Decision No. 143/2001/QD-TCBD dated February 28, 2001 of the General Department of Post and Telecommunications promulgating the regulation on control of quality of the post and telecommunications services and networks

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:

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.