Vietnamese Standards for internal auditing from April 1, 2021

Duc Thao

16:39, 05/02/2021

Recently, the Ministry of Finance of Vietnam issued Circular 8/2021/TT-BTC on the Vietnamese Standards and the Code of Ethics for Internal Auditing.

The Vietnamese Standards for internal auditing are set of mandatory principles which apply to enterprises, regulatory agencies, public sector entities. Attribute standards in Vietnam include:

1000 - Purpose, Authority, and Responsibility
1010 - Recognizing Mandatory Guidance in the Internal Audit Charter
1100 - Independence and Objectivity
1110 - Organizational Independence
1111 - Direct Interaction with the Board
1112 - Chief Audit Executive Roles Beyond Internal Auditing
1120 - Individual Objectivity
1130 - Impairment to Independence or Objectivity
1200 - Proficiency and Due Professional Care
1210 - Proficiency
1220 - Due Professional Care
1230 - Continuing Professional Development
1300 - Quality Assurance and Improvement Program
...

More details can be found in Vietnam's Circular 8/2021/TT-BTC, effective from April 1, 2021.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

106 lượt xem

- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email [email protected]