After 10 years of cooperation, the State Securities Commission (SSC) and the Vietnam Association of Certified Public Accountants (VACPA) decided to continue signing a new cooperation agreement for the 2021 – 2025 period with the aim of improving the quality. information on the stock market.
Financial information is one of the indispensable factors in investment and business decisions. In particular, on the stock market, information is a sensitive factor that directly affects investment decisions.
Accordingly, the cooperation between SSC and VACPA is practical to improve the quality of financial information on the stock market, and the effectiveness of securities market management and supervision by regulators, to promote the profession. Accounting and auditing industry in Vietnam develops.
SSC and VACPA will cooperate in 4 contents including information exchange, quality control, training activities, seminars and suggestions to develop legal documents / professional documents compiled by the two sides.
In particular, with quality control activities, the Committee provides information on quality control results and errors in audit records with VACPA for the two sides to jointly organize dialogues / exchanges. /training.
When requested by the Committee, VACPA assigns staff to inspect and evaluate audited financial statements as well as audit records of auditors in the regular oversight activities of the Committee.
Mr. Tran Van Dung, Chairman of the State Securities Commission, said that, besides stocks, will cooperate with VACPA in both derivative market, new products and corporate bonds in the near future. . The cooperation will help ensure the quality of commodity control work in the financial markets.
Sharing the same point of view, Mr. Pham Sy Danh, Chairman of VACPA shared, with the sustainable development of the stock market, the role of information transparency, as well as the activities of auditors and independent auditors. is very important.
“Three important factors that investors need when entering the market are the public company’s transparency, the Securities Commission’s control and the transparency of the independent auditor,” said Danh.
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