| THE GOVERNMENT ----------- | SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom – Happiness -------------- |
| No. 105/2004/ND-CP | Hanoi, March 30, 2004 |
DECREE
ON INDEPENDENT AUDIT
THE GOVERNMENT
Pursuant to the December 25, 2001 Law on Organization of the Government;
Pursuant to Article 34 of the June 17, 2003 Accounting Law;
At the proposal of the Finance Minister,
DECREES:
Chapter I
GENERAL PROVISIONS
Article 1.- This Decree prescribes auditors, auditing enterprises, validity of audit results, cases of compulsory audit and contains other regulations related to independent auditing activities in order to unify the management of independent auditing activities, define rights and responsibilities of audited units and auditing enterprises, protect interests of the community and lawful interests of investors, ensure the truthful, rational and public supply of economic and financial information, and satisfy the management requirements of State agencies, enterprises and individuals.
Article 2.- Interpretation of terms
In this Decree, the words and phrases below are construed as follows:
1. Independent audit means the inspection and certification by auditors and auditing enterprises of truthfulness and rationality of accounting documents and data and financial statements of enterprises and organizations (hereinafter referred collectively to as audited units) when so requested by such units.
2. Auditors mean persons who fully meet the criteria and conditions for practicing independent audit, as prescribed in Articles 13 and 14 of this Decree.
