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audit

Ministry of Finance proposes new audit standards, targets large enterprise with stricter fines

Ministry of Finance proposes new audit standards, targets large enterprise with stricter fines

The Ministry of Finance has proposed significant amendments to the Law on Independent Audit to enhance transparency and fairness in the financial market, particularly by tightening the auditing requirements for large enterprises.
State Audit recommends speeding up handling of weak banks

State Audit recommends speeding up handling of weak banks

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.
Audit finds loss of more than VND20 trillion at EVN

Audit finds loss of more than VND20 trillion at EVN

The Vietnam Electricity (EVN) announced a loss of VND20 trillion, attributing it to the acquisition of electricity at costs exceeding its selling prices.
Vietnam Audit plays a key role in achieving national goals

Vietnam Audit plays a key role in achieving national goals

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.
Inspections help improve efficiency of auditing activities

Inspections help improve efficiency of auditing activities

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.
Auditing outcomes contribute to a healthier State finance

Auditing outcomes contribute to a healthier State finance

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.
SAV enhances IT application in audit activities

SAV enhances IT application in audit activities

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).
State Audit Office of Viet Nam digitalises to keep up with global trends

State Audit Office of Viet Nam digitalises to keep up with global trends

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).
NA issues development strategy for State Audit Office to 2030

NA issues development strategy for State Audit Office to 2030

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.
Full-scale audit compulsory to all PPP projects: NA deputies

Full-scale audit compulsory to all PPP projects: NA deputies

Total audit should become compulsory for public-private partnership (PPP) projects to make sure the projects function efficiently and benefit all stakeholders
Vicem misses US50.3 million in corporate valuation

Vicem misses US$50.3 million in corporate valuation

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).
State Audit of Viet Nam to concentrate on IT and environmental audit

State Audit of Viet Nam to concentrate on IT and environmental audit

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.
State auditors need power to fight violations

State auditors need power to fight violations

The State audit must be given more power to improve the management of State assets, National Assembly deputies said on Friday.
Tax payers have right to appeal audit decisions: NA deputies

Tax payers have right to appeal audit decisions: NA deputies

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 SOEs operating at a profit: audit

Most SOEs operating at a profit: audit

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.