Which enterprises that are compulsoried to audit financial statements?
According to Decree 17/2012/ND-CP, dated March 13, 2012, Enterprises that are required to audit their financial statements that are required by law to have annual financial statements must be audited by an audited enterprise, branch audited by foreign auditing firms in Vietnam, including:
Enterprises with foreign investment capital;Credit institutions established and operating under the Law on Credit Institutions, including foreign bank branches in Vietnam;Financial institutions, insurance enterprises, reinsurance enterprises, insurance brokerage enterprises, branches of foreign non-life insurance enterprises.Public companies, issuers and securities trading organizations.State-owned enterprises, except for state-owned enterprises operating in the field of state secrets as prescribed by law, must have their annual financial statements audited;Enterprises and organizations implementing projects of national importance and group A projects using state capital, except for projects in the field of state secrets as prescribed by law, must be audited for their reports. finalization of completed projects;Enterprises and organizations in which state-owned groups and corporations hold 20% or more voting rights at the end of the fiscal year must have their annual financial statements audited;Enterprises in which listing organizations, issuers and securities trading organizations hold 20% or more voting rights at the end of the fiscal year must have their annual financial statements audited;Auditing firms, branches of foreign auditing firms in Vietnam must have their annual financial statements audited.