Ensuring the Quality of Internal Audit Activities

19:15, 10/07/2024

This content is stipulated in Decree 05/2019/ND-CP issued by the Government of Vietnam on January 22, 2019, governing internal audit activities.

Accordingly, Decree 05 stipulates that in order to ensure the quality of internal audit activities, units must conduct internal evaluations of internal audit activities to ensure the quality of internal audit operations.

Internal Evaluation of Internal Audit Activities refers to the practice of self-evaluating internal audit activities at the end of the audit and conducting an annual overall self-evaluation of the internal audit activities carried out by the internal audit department itself to ensure the quality of internal audit activities.

The results of the annual internal evaluation must be reported to the competent authorities.

Additionally, Decree 05 also stipulates that units may hire external organizations with expertise to evaluate the quality of internal audit activities.

See details Decree 05/2019/ND-CP effective from April 1, 2019.

-Thao Uyen-

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

0 lượt xem

- This translation is generated by OpenAI's GPT-4o model;
- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email [email protected]