Circular No. 65/2015/TT-BTC issues Vietnamese standards on review service contracts, including two standards: the standard for reviewing past financial statements and the standard for interim financial information review conducted by independent auditors. This document applies to entities providing review services from January 1, 2016.
适用范围
[Audit firms, branches of foreign audit firms in Vietnam, practicing auditors, and related organizations and individuals]
要点
- Audit firms and branches of foreign audit firms in Vietnam must comply with the standards on review service contracts from January 1, 2016 (Article 3).
- Review service contracts for financial statements and financial information performed before January 1, 2016 but issued later must comply with the newly issued standards under this Circular (Article 3).
- Auditing Standard No. 910 ceases to be effective from January 1, 2016 (Article 3).
🌐 本文件的社会影响
- Audit firms and related organizations must comply with the new standards to ensure the quality of review services.
- Users of review services benefit from the application of uniform standards.
- Businesses may face difficulties during the transition to comply with the new standards.
❓ 常见问题
Who does this Circular apply to?
It applies to audit firms, branches of foreign audit firms in Vietnam, practicing auditors, and related organizations and individuals.
Which standard becomes ineffective?
Auditing Standard No. 910 ceases to be effective from January 1, 2016.
Must review service contracts performed before January 1, 2016 comply with the new standards?
If these contracts are issued after January 1, 2016, they must comply with the new standards under Circular No. 65/2015/TT-BTC.
When does this Circular take effect?
Effective from January 1, 2016.
What is the main content of this Circular?
Issuing Vietnamese standards on review service contracts, including two standards: the standard for reviewing past financial statements and the standard for interim financial information review conducted by independent auditors.
全文
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MINISTRY OF FINANCE |
SOCIALIST REPUBLIC OF VIET NAM |
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NUMBER: 65/2015/TT-BTC |
HA NOI, May 8, 2015 |
CIRCULAR
ISSUING VIETNAMESE STANDARDS ON AUDIT SERVICE ENGAGEMENTS
On the basis of Law on Independent Auditing No. 67/2011/QH12 dated March 29, 2011;
Decree No. Decree No. 17/2012/NĐ-CP dated March 13, 2012 of the Government detailing and guiding the implementation of certain provisions of the Law on Independent Auditing;
Decree No. 215/2013/NĐ-CP dated December 23, 2013 of the Government on the functions, tasks, powers, and organizational structure of the Ministry of Finance;
At the request of the Chairman of the Vietnam Association of Certified Public Accountants, the Director of the Accounting and Auditing Standards Department;
The Minister of Finance issues this Circular on issuing Vietnamese standards on audit service engagements.
Article 1. Accompanying this Circular are two (02) Vietnamese standards on audit service engagements, including:
1. Vietnamese Standard on Audit Service Engagement No. 2400 - Audit Services for Past Financial Reports.
2. Vietnamese Standard on Audit Service Engagement No. 2410 - Interim Financial Information Review Performed by an Independent Auditor.
Article 2. This Circular applies to auditing firms, branches of foreign auditing firms in Vietnam, practicing auditors, and other organizations and individuals involved in providing audit review services for financial reports and financial information as stipulated in Article 1 of this Circular.
Article 3. Organizations, entities, and individuals involved in the importation, production, processing, blending, distribution, and retail sale of gasoline, diesel fuel, and biofuel must comply with the provisions of the National Technical Regulations on gasoline, diesel fuel, and biofuel promulgated along with this Circular.
For audit service engagements for financial reports and financial information conducted before January 1, 2016 but issued audit review reports after January 1, 2016, the Vietnamese standards on audit service engagements issued under this Circular must be applied.
Audit Standard No. 910 “Review of Financial Statements” issued pursuant to Decision No. 195/2003/QĐ-BTC dated November 28, 2003 of the Minister of Finance shall cease to be effective from January 1, 2016.
Article 4. The Director of the Accounting and Auditing Standards Department, auditing firms, branches of foreign auditing firms in Vietnam, practicing auditors, and other organizations and individuals involved are responsible for implementing this Circular./.
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DEPUTY MINISTER DEPUTY MINISTER (Signed) Tran Xuan Ha |
原始文件（PDF）
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