Vietnam: Acts prohibited in internal audit activities from August 15, 2020

Specifically, according to Article 17 of Circular No. 06/2020/TT-NHNN of the State Bank of Vietnam (SBV), acts prohibited in internal audit activities are as follows:

The Internal Audit Department, heads and members of audit delegations are prohibited from committing the following acts:

- Harassing and causing difficulties to audited units.

- Abusing positions and powers for self-seeking purposes.

- Illegally interfere in normal operation of audited units.

- Colluding with audited units to falsify audited information.

- Taking bribes.

- Revealing state secrets and secrets of audited units; revealing information about audit and audit results prior to official promulgation or publishing thereof.

- Reporting falsified or insufficient audit results.

- Committing other acts in contravention of regulations of law and SBV’s regulations.

Audited units and relevant organizations and individuals are prohibited from committing the following acts:

- Refusing to provide information and documents (including confidential information and documents) concerning audit plans and contents at the request of the Internal Audit Department and internal audit delegations.

- Obstructing and harassing the work of internal auditors.

- Reporting false, untruthful, insufficient, unpunctual or impartial information and figures related to internal audit contents.

- Bribing audit delegations.

- Concealing violations of laws on assets, finance and budget.

- Other prohibited acts in accordance with regulations of law and SBV.

Moreover, organizations and individuals are prohibited from illegally interfering in internal audit activities.

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

Le Vy

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