Independent Audit under Decree 90/2025: Which Enterprises Are Required to Undergo Audit?

On April 14, 2025, the Government of Vietnam issued Decree 90/2025/NĐ-CP, amending and supplementing Decree 17/2012/NĐ-CP, which provides detailed guidance for implementing certain provisions of the Law on Independent Audit 2011. This regulation clarifies which enterprises are required to undergo independent audits and establishes the criteria for determining large-scale enterprises that must conduct audits to ensure transparency, accuracy, and legal compliance. This article helps enterprises identify whether they are subject to mandatory audit, introduces Viet Australia Auditing’s services, and explains how Viet Australia Auditing can provide independent audits for third parties to ensure lawful and professional financial reporting.

Entities Required to Undergo Independent Audit under Decree 90/2025

Decree 90/2025 specifies key categories of enterprises subject to mandatory independent audit as follows:

Credit institutions and branches of foreign banks

• Includes banks and foreign bank branches established under the Law on Credit Institutions 2024.
• These entities must undergo annual independent audits to ensure transparency and accuracy in financial reporting.

Financial, insurance, and reinsurance enterprises

• Covers insurance companies, reinsurance firms, insurance brokers, and branches of foreign non-life insurers.
• Independent audits help ensure financial data integrity and compliance with risk management and legal standards.

Public companies, issuing organizations, and securities businesses

These entities must be audited to protect shareholders and investors, ensuring transparent and reliable financial disclosures.

Large-scale enterprises

An enterprise is classified as “large” if it meets at least two of the following three criteria:

• Average number of employees participating in social insurance ≥ 200 per year

• Annual total revenue ≥ 300 billion VND

• Total assets ≥ 100 billion VND

Calculation details:

• Average social-insured employees = Total social-insured employees of all months in the previous fiscal year ÷ 12.
• Total revenue and total assets are determined based on the previous year’s financial statements.

If a company fails to meet these criteria for two consecutive years, it is temporarily exempt from mandatory audit until it meets them again.

Other specific cases include:

• State-owned enterprises (except those in national security or state-secret sectors).

• Enterprises implementing national key projects or Group A projects using state capital (except those involving state secrets).

• Enterprises in which state-owned groups, general corporations, or listed organizations hold ≥ 20% of voting rights.

These entities must undergo independent audits to ensure transparency of financial statements and project settlements; this requirement does not replace State Audit supervision.

Why Enterprises Need Independent Audits

• Legal compliance: Decree 90/2025 clearly stipulates mandatory audit subjects, helping businesses avoid violations.

• Financial transparency: Independent audits verify revenue, expense, and asset data, ensuring accuracy.

• Credibility with investors and banks: Audited reports enhance trust and facilitate capital mobilization.

• Tax and inspection readiness: Independently audited financial statements reduce the risk of tax reassessment or post-audit adjustments.

Viet Australia Auditing – Professional Independent Audit Services

Viet Australia Auditing Ltd. (Viet Uc Auditing) is a trusted partner offering comprehensive independent audit services across Vietnam.

Our Services Include:

• Annual financial statement audits for state-owned, joint-stock, and foreign-invested companies.

• Project completion audits for national key or state-funded projects.

• Third-party audits — for branches, affiliates, or entities required by foreign partners.

• Internal control consulting and audit-preparation advisory for tax inspections.

Benefits of Choosing Viet Australia Auditing:

• High expertise: Our professionals have Big4 experience and deep knowledge of international and Vietnamese auditing standards.

• Reliability: Licensed under Vietnamese law, ensuring transparency and independence.

• Comprehensive service coverage: Auditing, project audits, internal control consulting, and tax advisory.

• Cost & time efficiency: Scientific, flexible audit processes that meet legal deadlines effectively.

Independent Audits for Enterprises & Third Parties

Even enterprises not subject to mandatory audits are encouraged to voluntarily engage Viet Australia Auditing to:

• Enhance financial transparency and reputation.

• Prepare for IPOs, fundraising, or banking relationships.

• Support internal or international audits for multinational corporations.

Viet Australia Auditing provides third-party audit services in full compliance with Vietnamese law and international standards, ensuring credibility and professionalism for every client.

Viet Australia
Viet Australia Auditing Company is an independent auditing organization licensed and established in 2007 in the Socialist Republic of Vietnam.