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3 STEPS TO A SUCCESSFUL FINANCIAL STATEMENT AUDIT

3 STEPS TO A SUCCESSFUL FINANCIAL STATEMENT AUDIT

VIVA BUSINESS CONSULTING là công ty tư vấn doanh nghiệp được tín nhiệm bởi hằng ngàn khách hàng danh tiếng từ năm 2006. VIVA cung cấp nền tảng quản lý toàn diện và nguồn lực thực thi theo cách kết hợp đồng thời của: Luật pháp và thủ tục hành chính trong kinh doanh – Quản lý thuế và kế toán – Quản trị quan hệ lao động – Quản trị tài chính doanh nghiệp – Quản trị và kiểm soát nội bộ. Năng lực của chúng tôi giúp khách hàng lường trước các rủi ro, tối ưu chi phí, kiến tạo lợi thế kinh doanh.

VIVA is a business consulting company, specializes in business compliance procedures according to local business laws and regulations since 2006. VIVA has been continuously trusted by thousands of well-known clients since 2006. We are creating added value for clients by offering one-stop business platform with exclusive and tailored-made services related to market entry and mandatory business compliances. We keep our client’s good standing in lawful and optimal manners whenever they are working and doing business in Vietnam.

Financial Statement Audits

Identify auditor and sign financial statement audits contract early is important for a successful financial statement audits in Vietnam. Let’s find out 3 steps to prepare for the financial statements of enterprises.

Read more: Notice on audit of financial statements for FDI companies

IDENTIFY AUDITOR AND SIGN FINANCIAL STATEMENT AUDITS CONTRACT EARLY

It is highly recommended to find a prestigious audit party and sign audit contract from November 2019 to efficiently control the workload and avoid the busy season ( January to March 2020) as well as to ensure service quality and get the best service price.

PAVE THE WAY WITH PREPARATION

Typically, an auditor will schedule a planning day to consult on overall plan for the audit and to discuss what has been going on with the business and establish a timeline for the audit and start collecting information.

Keep in mind it’s helpful for your auditor to understand how certain processes work and what’s risky for your business. Allocating time and/or appointing someone, like the chief financial officer or Manage employment relations personal, to ensure any documents that had a financial impact, good or bad, on your business in the last year, will come in handy in guiding your auditor. Gather documents tied to new leases, loans, clients, contracts, etc., and compile them (Business Record Management) saves rush and fuss of collecting information on a tight deadline.

PICK A POSITIVE PERCEPTION OF YOUR FINANCIAL STATEMENT AUDITS

As auditors, we’re trying to help your business do better, and make decisions that alleviate financial stress. Being patient and setting aside time to answer the auditor’s questions will keep you informed on the progress of the audit as well as keep it moving toward the finish line. It’s also important to know there will be follow up when we leave your office, so it could be a few weeks before the audit is completely done.

Although your audit requires some work, the paybacks are abundant. The audit not only assesses your overall financial condition, but can also identify complications with financial management and financial reporting, which can help to identify ways to reduce risk and strengthen internal controls.

ABOUT VIVA BUSINESS CONSULTING

VIVA is the local expertise for local business compliance procedures, has been trusted by thousands of foreign investors, multinational companies from Europe, Japan, Singapore, India, Korea, USA… for the required business compliance procedures by local laws and regulations since 2006.

Thanks for consistent of practice expertise in Business laws - Employment relations – Tax and accounting – Corporate finance – Corporate services, VIVA has been successfully providing service for thousands of leading companies in such industries: Garment, energy, pharma, advertising, agricultural…

VIVA keeps its signature by offering one-stop business platform with regard to market entry and the mandatory business compliances. We ensure for our client’s good standing, in lawful and optimal manners whenever they are working and doing business in Vietnam.

Thanks to a unique combination of local expertise and global experiences, VIVA BUSINESS CONSULTING is the one-stop solution for the required compliance procedures in Vietnam for foreign investors and experts. We are still here since 2006s because of our thousands of satisfied clients and our employees. Our staying power is a testament to the professional resources, and so much more.

 

VIVA not only manage business required procedures by laws but firstly places client’s compliance and good standing, in the optimal methods when offering any solution, and integrated with our intensive resources that allow us to prevent most of the risks in advance, create more benefits, advantages and business inspiration for entrepreneurs.

The insights and consistent backgrounds in Business Laws – Accounting and Corporate Finance – Tax Management – Labor Relations and Payroll – Serectarial and consistent with our exclusive standard operation processes, consisting of consultation – implementation – pratice operation help us fully protect client interests as one-stop solution.

YOU WILL RECEIVE

“If you ask any successful businessperson, they will always have had a great mentor at some point along the road.”

 

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