Stepping up internal audits for businesses

Stepping up internal audits for businesses

According to Decree No.05/2019/ND-CP dated January 22, 2019 on internal audit (IA), target groups have until April 1, 2021 to deploy the IA function.
How to assess effectiveness of internal audits

How to assess effectiveness of internal audits

The traditional role of internal auditing in Vietnamese companies only focuses on financial estimations and monitoring of the internal control system. However, in recent years, its role and influence has been increasingly enhanced in contributing to risk management activities and improving value. Therefore, it is very important to assess the effectiveness of internal auditing.
Firms asked to start internal audits

Firms asked to start internal audits

Listed companies and public enterprises owned fully or partially by the State are required to start internal audits on April 1, 2019.
Firms dance to a new audit tune

Firms dance to a new audit tune

Businesses should start planning and get their houses in order for a new wave of onsite tax inspections. Rolf Winand, Partner of DFDL law firm writes these inspections should not be onerous if proper planning and preparation is done now.
Transfer pricing in the headlines

Transfer pricing in the headlines

At least 20 per cent of annual tax audit cases will be subject to a transfer pricing audit.