Vietnam: Information confidentiality must be ensured in independent audit

Nguyen Trinh

08:50, 12/12/2017

Independent audit means the auditor practicing a profession, auditing firms, branches of foreign auditing firms in Vietnam inspecting and giving their independent opinions on the financial statements and other audit works under the audit contract.

According to Article 8 of the Law on Independent Audit 2011 of Vietnam, operation principles of independent audit include:

One is, compliance with the law and taking responsibility before the law on occupational activity and audit statements.

Two is, compliance with audit standards and professional ethical standards of accounting and auditing of Vietnam; for the audits under the audit contracts that are required to apply the other audit standards shall comply with such audit standards.

Three is, independence, honesty, objectivity.

Four is, information confidentiality.

View more details at the Law on Independent Audit 2011 of Vietnam issued on March 29, 2011.

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Law on Independent Audit 2011

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