ICAEW teams up with Vietnam’s Ministry of Finance to deepen accounting and auditing expertise

ICAEW teams up with Vietnam’s Ministry of Finance to deepen accounting and auditing expertise

The ICAEW has signed an MoU with the Accounting and Auditing Supervisory Department to increase the quality of HR and accounting and auditing standards in Vietnam.
A strategic assessment for Vietnam’s adoption of IFRS

A strategic assessment for Vietnam’s adoption of IFRS

Companies that have benefited most are those that have looked at this as a chance to make improvements to their systems and processes and have used it as a focus for more efficient, punctual and meaningful internal and external financial information.
IFRS 9 for banks set to be the way forward

IFRS 9 for banks set to be the way forward

The International Financial Reporting Standards (IFRS) Roadmap in Vietnam was officially announced in Decision No.345/QD-BTC in March by the Ministry of Finance. Against the mandate by the ministry and economic distress caused by COVID-19, KPMG now views the application of IFRS to be more challenging than anticipated as banks in Vietnam plan forward to embrace IFRS 9.
Gathering momentum in IFRS adoption

Gathering momentum in IFRS adoption 1

Following March’s promulgation of Decision No.345/QD-BTC by the Ministry of Finance approving the scheme for applying International Financial Reporting Standards in Vietnam..
What firms need to know about IFRS compliance in ERP system

What firms need to know about IFRS compliance in ERP system

The incorporation of compliance with the International Financial Reporting Standards (IFRS) in the Enterprise Resource Planning (ERP) system implementation will greatly benefit enterprises in terms of operation management as well as investment efficiency.
IFRS adoption roadmap raises challenges to property businesses

IFRS adoption roadmap raises challenges to property businesses

The recent MoF ruling to adopt IFRS will send ripples across real estate businesses, especially those with extensive asset portfolios.
IFRS for better financial reporting in Vietnam

IFRS for better financial reporting in Vietnam 1

The recent announcement of a roadmap for international financial reporting standards (IFRS) in Vietnam marks a key milestone on the path of improvement of financial reporting quality in the country.
IFRS 17: The controversy that has not come to an end

IFRS 17: The controversy that has not come to an end

As the first comprehensive and truly International Financial Reporting Standard (IFRS) to set up a consistent accounting framework for all insurance contracts, IFRS 17 is the result of an  initiative by the International Accounting Standards Board (IASB).
Conversion of VAS financial statements to IFRS among Vietnamese firms

Conversion of VAS financial statements to IFRS among Vietnamese firms

PwC Vietnam recently organised two workshops to help Vietnamese companies reach international financial reporting standards and comply with the MoF's roadmap.
Banks prepare for IFRS 9 standards

Banks prepare for IFRS 9 standards

PwC Vietnam and SAS Malaysia last week held workshops in Hanoi and Ho Chi Minh City to support Vietnamese banks in preparing for the implementation of International Financial Reporting Standards (IFRS) 9.