the SAV’s Auditor General Hồ Đức Phớc.
Tax payers can appeal the decisions of State audit agencies if they believe the decisions are illegal or harmful to their operation, National Assembly deputies said on Friday.
Most State-owned enterprises were operating at a profit but still needed to improve their operational efficiency, according to a report by the State Audit Office of Viet Nam.
Tax evasion and fraud cases were becoming more complicated on a large-scale with increasingly sophisticated methods, said State Audit Office Deputy Auditor General Đoàn Xuân Tiên.
The handling of bad debt among credit institutions would be audited this year in order to formulate recommendations for effectively implementing a National Assembly resolution.
The State Audit Office of Viet Nam (SAV) will focus on auditing large projects this year with the aim of preventing losses and improving the efficiency of State capital use, General Auditor Ho Duc Phoc said.