Circular No. 171/1998/TT-BTC guides the internal auditing at state-owned enterprises, replacing Circular No. 52/1998/TT-BTC and amending some provisions on the organization and implementation of internal auditing.
Đối tượng áp dụng
State-owned enterprise
Các điểm cốt lõi
- State-owned enterprise → shall be responsible for the accuracy and truthfulness of financial reports and organize internal auditing or hire independent auditors if necessary.
- The scope, tasks, contents, procedures, and methods of internal auditing → shall be in accordance with the Internal Auditing Regulation issued together with Decision No. 832 TC/QĐ/CĐKT dated October 28, 1997 of the Ministry of Finance.
- The organizational structure of the internal auditing department → depends on the scale, operating area, and specific conditions of the enterprise. The establishment of such a department is not mandatory for enterprises.
- The professional qualifications and work experience requirements for internal auditors → include additional requirements for a college-level degree in economics, finance, accounting, or business management, with at least five years of practical work experience in financial management and accounting.
- The provision regarding the appointment of the Head of the Internal Auditing Department → has been abolished.
🌐 Tác động xã hội từ văn bản này
- State-owned enterprises will have more autonomy in organizing and implementing internal auditing, reducing administrative burdens.
- However, enterprises need to invest in training staff to meet new professional requirements for internal auditors.
❓ Câu hỏi thường gặp
Is it mandatory for state-owned enterprises to establish an internal auditing department?
No, establishing an internal auditing department is not mandatory for enterprises. However, if the enterprise deems it necessary and meets the required conditions, it can still establish such a department.
What are the new professional qualifications for internal auditors?
Internal auditors who do not hold a bachelor's degree in economics, finance, accounting, or business management must have a college-level degree in economics, finance, or business management, with at least five years of practical work experience in financial management and accounting, and three years of work experience in the enterprise.
When does this circular take effect?
This circular takes effect fifteen days from the date of issuance, replacing Circular No. 52/1998/TT-BTC.
What should enterprises do if they have not established an internal auditing department but find it necessary to do so?
The General Director (Director) of the enterprise may choose and decide on the form of organization of the internal auditing department as appropriate.
Has the regulation regarding the appointment of the Head of the Internal Auditing Department been abolished?
Yes, this circular has abolished the requirement for the opinion in writing of the General Department, Department of State Capital and Asset Management in enterprises when appointing the Head of the Internal Auditing Department.
Toàn văn
CIRCULAR
OF THE MINISTRY OF FINANCE NO. 171/1998/TT-BTC
DATE DECEMBER 22, 1998 GUIDING IMPLEMENTATION
INTERNAL AUDIT AT STATE ENTERPRISES
The Ministry of Finance has issued Decision No. 832/TC/QĐ/CĐKT dated October 28, 1997 on the Internal Audit Regulation and Circular No. 52/1998/TT-BTC dated April 16, 1998 guiding the organization of internal audit bodies at state enterprises. In the process of implementation, there remain some issues that need to be amended to suit the management mechanism and actual conditions of the enterprises. The Ministry of Finance hereby guides the implementation of internal audit at state enterprises as follows:
I. PROVISIONS ON INTERNAL AUDIT
1. State enterprises must bear legal responsibility for the accuracy and truthfulness of financial reports and must organize internal audit of their own financial statements or hire independent auditors if deemed necessary.
Internal audit is a regular activity of the enterprise, organized and implemented by the enterprise itself, aimed at ensuring the reliability of accounting data and information in the enterprise's financial reports, primarily serving the enterprise.
2. The scope, tasks, contents, procedures, methods of internal audit, and other relevant provisions shall be carried out in accordance with the provisions of the Internal Audit Regulation issued together with Decision No. 832 TC/QĐ/CĐKT dated October 28, 1997 of the Minister of Finance.
3. Organization of internal audit bodies
Depending on the scale of production and business, whether the operating area is centralized or decentralized, specific conditions, and the level of expertise of the accounting staff... Enterprises may choose an appropriate and effective organizational form for internal audit bodies. The establishment of internal audit bodies is not mandatory for enterprises.
- State enterprises that have established internal audit bodies in accordance with Circular No. 52/1998/TT-BTC dated April 16, 1998 of the Ministry of Finance may continue to maintain the organization and operation of the internal audit body or reorganize it in accordance with this Circular depending on the situation of the enterprise.
- For enterprises that have not yet established internal audit bodies, if they meet the conditions and deem it necessary to establish such bodies, the General Director (Director) of the enterprise shall select and decide on the organizational form of the internal audit body that is suitable.
4. Supplementing the standards regarding professional qualifications and years of experience of internal auditors stipulated in Article 12 of the Internal Audit Regulation issued together with Decision No. 832 TC/QĐ/CĐKT dated October 28, 1997 of the Ministry of Finance as follows:
In cases where internal auditors do not hold a bachelor's degree in economics, finance, accounting, or business administration, they must at least have a college degree in economics and finance or business administration, with at least five years of practical work experience in financial management and accounting, and have worked in the enterprise for at least three years but not less than the professional qualifications of the chief accountant of the enterprise.
5. Removing the provision on the appointment of the Head of the Internal Audit Department: "After obtaining written comments from the General Bureau and the Department of State Capital and Asset Management at Enterprises" stipulated in Article 17 of the Internal Audit Regulation issued together with Decision No. 832 TC/QĐ/CĐKT dated October 28, 1997 of the Ministry of Finance.
II. IMPLEMENTATION
1. This Circular takes effect 15 days from the date of signature and replaces Circular No. 52/1998/TT-BTC dated April 16, 1998 of the Ministry of Finance guiding the organization of internal audit bodies at state enterprises.
2. During the implementation period, if there are any issues, please promptly reflect them to the Ministry of Finance for research and appropriate amendments.
Bản đồ quan hệ
Bấm vào một văn bản để mở. Viền đỏ = quan hệ làm thay đổi hiệu lực.
Bản dịch
Văn bản này có sẵn ở các ngôn ngữ sau: