Professional Services

Vietnam Accounting Standards (VAS) were developed based on international accounting standards (IAS/IFRS) from the years 2000 to 2005, according to the principle of selective application of international practices, suitable to the characteristics of the economy. economy and management level of Vietnamese enterprises. Up to now, Vietnam has developed and issued 26 VASs.

Risk-based internal audit (RBIA) is an audit method that identifies and evaluates an organization's risks to develop an audit plan and select audit procedures to provide assurance to leaders on the effectiveness and efficiency of risk management processes.

Properly operated Internal Audit can provide new value to organizations during a pandemic. The COVID-19 pandemic has changed the functions of internal audit for businesses and organizations. With a few tweaks, internal audits can improve the efficiency of processes and reduce risk in a new work environment, while providing a new level of value for organizations.

According to international practice, internal audit is known as the highest independent supervisory function in an organization. However, awareness among many agencies and enterprises in Vietnam about how to organize and perform this function is not clear. Therefore, Decree 05 provides a legal framework on internal audit that stipulates the roles and responsibilities of the internal audit department and related parties, which shows that the main objective of internal audit is to ensure and provide independent advice on the effectiveness of the internal audit. effectiveness and efficiency of corporate governance, risk management and internal control.

According to the definition of the Association of Internal Auditors (IIA), internal control is a system of processes implemented by the management, the board of directors (BOD) and the employees of the unit. is designed to provide reasonable assurance about effective and efficient performance, reliable financial reporting, and compliance with laws and regulations.

Internal audit plays the role of an independent and objective monitoring department of operational processes and provides an assessment of the corporate governance environment. This monitoring and evaluation is to support the unit leaders in building and maintaining an effective corporate governance environment.

“Data” (data), “big data” (big data), “data analytics” … are currently the series of keywords that have received the most attention in recent years when The world is entering the era of digital technology. So what is data analytics and how does it play a role in business growth?

In today's 4.0 era, the world of data management is sometimes confusing and unclear, it can be difficult for businesses to get useful information from the precious data they have collected. Data analytics is considered a key to success to unlock meaningful information from the raw data of the enterprise through analytical techniques.

As we all know, the current set of International Financial Reporting Standards (“IFRS”) includes more than 40 standards, some of which have been recently issued and applied in the last few years. such as IFRS 9 – Financial Instruments, IFRS 15 – Revenue from customer contracts, IFRS 16 – Leases, while 26 Vietnamese Accounting Standards (“VAS”) are currently being drafted.