With more than ten (10) years providing auditing services to over 500 clients, we perform quality independent audits of financial statements for foreign-invested and local-owned companies, donors and NGOs in Vietnam. We add value to clients by providing high quality audit service and provide recommendation to clients to improve internal controls and systems.
Statutory Audit
Statutory Audit is an annual legally required independent audit on financial statements to comply with the requirement of Vietnamese government. The Companies required to be annually audited including State-own Companies, Foreign-invested Companies and Public-interest Companies.
Special Purpose Audit and Agreed Upon procedures
Special Purpose Audit and Agreed Upon procedures are provided to achieve the company’s objectives or determined by the purpose and users of the financial information.
Our Approach
Partner led – the audit partners will lead from the front throughout the audit cycle, taking full responsibility for the quality of our audit services.
Risk focused – We will focus on areas of greater risk in your business and will not waste time on immaterial areas. Issues are identified and addressed at an early stage. This approach ensures that the audit is conducted efficiently and enables deadlines to be met without surprises.
Improvement of management effectiveness: All consulting activities during your course of audit are focused on our goal of improving management efficiency of the Company based on our philosophy to support the Company minimize time and costs associated with maintaining accounting systems and tax while still achieving the outputs expected.
This approach helps to deliver more extensive and proactive advice.
Our Audit Process
Stage 1: Planning and Risk assessment
- Pre audit discussion with Management.
- Establish engagement team database and information package.
- Mobilise, induct and brief the audit team.
- Planning visit (see stage 3).
- Preparation of Audit Strategy Memorandum.
- Prepare audit programmes for recording and controlling audit procedures.
- Prepare and send a list of audit requirements to the Companies.
Stage 2: Agreeing the Audit Strategy
- Meeting and sharing the audit plan with the Management.
- The agreed audit plan will be presented to the Companies’ Accounting and Finance team and Project Management for better understanding of the audit process
Stage 3: Carrying out audit fieldwork
Planning visit:
- Understanding the Companies’ system of accounting and internal control and management structure.
- Understanding the Companies’ control environment including the Management’s attitude toward compliance with established policies and procedures.
Final audit visit:
- Perform designed audit procedures.
Stage 4: Completion and Reporting
- Prepare a Key Issue Minutes for the purpose of the exit meeting with the Companies.
- Prepare deliverables, including Auditors’ Report and engagement summary report in draft form.
- Presentation of project deliverables to the Company Managements.
- Submission of final reports.
