Independent Audit Publication

• The Law on Independent Audit (No.67/2011/QH12): This Law regulates the principles, conditions, scopes, and forms of independent audit activities; the rights and obligations of practicing auditors, auditing firms, branches of foreign auditing firms in Vietnam and the units that are audited. (Click here for more details)
• Decree on Independent Audit (No.17/2012/NĐ-CP): This Decree details and guides the implementation of several articles of the Law on independent audit on audit professional organizations; audit firms; providing audit services across the border; audited entities; audit reports and archiving, use and destruction of audit dossiers. (Click here for more details)
• Decree on penalties for administrative violations in the fields of accounting and independent audit (No. 41/2018/NĐ-CP): The Decree provides for administrative violations, the time limit for penalty impositions, penalties, fines, remedial measures, competence to record and impose penalties for administrative violations in the fields of accounting and independent audit regulated by this Decree. (Click here for more details)
• Audit service quality control (No.43/VBHN-BTC): This Circular defines the organization and implementation of quality control of audit service, financial report and information examination service, and other assurance services as stipulated in Paragraph 1, Article 40 of the Law on Independent Audits (hereinafter referred to as the audit services) undertaken by certified auditors, auditing enterprises and branches of foreign auditing enterprises in Vietnam. (Click here for more details)
• Code of ethics (No. 70/2015/TT-BTC): This Circular provides a Code of ethics for professional accountants and auditors. (Click here for more details)

The Vietnamese Auditing Standards System prescribes and guides the application of the objectives and fundamentals of financial statement audit. This Standard system applies to the independent auditor of financial statements and applies to the audit of other financial information and related services of the auditing company.

• VSA 210: Audit contract 
• VSA 220: Quality control for audit work
• VSA 240: Fraud and error
• VSA 250: Consideration of laws and regulations in an audit of financial statements
• VSA 260: The Auditor's Communication with Those Charged with Governance
• VSA 300: Planning
• VSA 310: Knowledge of the business
• VSA 320: Audit materiality
• VSA 330: The Auditor's Procedures in Response to Assessed Risks
• VSA 400: Risk assessments and internal control
• VSA 401: Auditing in computer information systems
• VSA 402: Audit considerations relating to entities using service organizations
• VSA 500: Audit evidence
• VSA 501: Audit evidence - additional consideration for specific items
• VSA 505: External Confirmations
• VSA 510: Initial engagements - opening balances
• VSA 520: Analytical review procedures
• VSA 530: Audit sampling and other selective testing
• VSA 540: Audit of accounting estimates
• VSA 545: Auditing Fair Value Measurements and Disclosures
• VSA 550: Related parties
• VSA 560: Events after the balance sheet date
• VSA 570: Going concern
• VSA 580: Management presentation
• VSA 600: Using the work of another auditor
• VSA 610: Using the work of an internal auditor
• VSA 620: Using the work of an expert
• VSA 710: Comparatives
• VSA 720: Other information in documents containing audited financial statements
• VSA 800: The auditor's report on special purpose audits
• VSA 910: Engagements to review financial statements
• VSA 920: Examination of financial information using agreed-upon procedures
• VSA 930: Engagements to compile financial statements
• VSA 1000: Audit the finalized report of construction contract

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International Independent Auditing Standards: The standards provide specific regulations and guidance on all issues related to the independent audit work of auditors, including: audit strategy, audit procedures, risk assessment, types of audit opinions, etc.

International professional ethics standards

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