Auditing Services

SCIC provides a variety of professional auditing services, including: financial statement auditing, construction auditing – project cost auditing, operational auditing of credit funds, trust investment funds, internal auditing of enterprises, and tax cost auditing.

SCIC's auditing activities are carried out according to a strict process, fully complying with the standards and regulations issued by the Ministry of Finance, including: audit preparation, audit execution, summarization – conclusion, and issuance of audit reports. In particular, SCIC always accompanies and offers free post-audit consulting to help enterprises improve their financial management systems.

Auditing – SCIC's core strength

Auditing is one of the fundamental factors that create the SCIC brand and is also our outstanding strength. Over many years of operation, SCIC's auditing services have continuously developed in both scale and quality.

Through audits, SCIC has supported many enterprises:

• Identifying and addressing existing issues in accounting – finance
• Improving the accounting system and internal control system
• Enhancing financial management efficiency and enterprise operational capacity

SCIC is proud to have a team of experienced leaders and auditors who have deep knowledge in the fields of auditing, accounting, tax, finance, and privatization consulting. We are committed to being a reliable partner and a suitable choice for enterprises.

What is an auditing service?

Auditing is the process of examining and confirming the truthfulness and reasonableness of documents and financial reports prepared and published by enterprises. Auditing services not only provide reliability for investors, partners, and state management agencies but also help enterprises:

• Accurately assess the financial situation
• Control costs and operational efficiency
• Improve financial policies and comply with legal frameworks

Understanding that role, SCIC has built a team of auditors who are not only strong in auditing – accounting – tax expertise but also well-versed in relevant legal regulations such as: auditing law, accounting, tax, investment, finance, valuation, transfer pricing, commerce, and labor.

SCIC's clients operate in various fields across the territory of Vietnam.

Which entities are subject to auditing services?

According to the provisions of Decree 17/2012/ND-CP dated March 13, 2012, of the Government, enterprises and organizations subject to mandatory auditing include:

1. Enterprises and organizations that must be audited annually:

• Foreign-invested enterprises
• Credit institutions, including branches of foreign banks in Vietnam
• Financial organizations, insurance enterprises, reinsurance, insurance brokerage
• Public companies, organizations issuing and trading securities

2. Other enterprises and organizations as prescribed by relevant laws.

3. Specific other cases:

• State-owned enterprises (except for areas classified as state secrets)
• Enterprises and organizations implementing important national projects, group A projects using state capital
• Enterprises with 20% or more voting rights held by state-owned corporations or groups
• Enterprises with 20% or more voting rights held by listed organizations or securities issuers
• Auditing enterprises and branches of foreign auditing enterprises in Vietnam

In addition, enterprises and organizations not subject to mandatory auditing can still voluntarily conduct audits to enhance transparency and credibility.

The auditing service implementation process at SCIC

SCIC carries out auditing services in the following steps:

• Initial field survey, agreement on contract and work plan
• Assigning an audit team to work directly at the enterprise
• Assessing the internal control system
• Understanding the accounting, tax, and financial systems
• Participating in witnessing cash, fixed asset, and inventory counts
• Checking and reconciling key items: cash, bank deposits, receivables, inventory, fixed assets, debts, capital contributions, revenues, expenses…
• Reviewing and advising on issues affecting tax obligations
• Discussing and adjusting errors and providing suitable solutions
• Sending a summary report and draft audit report
• Agreeing on data with the client
• Issuing the official audit report

The value that SCIC's auditing services bring

• Professional auditing services of high quality at reasonable costs
• Fully complying with legal regulations on accounting – auditing
• Providing accompanying consulting support during the contract execution, including:
• • Reviewing and improving the internal control system
  • Tax consulting and legal compliance
  • Human resources, labor – salary policy consulting

SCIC's commitment to auditing services

• Fully and accurately performing the tasks as per the contract
• Ensuring the schedule and deadline for issuing the audit report
• Comprehensive consulting on internal management and tax risk issues
• Accompanying clients to resolve issues so that the audit report can be issued in accordance with regulations

Enterprises can be completely assured when cooperating with SCIC.