As stated in the Building Bridge – Bread for the World, Issue No. 1, 2020 – an update for auditors auditing projects funded by Bread for the World, the “Related party transactions (RPTs) are a major source of fraud and misuse of funds in the NGO sector”. From our experiences in delivering the external audit […]

Vietnamese Standards on Auditing (“VSA”) is set up in compliance with International Standards on Auditing (“ISA”). So far, 47 (forty-seven) VSAs have been issued by the Ministry of Finance (MoF) (Circular 214, 2012, Circular 65, 2015, Circular 66, 2015, Circular 67, 2015, Circular 68, 2015, Circular 69, 2915, Circular 70, 2015). These standards were fully […]