Vietnam: Responsibilities of Director General/Director and management of departments/units within the enterprise

According to the sample Regulations issued together with Circular No. 66/2020/TT-BTC of the Ministry of Finance of Vietnam, responsibilities of Director General/Director and management of departments/units within the enterprise are specified as follows:

Responsibilities of Director General/Director

1. Provide internal audit staff with advantages to perform their assigned tasks and direct other departments to collaborate with internal audit departments in performing tasks in accordance with internal audit rules and regulations.

2. Push departments to implement recommendations agreed upon with the internal audit department or follow directions from the Governing Board/Board of Trustees/Company’s President, and inform the internal audit department of the implementation of recommendations agreed upon with the internal audit department.

3. Ensure that the internal audit department is fully informed of any change and problem arising from activities of the audited unit in order to early detect associated risks.

Responsibilities of management of departments/units within the enterprise

1. Provide internal audit staff with advantages to perform their assigned tasks and direct other departments to collaborate with internal audit departments in performing tasks in accordance with internal audit rules and regulations.

2. Push departments to implement recommendations agreed upon with the internal audit department or follow directions from the Governing Board/Board of Trustees/Company’s President, and inform the internal audit department of the implementation of recommendations agreed upon with the internal audit department.

3. Ensure that the internal audit department is fully informed of any change and problem arising from activities of the audited department/unit in order to early determine associated risks.

4. Implement approved recommendations from the internal audit; take timely actions to respond to recommendations or proposals from the internal audit.

View more details at the Circular No. 66/2020/TT-BTC of the Ministry of Finance of Vietnam, effective from September 01, 2020.

Ty Na

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