Viet Australia Audit Officially Ranked Among the Top 31 Auditing Firms Approved to Audit Public-Interest Entities in 2025

Decision No. 2730/QĐ-BTC Issued by the Ministry of Finance on November 15, 2024

On November 15, 2024, the Ministry of Finance issued Decision No. 2730/QĐ-BTC, approving auditing firms and practicing auditors eligible to perform audits for public-interest entities in 2025.

Accordingly, Viet Australia Audit Co., Ltd. has been honored to be among the top 30 auditing firms meeting the conditions to audit public-interest entities, as stipulated in Article 1 of Decree No. 134/2020/NĐ-CP dated November 15, 2020, issued by the Government. This decree outlines the conditions for practicing auditors and auditing organizations approved to audit public-interest entities.

Eligibility Conditions for Auditing Public-Interest Entities

Pursuant to Clause 1, Article 5 of Decree No. 84/2016/NĐ-CP dated July 1, 2016, the eligibility conditions for auditing organizations approved to audit public-interest entities are as follows:

a) Valid Certificate of Business Eligibility:
The organization must hold a valid Certificate of Business Eligibility for providing audit services, issued by the Ministry of Finance.

b) Capital Requirements:
The organization must have charter capital or allocated capital (for branches of foreign auditing firms in Vietnam) of at least VND 6 billion and must consistently maintain owner’s equity on the balance sheet of no less than VND 6 billion.

c) Minimum Number of Practicing Auditors:
The organization must have at least 10 practicing auditors, including the Director or General Director, who meet the standards stipulated in Article 6 of this Decree.

d) Minimum Operating Period:
The organization must have conducted audit activities in Vietnam for at least 24 months, calculated from the date of initial registration of practicing auditors or from the date the Certificate of Business Eligibility for audit services was first issued, to the date of submitting the application.

đ) Audit Reports for Financial Statements:
The organization must have issued audit reports for the financial statements of at least 200 entities during the period from October 1 of the preceding year to September 30 of the application submission year.
For organizations already approved in the year of application, an additional requirement is to have issued audit reports (or review reports for financial statements) for at least 10 public-interest entities within the same period.

e) Quality Control System:
The organization must have a quality control system established in compliance with the Vietnamese auditing standards.

g) Professional Liability Insurance or Risk Reserve Fund:
The organization must have purchased professional liability insurance or established a reserve fund for professional risks as required by the Ministry of Finance.

h) No Disqualifying Circumstances:
The organization must not fall into the categories outlined in Article 7 of this Decree that would disqualify it from being considered for approval.

i) Timely Submission of Registration Documents:
The organization must submit the registration documents to perform audits in accordance with Articles 9 and 10 of this Decree, both completely and on time.

With the above-mentioned Decision from the Minister of Finance, Viet Australia Audit Co., Ltd. will continue to have the opportunity to provide audit services to public-interest entities.

We are committed to contributing to the transparency of financial data, minimizing tax risks, and accompanying our clients on their journey toward success. Together, we strive to ensure the financial health and compliance of every client we serve.

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