Vietnam: Guidance on financial audits - KPMG Global
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Vietnam: Guidance on financial audits of foreign-invested enterprises

Vietnam: Guidance on financial audits

Guidance issued as regulations by the Ministry of Finance is to be followed to coordinate the audit of corporate finance mechanisms and policies at foreign-invested enterprises (FIEs).


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The Department of Corporate Finance (Ministry of Finance) is responsible for and will coordinate with other relevant authorities (including the customs and tax authorities) in conducting audits of the financial status of FIEs. These financial audits are to address:

  • Value of assets contributed as capital by parties (value of land-use rights; value of tangible assets such as machinery, equipment, factories, intangible fixed assets, etc.)
  • Use of machinery and equipment imported duty-free to form fixed assets for proper purposes
  • Provision of loans (bank loans, issuance of corporate bonds, etc.)
  • Making and use of provisional funds, fixed-asset depreciation, accounting of exchange rate differences
  • Share of profits from state-contributed capital in foreign-invested economic organisations or projects
  • Preservation of capital contributed by state-invested economic organisations and projects
  • Transfer of capital; capital contribution to enterprises
  • Implementation of commitments and satisfaction of conditions for entitlement of financial incentives and investment support (exclusive of tax incentives) after projects commence operation

KPMG observation

The new guidance is being considered an enhanced audit plan, compared to the annual plan for tax audits and inspections in businesses. FIEs need to consider the implication of the new regulations and prepare for upcoming audits. 


Read an August 2017 report [PDF 120 KB] prepared by the KPMG member firm in Vietnam

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