Vietnam: What actions are taken in case of failure to collect all appropriate audit evidence to draft audit reports?

Point dd, Clause 2 Article 18 of the Audit Process of the State Audit issued together with Decision 02/2020/QD-KTNN provides for handling cases where there is no evidence to conclude on the audit content and to draft the audit report as follows:

In case of failure to collect all appropriate audit evidence to conclude audit contents and draft audit reports, auditor teams must propose additional audit procedures or provide appropriate audit remarks regarding the audit contents according to State audit standard 1700 – Formation of audit remarks and audit reports in financial audit; State audit standard 1705 – Remarks other than unqualified opinions in financial audit reports; Section 80 to Section 84 State audit standard 3000 – Guidelines for operational audit; Section 58 to Section 61 State audit standard 4000 – Guidelines for compliance audit.

Thus, if there is no audit evidence to conclude on the audit content and draft the audit report, the Audit Team must propose additional audit procedures, or provide appropriate audit remarks regarding the audit contents as stipulated.

Sincerely!