Decision No. 143/2001/QD-BTC dated December 21, 2001 of the Ministry of Finance on the issuance and publication of six Vietnamese standards on auditing (Batch 3)
ATTRIBUTE
Issuing body: | Ministry of Finance | Effective date: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
Official number: | 143/2001/QD-BTC | Signer: | Nguyen Sinh Hung |
Type: | Decision | Expiry date: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
Issuing date: | 21/12/2001 | Effect status: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
Fields: | Finance - Banking |
THE MINISTRY OF FINANCE |
| SOCIALISTREPUBLIC OF VIETNAM |
No. 143/2001/QD-BTC |
| Hanoi, December 21, 2001 |
DECISION
ON THE ISSUANCE AND PUBLICATION OF SIX VIETNAMESE STANDARDS ON AUDITING (BATCH 3)
THE MINISTER OF FINANCE
- Pursuant to Decree 15/CP dated 2 March 1993 of the Government on assignment and authority of, and responsibility for, State management by ministries and ministry-level agencies;
- Pursuant to Decision 178/CP dated 28 October 1994 of the Government on the assignment, authority and organization of the Ministry of Finance;
- Pursuant to Decree 07/CP dated 29 January 1994 of the Government promulgating the Regulation on independent auditing in the National Economy;
- In response to the requirement of reforming economic and financial management, upgrading and controlling the independent audit quality in the national economy and strengthening the reliability of financial information in the national economy;
Upon the proposal by the Director of the Accounting Policy Department and Chief of the Ministry’s Office,
DECIDES:
Article 1.To promulgate six (06) Vietnamese Standards on Auditing (Batch 3) with the codes and titles as follows:
1. Standard No. 240 - | Fraud and Error |
2. Standard No. 300 - | Planning |
3. Standard No. 400 - | Risk Assessment and Internal Control |
4. Standard No. 530 - | Audit Sampling and Other Selective Testing Procedures |
5. Standard No. 540 - | Audit of Accounting Estimates |
6. Standard No. 610 - | Considering the Work of Internal Auditing |
Article 2.The Vietnamese Standards on Auditing issued in conjunction with this decision shall be applicable to independent audits of financial statements. The independent audit of other financial information and related services rendered by audit firms shall be performed in accordance with the provisions of individual standards.
Article3. This Decision shall come into effect from 1 January 2002.
Article4.Auditors and audit firms eligible for practice in Vietnam are required to apply these auditing standards in their operations.
The Director of the Accounting Policy Department, Chief of the Ministry’s and heads of units affiliated to, or controlled by, the Ministry of Finance shall be responsible for guidance, supervision and implementation of this Decision.
| THE MINISTER OF FINANCE |
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