Related regulations

Related regulations

Vietnamese Regulations
  • 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 a number of 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, 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)
  • Vietnamese standards on Auditing: The VSA establishes standards and fundamental principles and provide guidance on procedures to be followed by the audit firm and the auditor such as: Audit strategy, Audit procedures, risk assessment, audit opinions, etc. (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 Code of ethics for professional accountants and auditors. (Click here for more details)
International Standards 
International Audit Standards and related guiding documents can be read and downloaded here
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