Promulgating the System of State Audit Standards in Vietnam from December 8, 2024

Promulgating the System of State Audit Standards in Vietnam from December 8, 2024

 The State Auditing Standards System in Vietnam (CMKTNN) including a glossary and 43 state auditing standards with specific numbers and titles is Issued together with Decision 08/2024/QD-KTNN

1. CMKTNN 100 - Fundamental Principles in Audit Activities of the State Audit
2. CMKTNN 130 - Code of Professional Ethics
3. CMKTNN 140 - Audit Quality Control
4. CMKTNN 150 - Competence of State Auditors
5. CMKTNN 200 - Principles of Financial Audit
6. CMKTNN 300 - Principles of Performance Audit
7. CMKTNN 400 - Principles of Compliance Audit
8. CMKTNN 2200 - Overall Objectives and Requirements for State Auditors Conducting a Financial Audit in accordance with State Auditing Standards
9. CMKTNN 2220 - Quality Control for Financial Audit
10. CMKTNN 2230 - Audit Documentation for Financial Audit
11. CMKTNN 2240 - Responsibilities of State Auditors Related to Fraud in Financial Audit
12. CMKTNN 2250 - Assessment of Legal Compliance and Regulations in Financial Audit
13. CMKTNN 2260 - Communication with the Audited Entity in Financial Audit
14. CMKTNN 2300 - Planning the Financial Audit
15. CMKTNN 2315 - Identifying and Assessing Risks of Material Misstatement in Financial Audit
16. CMKTNN 2320 - Determining and Applying Audit Materiality in Financial Audit
17. CMKTNN 2330 - Actions of State Auditors Regarding Assessed Risks in Financial Audit
18. CMKTNN 2402 - Considerations When Auditing Entities Using External Services in Financial Audit
19. CMKTNN 2450 - Assessing Misstatements Detected in the Course of Financial Audit
20. CMKTNN 2500 - Audit Evidence in Financial Audit
21. CMKTNN 2505 - External Confirmations in Financial Audit
22. CMKTNN 2510 - Auditing Opening Balances in Financial Audit
23. CMKTNN 2520 - Analytical Procedures in Financial Audit
24. CMKTNN 2530 - Audit Sampling in Financial Audit
25. CMKTNN 2540 - Auditing Accounting Estimates in Financial Audit
26. CMKTNN 2550 - Related Parties in Financial Audit
27. CMKTNN 2560 - Events After the Reporting Period
28. CMKTNN 2570 - Auditing Going Concern of an Entity in Financial Audit
29. CMKTNN 2580 - Written Representations in Financial Audit
30. CMKTNN 2600 - Considerations When Auditing Summary Financial Statements, Consolidated Financial Statements
31. CMKTNN 2610 - Using the Work of Internal Auditors in Financial Audit
32. CMKTNN 2620 - Using the Work of Experts in Financial Audit
33. CMKTNN 2700 - Forming the Audit Opinion and Audit Report in Financial Audit
34. CMKTNN 2701 - Communicating Key Audit Matters in the Audit Report
35. CMKTNN 2705 - Modified Opinion in the Auditor's Report on Financial Statements
36. CMKTNN 2706 - "Emphasis of Matter" and "Other Matter" Paragraphs in the Auditor's Report on Financial Statements
37. CMKTNN 2710 - Comparative Information - Corresponding Figures and Comparative Financial Statements
38. CMKTNN 2720 - Responsibilities of State Auditors for Other Information in Documents Containing Audited Financial Statements
39. CMKTNN 2800 - Considerations When Auditing Financial Statements Prepared in Accordance with a Special Purpose Framework
40. CMKTNN 2805 - Considerations When Auditing Standalone Financial Statements and When Auditing Specific Elements, Accounts, or Items of a Financial Statement
41. CMKTNN 2810 - The Auditor's Opinion on Summary Financial Statements
42. CMKTNN 3000 - Performance Audit Standards
43. CMKTNN 4000 - Compliance Audit Standards

More details can be found in Decision 08/2024/QD-KTNN effective from December 8, 2024.

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