Auditing Service

20 Apr Auditing Service

Posted at 14:15h in Services by VACPA Admin

Auditing services is an independent professional service that improves the quality of information for decision makers. Those who are responsible for business decision-making are always looking for auditing services that enhance the reliability and accuracy of the information they use as a basis for their decisions.

When your business is required to have a statutory audit, or for other purposes, AM Accounting auditing team will be ready to provide a professional and efficient audit to meet auditing needs. Moreover, in the auditing process, we will take a closer look and we will give advice to help you developing stably in the future rather than merely checking the numbers.

Auditing service is essential because the service provider is independent and unbiased about any information.

STATUTORY FINANCIAL STATEMENT AUDIT

Annual audits will be conducted by the preliminary audit and the final audit according to the agreed schedule with customers.

The process of Financial Statement Audit is built based on:

Comply with the current Vietnamese Auditing Standards
Comply with general international standards and practices in the professional field
Principles of professional auditing ethics: Independence, integrity, objectivity, prudence and confidentiality of information acquired during the auditing process
Compliance with practical business and Vietnamese law

FINANCIAL STATEMENT AUDIT FOR TAX PURPOSES

Financial statements audit for tax purposes is similar to that of statutory financial statement audit but the company will focus more on items relating to tax, expense and tax obligations of the unit.

CHECK FINANCIAL INFORMATION ON THE BASIS OF PRE-AGREED PROCEDURES

The objective of checking financial information on the basis of pre-agreed procedures is to perform auditing procedures agreed between the auditors, the audited unit and the relevant third party, to report the checking results.

OPERATIONAL AUDIT

Operational audit is the activity which the auditor check and evaluate the economics, effectiveness and efficiency of an audited division or whole entity. At the end of the audit, the auditor will give advices for improving the performance of the business. In operational audits, we will not restrict the checking of the accounting work of the business, including the assessment of the inventory control process, sales process, marketing, payroll, and any extra fields relating to our expertise.

COMPLIANCE AUDIT

The purpose of compliance audit is to assess whether an audited firm adheres to the procedures, rules or regulations that the business must comply with. Compliance audit may include assessing the compliance with the accounting procedures prescribed by the accountant, checking whether the salary of the business is consistent with the minimum wage requirements, and checking contract terms with banks and other companies to assert the compliance of enterprise, at the same time assessing whether the bank’s requirements for debt are met.

The board of executives, not anyone outside company, initially care about compliance with the laws and regulations of the business. Therefore, the audit must be conducted by the auditors who are directly appointed by the executives.

DUE DILIGENCE EVALUATION

Due Diligence evaluation service focuses on reassessing assets and debt of the company for mergers and acquisitions (M & A). This service is conducted based on the process agreed between the customer and our company.

CAPITAL AUDIT FOR CONSTRUCTIONS

According to Vietnamese law, every company must appoint qualified auditors to audit the cost of capital of construction and submit it to the appropriate functional authorities within the prescribed period. And we are the smart choice for your company in this field.