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).
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 of Viet Nam (SAV) has carried out 222 audits out of total 232, equivalent to 95.7 per cent of its yearly plan, recovering nearly VND8.4 trillion (US$360.5 million) for the State budget in the last nine months.
The State Audit of Viet Nam will audit 25 SOEs and financial organisations in 2019. They include the SBV, 21 economic groups and corporations and three banks and credit institutions.
Viet Nam’s laws about transfer pricing remain inconsistent and have many loopholes, causing great loss of State revenue, speakers said on Thursday at a meeting held in Ha Noi.
Deputy Minister Vuong Dinh Hue urged the State Audit of Viet Nam (SAV) to pay more attention to human resource management at State-owned enterprises (SOEs) when auditing their activities.
The State Audit of Viet Nam (SAV) has said the State Bank of Viet Nam''s
monetary policies ensured stable exchange rates and a liquid banking
sector, in a report sent to the National Assembly this week.
The national financial audit for the 2011 fiscal year was released at a
press conference in the capital city on Thursday by Le Minh Khai,
Deputy Auditor General of the State Audit of Viet Nam.