xổ số miền nam娱乐PwC, Deloitte receive 'good' accreditation in 2019

PwC, Deloitte receive 'good' accreditation in 2019

HÀ NỘI — Two auditing firms were graded “Good” by the State Securities Co妹妹ission (SSC) regarding the quality of their services in  二0 一 九, while eight others were deemed “Acceptable”.

The top firms were PwC Vietnam and Deloitte Vietnam, subsidiaries of global giants PwC and Deloitte.

The eight others included Grant Thornton Vietnam Co Ltd, Vietnam Auditing and Valuation Co Ltd, An Việt Auditing Co Ltd and RSM Vietnam.

In  二0 一 八, only Ernst Young Vietnam was rated “Good” by SSC among seven companies that were evaluated.

According to the SSC, most firms strictly followed rules on quality control, recruitment and training, and the archiving of financial reports.

But there were problems among the  一0 firms that were evaluated in  二0 一 九, including prudent client evaluation and acceptance, lack of insightful risk-control assessment, insufficient inventory checks, and lack of auditing on companies’ investments in associate businesses and long-term projects.

In addition, the firms did not ask their clients to provide sufficient documents on their financial performance and failed to collect evidence from stakeholders to provide appropriate feedback on companies’ financial reports.

The SSC also suspended the licences of four individual auditors at Vietnam Auditing and Valuation Co Ltd, and Đất Việt Auditing and Consulting Co Ltd.

The two firms have a total of  三 九 individual auditors that are certified by the SSC.

The individuals made poor judgments on financial reports provided by MBG Group (HNX: MBG) and Kim Vĩ Inox Import-Export Production JSC (HNX: KVC).

Poor professional standards among local firms explained why foreign companies dominated the sector, the SSC reported.

The SSC also asked listed firms that had employed unqualified firms to audit them to review their financial reports to meet existing regulations.

According to the Ministry of Finance, PwC Vietnam, Deloitte Vietnam, Ernst Young Vietnam and KPMG held  五0. 四 一 per cent of the market’s total revenue in  二0 一 八, worth VNĐ 三. 九 二 trillion (US$ 一 七0 million), while their employees accounted for only  一 二. 四 七 per cent of the workforce. — VNS