Vietnam, UK step up cooperation in auditing

The State auditing of offices of Vietnam and the UK will continue cooperating together to match with the two countries’ new strategic relationship.
The State auditing of offices of Vietnam and the UK will continue cooperating together to match with the two countries’ new strategic relationship.

This plan was outlined at a talk between the Auditor General from the UK ’s National Auditing Office (UK NAO) Amyas Morse and the State Audit of Vietnam’s (SAV) Chief Auditor Vuong Dinh Hue, who visited the UK from September 18-22 at the invitation of the UK NAO head.

This is the first UK ministerial-level visit by the SAV since Vietnam and the UK signed a joint declaration to raise both countries relationship to a strategic partnership.

They agreed to increase joint programmes through a wide range of activities. The UK NAO will send its experts to help Vietnam draw up action plans to implement a development strategy for the State audit by 2020, which was approved by the National Assembly Chairman in April 2010.

The UK NAO will also help Vietnam to standardise auditing methods, especially in personnel training.

Chief Auditor Hue said that the UK ’s NAO visit to Vietnam in 2011 is part of a UK government project to provide technical support to the SAV.

They agreed to coordinate their activities with the European Association of Supreme Audit Institutions (EUROSAI) and the Asian Organisation of Supreme Audit Institutions (ASOSAI).

The UK ’s NAO, is a member of EUROSAI’s management board and is committed to boosting cooperation between the two institutions to cope with the global financial crisis as well as similar occurrences in the future.

Both agreed to promote the role and responsibility of each auditing office and the auditing community during financial crises.

The SAC and the UK NAO first established bilateral ties in 1997.

As part of their visit, the Vietnamese delegation met with the Association of Chartered Certified Accountants (ACCA) to ask for more professional training.

Helen Brand, an ACCA official, said she hoped that the exchange of experiences between the ACCA and the SAV would help to improve professional skills for both offices as well as for general auditors.

The ACCA will support the SAV in its dealings with other auditing organisations across the world, she said.

The Vietnamese delegation will also pay working visit to the Netherlands and Belgium until September 28./.

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