Study on Accounting Audit System in Vietnam－Focusing on Measures taken by Korean Companies－

서지정보

· 발행기관 : 한국세무학회
· 수록지 정보 : 세무와회계저널 / 22권 / 1호 / 123 ~ 149페이지
· 저자명 : 서정화, 서정우, 이영묵

초록

Korea and Vietnam have formed a diplomatic relationship since 1992 and have exchanged in many political, cultural, tourism and economic fields to date. South Korean companies are expanding into Vietnam continuously, and the amount of investment each year is increasing.
However, Vietnam has not yet completed the auditing system like Korea. It is assumed that Korean companies that have entered Vietnam need to obtain appropriate information from the Vietnamese audit system. Vietnam must receive an external audit from all independent accounting firms and submit an audit report after the end of the fiscal year under Article 29, Paragraph 3 of the 2015 Accounting Law(LuậtKếtoán 2015).
South Korea has enforced a strict accounting audit system by law, such as the law on external audits of corporations. However, various problems can occur in Vietnam due to differences between Korea and other social cultures. In particular, since many Korean companies have set up in Vietnam, an erroneous accounting audit system can cause corporate losses.
When a Korean company has entered Vietnam, when it conducts an audit with a Vietnamese accounting corporation, it needs to move in the right direction in properly displaying the company’s financial condition and management results. When a company that has expanded into Vietnam conducts accounting audit work with a small accounting corporation, it is necessary to request the preparation of internal guidelines so that the effectiveness of quality management supervision can be enhanced.And it is necessary to request the official release of the results of quality control supervision and improvement recommendations. Along with this, it is necessary to violate the provisions of the Audit Law and strengthen the discipline of individuals and organizations. Companies that have entered Vietnam need to correctly judge the phenomenon of reducing audit costs. Accounting work to accurately determine and comply with the standardized audit fee range that takes into account the customer’s asset size, type of industry, and the expertise of the auditors to be announced as announced by the Vietnamese Ministry of Finance (BộTàichính (ViệtNam)) Should be selected.

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