On January 25, 2021, the Ministry of Finance issued Circular 8/2021/TT-BTC, promulgating the Vietnam Internal Audit (IA) Standards and the Code of Ethics for internal auditing professionals.
According to Circular 8/2021/TT-BTC, these Vietnam IA Standards and the Code of Ethics apply to enterprises, state agencies, and public service units as specified in Articles 8, 9, and 10 of Decree 05/2019/ND-CP. Other entities are encouraged to voluntarily apply the Vietnam IA Standards and Code of Ethics issued under this circular.
Purpose of the standards:
- Provide a regulatory framework to implement and promote internal audit activities that generate added value for the organization.
- Establish a basis for evaluating internal audit activities.
- Encourage improved processes and practices within organizations.
The internal audit standards are divided into two main groups:
- Attribute standards
- Performance standards
👉 Download Circular 8/2021/TT-BTC
