SAI Vietnam Releases 2019 Audit Plan, Issues New Framework

SAV AG Issues New Audit Framework
Dr. Ho Duc Phoc, Vietnam’s AG, issued an audit framework on final settlements of public enterprise state capital when officially transformed into joint-stock companies. The framework, supported by sample forms that can be applied to audit-related reports and documents, calls for specialized audit departments and regional state audit offices to focus on:

  • Data truth and fairness in parent company financial statements;
  • Equity expense settlements and money obtained;
  • Funding support for redundant workers;
  • Corporate financial values;
  • Land management and use conversion;
  • State budget obligations; and
  • State capital determination.

The framework also highlights assessing corporate compliance with laws and regulations and evaluating corporate methods used in choosing strategic partners.

Pages: [ 1 ] [ 2 ]

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.