Statutory Audit Procedures

1. Audit Preparation

According to the provisions of Article 45 State Audit Law 2015, the content of audit preparation includes:

- Surveying and collecting information about the internal control system, financial situation, and other relevant information of the audited entity;- Evaluating the internal control system and the information collected about the audited entity to determine the objectives, content, audit scope, and appropriate audit methods;- Preparing the audit plan.

2. Audit Execution

The Audit Team must conduct the audit in accordance with the audit decision.

Members of the Audit Team apply professional and specialized audit methods to collect and evaluate audit evidence; inspect, cross-check, verify; investigate relevant organizations and individuals related to audit activities as the basis for opinions, assessments, confirmations, conclusions, and audit recommendations about the audited content.

3. Preparing and Sending the Audit Report

Article 47 of the State Audit Law 2015 stipulates the preparation and sending of the audit report as follows:

- No later than 30 days from the end of the audit at the audited entity, the State Audit is responsible for completing the draft audit report and sending it for comments to the audited entity;- Within 10 days from the date of receipt of the draft audit report, the audited entity must provide written comments to the State Audit; after this period, if the audited entity does not provide comments, it is considered agreed with the draft audit report;- The State Audit sends the audit report to the audited entity and the related authorities as prescribed by the State Auditor General no later than 45 days from the end of the audit at the audited entity; in special cases, this period may be extended but not more than 60 days from the end of the audit at the audited entity;- The state budget settlement audit report is sent to the National Assembly Delegation, the People's Council, and the People's Committee at the same level; for the provincial or city under central authority’s budget settlement audit report, it is also sent to the Ministry of Finance.

4. Inspecting the Implementation of Audit Conclusions and Recommendations

- The State Audit must prepare a plan and organize an inspection of the audited entity’s implementation of the audit conclusions and recommendations of the State Audit promptly and fully.

- The inspection of the implementation of audit conclusions and recommendations is carried out in the following forms:

- Requesting the audited entity to report in writing the results of implementing the audit conclusions and recommendations;- Organizing an inspection of the implementation of audit conclusions and recommendations at the audited entity and related agencies, organizations, and units.

- The State Audit is responsible for preparing and sending the report on the results of implementing the audit conclusions and recommendations. The sending of the report on the results of implementing the audit conclusions and recommendations by the State Audit is carried out as prescribed in Clause 3, Article 48 of the State Audit Law 2015.

This content is regulated in Article 49 of the State Audit Law 2015.

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