CPA to assist auditing/accounting services in VN

May 29, 2012 | 13:00

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The Association of Certified Practicing Accountants of Australia (CPA Australia) will provide the necessary technical support and know-how to help Vietnam draw up a legal framework for auditing and accounting services in the country that conforms to international practices.

An agreement to this effect was signed in Hanoi on May 25 by the Vietnamese Ministry of Finance (MoF) and CPA Australia and many of MoF’s employees will receive scholarships to study in Australia as part of the agreement.

Vietnam ’s taxation system will be included in CPA’s training programme and the country will also make it easier for CPA Australia members to be awarded auditing certificates, valid for working in Vietnam .

Speaking at the signing ceremony, Deputy Finance Minister Truong Chi Trung said the agreement will assist the development of auditing and accounting services in Vietnam and help MoF to realise its strategy to develop its human resources.

The CPA Australia’s General Director Alex Malley said that Vietnam ’s growth rate and its integration into the global economy have increased the demand for professional auditors and accountants who are able to work in a dynamic and global environment.

Having experience in consultancy, legal affairs, auditing and accounting, CPA Australia is ready and able to assist Vietnam , he said.

The CPA is a 126 year old global professional accounting body with 139,000 members from 114 countries and territories across the world and established representative offices in Hanoi and Ho Chi Minh City in 2008.