The Institute of Internal Auditors (IIA) has signed a Memorandum of Understanding (MOU) with the Vietnam Ministry of Finance (MOF) Accounting and Auditing Supervisory Department for cooperation and collaboration in establishing and advancing the internal audit profession in Vietnam.
The IIA said, in a statement, that it is well-positioned to support governments around the world in advancing corporate governance and risk management in their countries through effective internal audit.
In 2018, The IIA formed the IIA–Vietnam Network to support the profession by organizing a wide range of services dedicated to the education and advancement of internal auditors. On April 1, 2019, the Vietnam Ministry of Finance issued an Internal Audit Decree, which provides a legal framework for the establishment and implementation of internal audit under globally accepted standards as expressed by The IIA’s International Standards for the Professional Practice of Internal Auditing.
“We are delighted to mark this historic occasion, which represents a significant collaboration with Vietnam’s government toward defining the crucial role of internal audit in the public and private sector of this important country,” said Anthony Pugliese, the new president and CEO of The IIA. “This effort will foster transparency and effectiveness in corporate governance. Both our organizations share the common goal of establishing a strong internal audit profession, and we look forward to partnering on this imperative.”
Among key benefits, internal auditors in Vietnam will have the ability to:
- Gain access to The IIA’s global Standards, guidance, resources, and tools
- Participate in training programs across career levels
- Gain access to global internal audit certifications, such as the premier Certified Internal Auditor (CIA), as well as the Internal Audit Practitioner program
- Collaborate with local partners in developing and delivering training for internal auditors in the public and private sectors
“Together, we will continue to work toward our mutual goal to raise the profile of internal audit in Vietnam, strengthen stakeholders’ understanding of the value that internal audit brings to organizations, and advance the profession in Vietnam and globally,” Pugliese said. 