On the morning of July 21, 2014, in Hanoi, the Ministry of Finance, in collaboration with Vietnam Association of Certified Public Accountant (VACPA), held an annual meeting of directors of auditing companies 2013-2014. The meeting was chaired by Assoc. Prof. Dr. Dang Thai Hung, Director of Accounting & Auditing Policy Department and Assoc. Prof. Dr. Tran Van Ta, Chairman of VACPA. Attendees at the meeting include leaders of departments of the Ministry of Finance (the MoF), State Securities Commission, professional associations and over 60 accounting firms in Northern Vietnam. Chairman of the Member Board, General Director of AASC Ngo Duc Doan also took part in and delivered speech at this meeting.
Under the authority of leaders of the MoF, Director Dang Thai Hung summarized and evaluated the situation of auditing profession in 2013 and announced 2014 direction. In general, operating results of auditing firms in 2013 showed positive signs and witnessed a boost in both scale, revenue, number of clients and services as well as service quality provided to clients. Among Vietnamese auditing firms, AASC maintained its leading position in the aspect of revenue with over VND 130 billion achieved. Particularly, AASC revenue from auditing finalization reports of completed constructions reached over VND 30.7 billion, which kept AASC at top in the independent audit profession. Director Hung also announced the direction for independent audit profession in 2014 and resolutions to tackle misstatements in the operation of auditing firm, aiming to build a more transparent audit market.
Speaking at the meeting, Assoc. Pro. Dr. Tran Van Ta - Chairman of VACPA reported on the operation of the association in 2013 and shared useful information in organizing training course for continuing professional development, establishing 10 Vietnamese standards on auditing (stage 2), promulgating 37 prevailing standards. Chairman Tran Van Ta also hoped that with the support from the MoF, professional associations such as ACCA, CPA Australia, etc. VACPA and its collective members as weill as individual members will positively contribute to independent audit profession in the time ahead.
As the leading one among Vietnamese auditing firm and a collective member of VACPA, AASC Auditing Firm commits to close cooperate with other auditing firms to develop professional knowledge and skill, enhance professional ethics of auditors to provide clients with diversified and highest quality services and significantly contribute to the development of independent audit profession.
Photos of the meeting
Director Dang Thai Hung summarized the situation of independent audit profession in 2013 and announced 2014 direction
Chairman of VACPA Tran Van Ta reported on the operation of VACPA 2013 and shared information of VACPA training courses
Leaders of more than 60 auditing firms and professional associations at the meeting
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