Vietnam’s regulations on implementation of audit plans and audit decision

09:49, 29/07/2020

Recently, the State Bank of Vietnam has issued Circular No. 06/2020/TT-NHNN on internal control and internal audit of the State Bank of Vietnam.

Thực hiện kế hoạch kiểm toán, quyết định kiểm toán, Thông tư 06/2020/TT-NHNN

According to Article 23 of Circular No. 06/2020/TT-NHNN of the State Bank of Vietnam (SBV), according to the audit plan approved by the Governor, the Director of the Internal Audit Department shall conduct internal audits in accordance with rules and process for internal audit of SBV.

Notably, the Governor shall authorize the Director of the Internal Audit Department to sign audit decisions according to the annual or unscheduled audit plans approved by the Governor. An audit decision shall contain:

- Bases for conducting the audit;

- Audited unit;

- Objectives, contents and scope of the audit;

- Date and place of audit;

- Chief and members of the audit delegation;

- Other contents (if available).

Concurrently, the audit decision shall be notified to the audited unit 03 (three) days prior to the audit, except for the case of unscheduled audit.

During the audit, if needed to change bases for conducting the audit; audited unit; objectives, contents and scope of the audit; date and place of audit; chief and members of the audit delegation, the Director of the Internal Audit Department shall issue a written decision and notify it to the audited unit and members of the audit delegation.

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

Le Vy

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