Audit process issued by the State Audit Office of Vietnam on December 23, 2016 is attached with the Decision No. 08/2016/QD-KTNN, prescribing that the audit process comprises 4 steps such as Preparation; Performance; Making and sending audit reports; Oversight of performance of audit conclusions and audit requests.
In accordance with the process, time limit of an audit begins from the date on which a decision on audit is announced until the completion of the audit. Time limit of an audit does not exceed 60 days. In a case deemed necessary to extend the time limit of an audit, State Auditor General shall grant an extension not exceeding 30 days. If an audit is accessed whether public finance and/or public property are managed and used with economy, efficiency, and effectiveness nationwide, State Auditor General shall decide its specific time limit.
Also in this Decision, disclose the audit decision to audited unit, notify the general audit program, clarify responsibilities and entitlement of the delegation leader and members of the audit delegation, rights and obligations of audited unit as prescribed by law; and reach a consensus on the coordination between the audit delegation and the audited unit. The delegation leader shall notify the audited unit of audit results that have been approved by State Auditor General.
This Decision takes effect on February 06, 2017.
Source: http://english.luatvietnam.vn/default.aspx?tabid=720
