Internal Auditing Services
WHAT IS INTERNAL AUDIT?
Internal Audit is an independent and objective assurance and consulting function (through auditing, inspection, review, and other assessment activities) designed to add value and improve an organization’s operations.
INTERNAL AUDIT SERVICES
Internal Audit Services support businesses in reviewing, evaluating, and advising on their risk management, internal control, and governance processes in order to create value, enhance operational effectiveness, and improve overall business performance.
Our services include, but are not limited to:
Internal audit of financial information and reporting
Fixed asset management process review
Procurement and sales process review and risk assessment
Accounts receivable and accounts payable process review and risk assessment
Control risk assessment relating to taxation, payroll, and operating expenses, etc.
VALUE DELIVERED
The value delivered through ICMA’s Internal Audit services is built upon three key dimensions that Internal Audit brings to businesses:
♦ Assurance
♦ In-depth Advisory
♦ Objectivity
Boards of Directors and Executive Management utilize Internal Audit to obtain independent assurance and objective advisory support regarding the effectiveness and efficiency of governance processes, internal control systems, and risk management frameworks.
POSITION OF INTERNAL AUDIT WITHIN THE THREE LINES MODEL
WHICH ORGANIZATIONS NEED INTERNAL AUDIT?
Pursuant to Clause 1, Article 10 of Decree No. 05/2019/ND-CP dated 22 January 2019 on Internal Audit for enterprises, from 01 April 2021, the following entities are required to establish and implement Internal Audit activities:
♦ Listed companies.
♦ Enterprises in which the State holds more than 50% of charter capital and operates under a parent company – subsidiary structure.
♦ State-owned enterprises operating under a parent company – subsidiary structure.
Enterprises not falling under Clause 1, Article 10 of Decree No. 05/2019/ND-CP are encouraged to implement Internal Audit practices. Internal Audit is particularly valuable for:
♦ Businesses aiming to enhance transparency and prepare for M&A transactions or IPOs.
♦ Medium and large enterprises seeking stronger risk management and process optimization.
♦ Family-owned businesses looking to separate financial governance and professionalize management structures.
ICMA’S INTERNAL AUDIT METHODOLOGY AND PROCESS
WHY CHOOSE ICMA?
♦ ICMA meets the Government’s requirements for providing Internal Audit services
- Enterprises specified under Clause 1, Article 10 of Decree No. 05/2019/ND-CP may engage qualified independent audit firms in accordance with applicable regulations to provide Internal Audit services.
♦ ICMA has accumulated extensive experience in delivering Internal Audit services across various industries over many years. Some of our representative clients include:
Reference materials on ICMA Internal Audit Services:
♦ “Understanding ICMA’s Internal Audit Services” ► Click here to read now!
CONTACT INFORMATION
We hope the above benefits provide greater confidence and satisfaction when experiencing ICMA’s Internal Audit services.
For further information, please contact:
► Mr. Nguyen Trung Kien – Audit Services Manager
► Phone: +84 932 302 939
► Email: kien.nt@icma.com.vn
► Address: 7th Floor, Victory Tower,
12 Tan Trao Street, Tan My Ward (former District 7), Ho Chi Minh City, Vietnam
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