According to this document, standards of internal audits of Vietnam and principles of professional ethics of internal audits are applied to enterprises, state agencies and public service units prescribed in Article 8, 9 and 10 in the Decree No. 05/2019/ND-CP.
Units other than those mentioned above are encouraged to implement internal audit standards of Vietnam and principles of professional ethics of internal audits annexed to the Circular No. 8.
Purposes of standards of internal audits of Vietnam:
- Providing a regulatory framework to implement and promote internal audits to create added value for the unit.
- Establishing the basis for assessing the internal audit performance.
- Encouraging the unit's improved processes and operations.
The person conducting internal audits is expected to apply and uphold the following ethical principles: integrity; objectivity; confidentiality; expertise and prudence; professional qualifications;
For more details, please see the Circular No. 8/2021/TT-BTC entering into force as of April 1, 2021.
>> CLICK HERE TO READ THE ARTICLE IN VIETNAMESE
1.047