State audit shifts focus on large projects

State audit shifts focus on large projects

“Focus will be placed on auditing issues of public concern and projects which were causing losses to give recommendations for improving public finance management policies,” he said.

Phoc said mega projects to be audited include the Ben Thanh – Suoi Tien and Cat Linh – Ha Dong projects and the VND10 trillion flood prevention project in HCM City. In addition, audits would be carried out on the refunding of value-added taxes, information technology application in the general departments of taxation and customs and build-transfer projects.

As the SAV was focusing on large projects, 20 per cent fewer audits will be carried out in 2019 than in the previous year.

An SAV report showed that through its 2018 audits, SAV proposed the State budget collect more than VND20.5 trillion (US$890 million). It also reduced State budget expenditures by VND44.4 trillion ($1.89 billion). SAV also transferred five cases with signs of violations to the police for further investigation.

It proposed amending or abolishing more than 110 legal documents to improve efficiency in tax management, natural resource management, the implementation of build-transfer and build-operate-transfer projects and the operation of economic zones, high-tech zones and the use of official development assistance funds.

According to Pham Thanh Son from SAV, the audits carried out on the general departments of taxation and customs revealed problems in State budget collection, value-added tax refunds and customs declarations and clearance.

Son said SAV found that over the past two years, the General Department of Customs’ information system did not provide warnings or suspend customs declarations of firms with debts overdue for more than 90 days.

An error in the information system for automated customs clearance also caused a recent flood of second-hand machinery into Vietnam, Son said.

Deputy Chairwoman of the National Assembly Tong Thi Phong said the SAV contributed to tightening management disciplines, improving the efficiency of the use of public money and preventing waste and corruption.

According to Phoc, SAV would focus on enhancing auditing quality this year to improve regulation compliance.

In addition, international integration and co-operation would also be strengthened to leverage the position of SAV in the international market.