Vietnam: 6 basic powers of the Director of the Internal Audit Department from August 15, 2020

10:24, 29/07/2020

This is a notable content of Circular No. 06/2020/TT-NHNN on internal control and internal audit of the State Bank of Vietnam, effective from August 15, 2020.

6 quyền hạn cơ bản của Vụ trưởng Vụ Kiểm toán nội bộ từ ngày 15/8/2020, Thông tư 06/2020/TT-NHNN

Specifically, according to Clause 2 Article 27 of Circular No. 06/2020/TT-NHNN of the State Bank of Vietnam (SBV), 6 basic powers of the Director of the Internal Audit Department include:

1. Promulgate or request the Governor to promulgate rules and processes for effective management and administration of internal audit activities.

2. Sign audit decisions as authorized by the Governor in accordance with Clause 2 Article 23 hereof.

3. Proactively take and decide specific measures to implement internal audit plans.

4. Request the Governor to resolve difficulties that arise from internal audit activities.

5. Request the Governor to consider devolving responsibilities and take actions against organizations and individuals that fail to comply with internal audit decisions, conclusions and propositions or that violate laws and regulations of organizations.

6. Decide to exploit and use internal audit dossiers to perform his/her tasks or provide it to relevant organizations and individuals in accordance with regulations of law and SBV.

Moreover, the Director of the Internal Audit Department shall exercise other powers as prescribed by law.

View more details at Circular No. 06/2020/TT-NHNN of the State Bank of Vietnam, effective from August 15, 2020.

Le Vy

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