Circular 08 is applied to state agencies, public non-business units and listed enterprises, parent enterprises in which more than 50% of charter capital is owned by the state, state-owned enterprise which is parent company. The entities which do not fall into these categories are encouraged to perform internal audit.
Vietnam Internal Audit standards are divided into two main groups: attribute standards and performance standards.
Attribute and Performance Standards apply to all internal audit activities.
Circular 08 also requires internal auditor to apply and maintain five ethical principles including:
For more information on internal audit, please visit here