What steps does audit process of State Audit Office of Vietnam include?
Please ask: What steps does audit process of State Audit Office of Vietnam include? Please advise.
What powers does the State Audit Office of Vietnam have?
According to Article 11 of the 2015 State Audit Law, amended and supplemented by Clause 3, Article 1 of the 2019 Amended State Audit Law, the powers of the State Audit Office of Vietnam are stipulated as follows:
- Submit law/ordinance projects and draft resolutions to the National Assembly, Standing Committee of the National Assembly as prescribed by law.
- Request audited units and entities relevant to governmental auditing activities to promptly provide sufficient and accurate information and documents serving the audit; be entitled to access the national database and electronic data of audited audits and entities relevant to governmental auditing activities to exploit and collect information and documents directly related to contents, and scope of the audits; comply with regulations of law upon data access and take responsibility for ensuring confidentiality and safety of data in accordance with regulations of law.
- Inspect and compare contents directly related to contents and scope of the audits carried out at audited units affiliated to entities relevant to governmental auditing activities.
- Request audited units to implement opinions of SAV with regard to the violations of their financial statements and failure to adhere to law; suggest measures for them to overcome their shortcomings discovered by SAV.
- Request competent agencies or persons to request audited units to implement opinions of SAV with regard to the violations of their financial statements and failure to adhere to law; suggest actions against failure to implement or to adequately and promptly implement auditors’ opinions.
- Request competent agencies or persons to deal with violations discovered during the audit.
- Request competent agencies or persons to deal with entities that obstruct the operation of SAV or provide false information/documents for SAV and state auditors.
- Impose penalties for administrative violations against regulations on governmental auditing in accordance with the Law on Penalties for Administrative Violations.
- Request professional assessment where necessary.
- Authorize or hire audit firms to carry out audits at organizations managing/using public finance and/or public property; SAV is responsible for the truthfulness of information, documents, and opinions provided by such audit firms.
- Request the National Assembly, Standing Committee of the National Assembly, the Government, the Prime Minister, and other agencies of the State to amend policies and law.
What steps does audit process of State Audit Office of Vietnam include? (Image from the Internet)
What steps does audit process of State Audit Office of Vietnam include?
According to Article 1 of the audit process of State Audit Office of Vietnam issued with Decision 08/2023/QD-KTNN regulating the audit process of State Audit Office of Vietnam including the following steps:
Scope
1. The audit process of the SAV (hereinafter referred to as the Audit Process) regulates the order and procedures for conducting audit work performed by the SAV. The audit process is built on the basis of the provisions of the State Audit Law, the State Audit Standards System and audit practice.
The audit process includes 4 steps:
- Prepare for audit;
- Conduct audits;
- Prepare and send audit reports;
- Monitor and inspect the implementation of audit conclusions and recommendations.
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The audit process includes 4 steps:
- Prepare for audit;
- Conduct audits;
- Prepare and send audit reports;
- Monitor and inspect the implementation of audit conclusions and recommendations.
Who has right to elect the State Auditor General in Vietnam?
Pursuant to Article 12 of the 2015 State Audit Law regulating the State Auditor General
State Auditor General
1. State Auditor General is the head of SAV who is responsible to the National Assembly and Standing Committee of the National Assembly for the organization and operation of SAV.
2. State Auditor General is elected and dismissed by the National Assembly at the request of Standing Committee of the National Assembly.
3. The term of office of State Auditor General is 05 years and coincides with the term of the National Assembly. State Auditor General may be reelected for not more than two consecutive terms.
According to this Article, the State Auditor General is elected, dismissed by the National Assembly at the request of the Standing Committee of the National Assembly in Vietnam.
The State Auditor General is responsible to the National Assembly and the Standing Committee of the National Assembly for the organization and operation of the State Audit in Vietnam.
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