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.
Aligning transfer pricing with international norms

Aligning transfer pricing with international norms

The growth of foreign-invested enterprises (FIEs) in Vietnam has recently raised increasingly complicated tax concerns. These problems arise primarily from the practical issues of determining the transaction price between FIEs and their related parties.
From BEPS 1.0 to BEPS 2.0

From BEPS 1.0 to BEPS 2.0

In the context of the Organisation for Economic Cooperation and Development (OECD)/G20 Base Erosion and Profit Shifting (BEPS) project, the 15 final actions were published to equip governments with domestic and international rules and instruments to address tax avoidance, ensuring that profits are taxed where economic activities generating the profits are performed and where value is created.
Concluding cross-border M&A deals in a professional fashion

Concluding cross-border M&A deals in a professional fashion

As cross-border mergers and acquisitions in the country continue to rise, Vietnamese companies are now more astute in dealing with overseas investors thanks to help from professional advisors. Lam Le, partner at RSM Vietnam, shared his consulting experiences with VIR’s Nam Phuong.
Transfer pricing research advised

Transfer pricing research advised

As Vietnam tightens its grip on transfer pricing, firms are being advised to keep themselves posted on how to record transactions of related parties.
Tax implications of cross-border trade

Tax implications of cross-border trade

"Decree 20 also gives the tax authorities the power to use internal databases for TP assessment purposes in the case of a taxpayer being deemed non-compliant with the requirements of the decree."
Experts scrutinise inconsistent accounting standards

Experts scrutinise inconsistent accounting standards

Vietnam is well on its way to adopting the International Financial Reporting Standards to promote transparency, but vast differences between these standards and the Vietnam Accounting Standards may pose a ­challenge to domestic businesses.
Audit and tax risks in 4.0 era

Audit and tax risks in 4.0 era

As Vietnam prepares to introduce the amended Law on Tax Administration in 2019, Lam Le, partner for tax and consulting services at RSM Vietnam, shared with VIR’s Nam Phuong some important points for foreign businesses and investors.
New digital tech in the private sector

New digital tech in the private sector

The digital transformation poses an unprecedented opportunity to create a strong private sector ecosystem. RSM Vietnam, one of the leading mid-tier accounting and advisory firms in Vietnam, is working with private sector customers to embrace this digital change. Lam Le, RSM partner – Tax and Consulting, shared with VIR’s Thanh Van his insights into digital transformation in the private sector and the company’s role in the area.
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