SERVICES
Our Financial Statements audit department provides assurance services about the performance and financial position of a business. Besides, we also support businesses to improve the quality of external financial statements and comply with legal regulations including: Vietnamese Accounting System, Vietnamese Accounting Standards and International Financial Reporting Standards (IFRS). We also assist our clients in externalizing non-financial information and help refine their corporate governance processes.
Audit for Financial Statements
Based on the Standard Auditing Procedures of the Vietnam Association of Certified Public Accountants (VACPA) and designed with a focus on key risk areas, based on the client’s business characteristics such as field of activities, competitive pressures, inherent risks and companies’ culture. We also audit consolidated financial statements for large-scale corporations.
Audit for construction finalization
With a strong team of construction engineers and auditors knowledgeable about the construction field, we perform final settlement audits of basic construction investment projects with the best reliability and quality.
Support services for International Financial Reporting Standards – IFRS
Our IFRS services included as follows:
– Convert reports from VAS to IFRS;
– Audit the Financial Statements in accordance with IFRS;
– Training and updating IFRS.
IFRS Conversion – The majority of countries around the world currently use International Financial Reporting Standards. If you are growing organizations and plan to expand into foreign markets, you need accurate, tailored advice on applying IFRS.
– If you are listed companies in Vietnam or want to list on the stock market of Vietnam as well as abroad, you should grasp this change to stand out from other companies in this market.
– If your businesses are multinational companies and are facing challenges when regularly converting financial statements from VAS to IFRS to support the consolidation process at the Parent Company, we will provide for you the fastest and most effective conversion method.
We have a team of IFRS experts who will assist and guide your businesses through the potentially complex issues of IFRS.
In Vietnam, the Ministry of Finance has issued Decision 345/QD-BTC dated 16 March 2020 approving the “Scheme to apply financial reporting standards in Vietnam”. Accordingly, the application of IFRS in Vietnam is divided into 3 phases including:
– The preparation phase (from 2019 to 2019 to 2021);
– The trial phase (from 2022 to 2025) will apply to a number of enterprises selected by the Ministry of Finance;
– The mandatory phase (from after 2025) will apply to some types of enterprises.
IFRS Auditing and Consulting Company Limited
The company provides a wide range of services such as audit of financial statements, tax advice, accounting services and valuation services with leading experts working in large auditing firms, multinational corporations
