THE GOVERNMENT | | THE SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness |
No. 05/2019/ND-CP | | Hanoi, January 22, 2019 |
DECREE
On internal audit[1]
Pursuant to the June 19, 2015 Law on Organization of the Government;
Pursuant to the November 20, 2015 Accounting Law;
At the proposal of the Minister of Finance;
The Government promulgates the Decree on internal audit.
Chapter I
GENERAL PROVISIONS
Article 1. Scope of regulation
This Decree prescribes internal audit in state agencies, public non-business units and enterprises.
Article 2. Subjects of application
1. This Decree applies to:
a/ Ministries, ministerial-level agencies, and government-attached agencies;
b/ Provincial-level People’s Committees;
c/ Public non-business units;
d/ Enterprises;
dd/ Other organizations and individuals involved in internal audit activities.
2. Entities that are required by specialized laws to carry out internal audit shall comply with such specialized laws. For issues not regulated by specialized laws, internal audit shall be carried out in accordance with this Decree.
3. Internal audit of credit institutions must comply with the Law on Credit Institutions, documents guiding this Law, and other guiding documents issued by the State Bank.
4. Internal audit of the State Bank must comply with the Law on the State Bank of Vietnam, documents guiding this Law, and other guiding documents issued by the State Bank.
Article 3. Interpretation of terms
1. Internal audit performer means a person performing internal audit work of a unit.
2. Person in charge of internal audit means a person assigned by a competent authority defined by law or by regulations of a unit to take charge of internal audit of such unit.
3. Affiliated person of an internal audit performer may be his/her blood parent, adoptive parent, parent-in-law, spouse, offspring, adopted child, blood sibling or sibling-in-law.
Article 4. Objectives of internal audit
Through examination, assessment and consultancy activities, internal audit provides independent and objective guarantees and recommendations about:
1. Units’ internal control systems established and operating in a proper manner, in order to prevent, detect and address risks of the units.
2. Governance and risk management processes of units, in order to ensure their effectiveness and high efficiency.
3. Operation objectives and strategic objectives, and working plans and tasks which units have achieved or performed.
Article 5. Basic principles of internal audit
1. Independence: Internal audit performers of units may not concurrently perform jobs subject to internal audit. Units shall ensure that internal audit is not subject to any intervention while the reporting and assessment tasks are performed.
2. Impartiality: Internal audit performers shall ensure impartiality, accuracy, honesty and fairness while performing their tasks.
3. Compliance with law and responsibility before law for internal audit activities.
Article 6. Requirements to ensure compliance with basic principles of internal audit
[1] Công Báo Nos 153-154 (07/02/2019)
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