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How are audit firms dealing with misconducts revealed in SCB?

For over a decade, the Big4 auditing firms in Vietnam have been responsible for producing financial reports for SCB. These companies have garnered significant revenue, but their profitability remains abysmal, as evidenced by the latest financial report.

Minister of Finance discusses auditing of SCB Bank

On the morning of March 18th, during the questioning session, Finance Minister Ho Duc Phoc used the example of the SCB bank to highlight how even the top global auditing firms have been found in violation. This instance is attributed to the auditors and appraisers, rather than the management process itself.

Audit Announcement for 18 Entities in Thanh Hoa Province

The State Audit Office will conduct audits on 18 units in Thanh Hoa province regarding issues such as the use of land use fee revenue, compliance with legal regulations in the management and leasing of public land, and timely detection of misconduct and corrupt practices.

TIP Industrial Park Incurs 11% Profit Loss After Audit

This is the second consecutive year that this business has had to account for significant changes in its financial statements after an audit.

TIP Industrial Park records an 11% profit loss after audit

This is the second consecutive year that this business has had to account for significant changes to financial statements after an audit.

The Tân Hoàng Minh Case: Uncovering the role of auditing and valuation company

In the Tân Hoàng Minh embezzlement case, it is alleged that the auditing companies issued audit reports with inaccurate content, while the valuation companies issued unreliable appraisal results.

Finance Minister: Tightening controls over audit firms to continue

On the morning of March 18th, during a parliamentary questioning session, Minister Ho Duc Phoc announced plans to further tighten regulations on audit companies. The ministry will conduct thorough inspections of files and documents, and take strict action against any violations found. This includes penalties and appropriate legal measures. The aim is to ensure the integrity and accountability of audit firms and maintain a high standard of professionalism in the industry.

Tín NghÄ©a’s net profit for 2023 declines by over 11% post-audit.

Tín Nghĩa Industrial Zone Development Corporation (HOSE: TIP) has provided an explanation regarding the variance in post-tax profits for the year 2023 between the standalone financial statements and the audited financial statements.

Audi Q5 introduces a new version in Vietnam after nearly 3 quiet years: Price...

This is not just a major upgrade for the Audi Q5 but rather a customized version with a more sporty exterior package.

Which companies have audited SCB’s financial statements?

In recent days, the trial of the case related to the events at Van Thinh Phat Group, SCB Bank, and the parties involved is taking place at the People's Court of Ho Chi Minh City.
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