What is independent auditing ? What are the regulations to pay attention to in the Law on Independent Auditing No. 67/2011/QH12? Please refer to the information related to independent auditing in this article of MISA
Note: Before learning about independent auditing, you can learn general information about auditing in the article for further reading.
Table of Contents Hide
1. What is an independent audit?
1.2. Organizational model of independent auditing enterprise
1.3. Audit object
1.4. Legal value of independent audit reports
2. Characteristics of independent auditing
2.1. Operate independently
2.2. Auditing activities arising from audit contracts
2.3. Subject to financial statements
2.4. The main purpose is to make profit
3. The role of independent audit
3.1. Building trust among brazil telegram data stakeholders
3.2. Improve business management capacity and efficiency
4. Law on Independent Auditing No. 67/2011/QH12
5. The relationship between independent audit and internal audit
Conclusion
1. What is an independent audit?
What is an independent audit?
Independent auditing is the average Price for copywriting in ukraine varies work of practicing auditors, auditing firms, and branches of foreign auditing firms in Vietnam examining and giving their independent opinions on financial statements and other auditing work according to the auditing contract.
In there:
– An auditor is a person who is granted an auditor certificate canada data according to the provisions of law or a person who has a foreign certificate recognized by the Ministry of Finance and passes an exam on Vietnamese law.
A practicing auditor is an auditor who has been granted a Certificate of Registration to practice auditing.
– An auditing enterprise is an enterprise that meets the conditions to conduct auditing services
according to the provisions of this Law and other relevant
A branch of a foreign auditing enterprise in Vietnam is a dependent unit of a foreign auditing enterprise, has no legal status, and is guaranteed by the foreign auditing enterprise to be responsible for all obligations and commitments of the branch in Vietnam.
1.2. Organizational model of independent auditing enterprise
Auditing firms are organizational structures with a large number of independent auditors. These firms perform a wide range of services over a large area. Therefore, they are organized in a decentralized manner and operated in a functional or combined manner.
According to this model, companies require a high level of organizational coordination from managers, require high and comprehensive expertise from auditors and company leaders, require
large investments in experts, experience and capital
1.3. Audit object
To perform auditing services as well as other related services such as accounting, tax, consulting, finance, information technology, etc., independent auditing organizations have relationships with clients voluntarily or are required by law.– Mandatory entities: are organizations and units that are required by law to hire an independent auditing company to conduct audits.