Vietnam: Inspection and comparison procedures related to audit activities of State Audit Office

According to Vietnam's Decision 155/QD-KTNN, inspection and comparison procedures are as follows:

- If the entities subject to inspection and comparison scope are already determined in the general audit plan, inspection and comparison procedures in Vietnam are as follows:

• Formulate and approve the inspection and comparison plan (according to regulations on formulation of detailed audit plan).

• Organize the inspection and comparison according to the approved plan; formulate records of confirmation of inspection and comparison data and situation of auditors (hereinafter referred to as “confirmation records”).

• Formulate an inspection and comparison record.

• Draw up audit conclusion and proposition notification.

- If the entities subject to inspection and comparison are selected during the audit process, inspection and comparison procedures in Vietnam are as follows:

• Analyze documents provided by the audit unit to determine risk of crucial errors or unclear matters and select entities and contents subject to inspection and comparison before formulating and proposing an inspection and comparison plan to the auditor team leader for approval. The auditor team leader has the power to approve the plan and shall report it to the chief auditor and leader of State Audit Office of Vietnam before implementation.

• Organize the inspection and comparison; formulate confirmation records of auditors.

• Formulate an inspection and comparison record.

• Draw up audit conclusion and proposition notification.

More details can be found in: Regulations issued together with Vietnam's Decision 155/QD-KTNN effective from February 18, 2021.

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