Quyết định 195/2003/QĐ-BTC của Bộ Tài chính về việc ban hành và công bố sáu chuẩn mực kiểm toán Việt Nam (đợt 5)

DECISION

ON THE ISSUANCE AND PUBLICATION OF SIX VIETNAMESE STANDARDS ON AUDITING (BATCH 5)

THE MINISTER OF FINANCE

- Pursuant to Governmental Decree No. 86/2002/ND-CP dated November 5, 1993 on the functions, jurisdictions and organization of ministries and ministry-level agencies;

- Pursuant to Governmental Decree No. 77/2003/ND-CP dated July 1, 2003 on the functions, jurisdictions 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 5) with the codes and titles as follows:

1. Standard No. 401 - Auditing in a Computer Information System Environment

2. Standard No. 550 - Related Parties

3. Standard No. 570 - Going Concern

4. Standard No. 800 - The Auditor’s Report on Special Purpose Audit Engagements

5. Standard No. 910 - Engagements to Review Financial Statements

6. Standard No. 920 - Engagements to Perform Agreed-Upon Procedures Regarding Financial Information

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.

Article 3. This Decision shall come into effect from 1 January 2004.

Article 4. 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.