CPA Australia inks deal

January 13, 2011 | 20:49
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CPA Australia, one of the largest accounting bodies in the world, today signed a cooperation agreement with the State Audit Office of Vietnam (SAV).

The agreement enhances information exchange between the two bodies and encourages international collaboration as a powerful avenue to strengthen the accounting profession.

CPA Australia CEO Alex Malley said the agreement with SAV was a demonstration of SAV’s commitment to advancing the accounting profession and its integrity.

“The role of SAV in conducting independent auditing services for the Vietnamese government plays an integral part not only in developing Vietnam’s economy, but also sends a strong signal to the region that Vietnam is serious about its efforts to build a transparent and respected market economy,” said Malley.

“Vietnam’s accounting profession is flourishing,” he added. “The growing presence of CPA Australia in this country since 2008 advocates our standpoint that as a region, we can achieve much more working together than as individual nations.”

This five-year cooperation agreement focuses on professional training and development via information and experience exchange, local and international seminars and workshops, professional network expansion, and scholarships to positively influence and contribute to the development of the accounting and auditing workforce and industry in Vietnam.

On January 14, CPA Australia will also sign a memorandum of understanding (MOU) with the Banking University of Ho Chi Minh City, which will would enrich the high-quality educational opportunities the university offered Vietnamese students – particularly in its finance and business streams.

According to the MOU, CPA Australia would support the university with initiatives including scholarship offerings, curriculum assessment, sponsorship for students’ activities, seminars and conferences for accounting professionals and access to research grants.

“CPA Australia has a long tradition of working with the world’s leading education providers. We are particularly pleased to be signing this agreement with the Banking University – one of Vietnam’s top educational institutions – because it will enable collaboration to benefit both organisations,” said Malley.

BankingUniversityis the fifth Vietnamese university with which CPA Australia has signed MOU. The other four universities are the National Economics University (Hanoi), University of Economics (Ho Chi Minh City), RMIT University (Vietnam) and Academy of Finance (Hanoi).

By Nguyen Trang

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