Vietnam's Ministry of Finance and IIA inks MoU furthering internal audit mission

The head office of Vietnam's Ministry of Finance in Hanoi.

KUALA LUMPUR, April 13 (Bernama) : The Institute of Internal Auditors (IIA) has signed a Memorandum of Understanding (MoU) with the Vietnam Ministry of Finance (MOF) Accounting and Auditing Supervisory Department for cooperation and collaboration in establishing and advancing the internal audit profession in Vietnam.

"We are delighted to mark this historic occasion, which represents a significant collaboration with Vietnam’s government toward defining the crucial role of internal audit in the public and private sector of this important country,” said President and Chief Executive Officer of The IIA, Anthony Pugliese.

"Together, we will continue to work toward our mutual goal to raise the profile of internal audit in Vietnam, strengthen stakeholders’ understanding of the value that internal audit brings to organisations, and advance the profession in Vietnam and globally.”

Among key benefits, internal auditors in Vietnam will have the ability gaining access to The IIA’s global Standards, guidance, resources, and tools; participate in training programmes across career levels; and, collaborate with local partners in developing and delivering training for internal auditors in the public and private sectors.

The IIA is the only global association for professional internal auditors. With 200,000 members in nearly 200 countries and territories, The IIA is well-positioned to support governments worldwide in advancing corporate governance and risk management in their countries via effective internal audit.

In 2018, The IIA formed the IIA-Vietnam Network to support the profession by organising a wide range of services dedicated to the education and advancement of internal auditors, according to a statement.

On April 1, 2019, the Vietnam MOF issued an Internal Audit Decree, which provides a legal framework for the establishment and implementation of internal audit under globally accepted standards as expressed by The IIA’s International Standards for the Professional Practice of Internal Auditing. - Bernama
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IIA , Vietnam , MOF , MoU , Internal Audit Profession


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