Vietnam, UK boost audit partnership

15:34 | 04/12/2017 Finance - Banking

Comptroller and Auditor General of the National Audit Office of the UK (NAO) Amyas Morse and State Auditor General of Vietnam Ho Duc Phoc have agreed to share information about financial auditing and continue with IT and personnel training cooperation. 

At a working session between SAV and ICAEW - Source: VNA

Phoc was visiting the UK from November 26 – 30 to boost ties between the State Audit Office of Vietnam (SAV) and the NAO, the Association of Chartered Certified Accountants (ACCA), and the Institute of Chartered Accountants in England and Wales (ICAEW).

During a working session with the NAO, Phoc suggested the NAO continue sharing the UK’s law on state auditing, operational processes, environment and tax auditing with Vietnam and sending experts to the country to share experience.

He asked both sides to regularly update each other about skills and documents and offer support in multilateral events hosted by the International Organization of Supreme Audit Institutions.

During a working session on November 28, the SAV and ACCA agreed to continue discussing contents of a joint study project on environmental auditing for sustainable development and to hold seminars and dialogues to share experience in financial and public asset auditing.

The ACCA vowed to open training courses to improve the SAV’s capacity of holding the Congress of the Asian Organisation of Supreme Audit Institutions (ASOSAI).

The SAV and the ICAEW also pledged to hold training courses on operating and environmental audits.

The Vietnamese delegation proposed the ICAEW continue sending experts to Vietnam to share experience via teleconferences, workshops and training courses.

On the occasion, Phoc invited NAO Auditor General Morse, ACCA Chief Executive Officer Helen Brand and ICAEW Chief Executive Officer Michael Izza to the 14th ASOSAI Congress scheduled for September 19-22, 2018 in Hanoi.

Theo VNA