Auditing & Compliance Services in Vietnam 2025

Audit is an important process, ensuring transparency, accuracy and compliance in the organization’s operations. Providing accounting services is the responsibility of performing accounting operations for businesses or organizations. So, What is Financial Audit? What are the tasks of Auditing & Compliance Services? Let’s find out with S4B Vietnam in the article below!

1. What is a Financial Audit?

A Financial Audit is the process of examining, evaluating, and verifying an organization’s financial statements to ensure that they are prepared accurately, comply with accounting standards, and fairly reflect the organization’s financial situation.

Key elements of a Financial Audit include:

  • Checking the accuracy of financial statements: A Financial Audit ensures that financial statements are prepared accurately and completely.
  • Evaluating compliance with accounting standards: The Audit process checks whether financial statements comply with generally accepted accounting standards (GAAP) or International Financial Reporting Standards (IFRS), or other standards applicable in each country or region.
  • Verifying truthfulness and fairness: A Financial Audit checks whether the information presented in the financial statements fairly and fairly reflects the organization’s financial situation and business performance.
  • Detecting and preventing fraud: An important part of Financial Audit is detecting and preventing financial fraud.
  • Audit report: After completing the audit process, the auditor will prepare an audit report, stating his opinion on the accuracy and fairness of the financial statements. The audit report may include opinions such as unqualified, qualified, unqualified, or disclaimer of opinion.


What is financial auditing?

Auditing & Compliance Services and types of accounting service companies on the market today not only help enterprises save time but also ensure that financial work complies with strict legal regulations.

2. Types of accounting service companies and business conditions

Current law allows organizations and individuals who meet the conditions to establish an accounting service business. According to Clause 1, Article 59 of the Accounting Law 2015, types of accounting service companies include:

  • Limited liability companies with two or more members
  • Partnerships
  • Private enterprises

This opens up opportunities for individuals and organizations to legally participate in the Auditing & Compliance Services market and diversify the types of businesses. In addition, the law stipulates that businesses are only allowed to provide accounting services when they fully meet the conditions under the Accounting Law 2015 and have been licensed through a Certificate of eligibility to provide accounting services. Specific conditions for each type of enterprise are as follows:

2.1 For LLCs with two or more members:

  • Must have a Certificate of Business Registration, Certificate of Investment Registration, or equivalent documents as prescribed.
  • At least two members contributing capital must be practicing accountants.
  • The legal representative, director or general director of the company must be a practicing accountant.
  • Ensure that the capital contribution ratio of practicing accountants and member organizations is in accordance with Government regulations.

2.2 For partnerships:

  • Must have a Certificate of Business Registration, Certificate of Investment Registration, or equivalent documents as prescribed.
  • At least two members of the partnership must be practicing accountants.
  • The legal representative, director or general director of the company must be a practicing accountant.

Internal vs. external audits for companies in Vietnam

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2.3 For private enterprises:

  • Must have a Certificate of Business Registration, Certificate of Investment Registration, or equivalent documents as prescribed.
  • Have at least two practicing accountants.
  • The owner of a private enterprise must be a practicing accountant and also the director of the enterprise.

3. Licensing conditions for accounting service companies are different

This regulation aims to ensure professionalism and legal compliance in the operations of enterprises providing Auditing & Compliance Services. Therefore, business owners and business households can base on their specific conditions and accounting management needs to choose the most suitable service provider among the current types of accounting service companies. In addition, a modern accounting service platform, integrating smart AI tools is also a solution for medium, small, micro enterprises and business households today.

It can be seen that owning an auditing certificate will help you better understand what Audit is as well as the knowledge and skills needed to be recognized as an expert in the field.

However, to obtain an Audit certificate, you need to meet certain conditions such as:

  • Must ensure factors of quality, ethics and compliance with legal regulations.
  • Have a bachelor’s degree or higher in Finance, Banking, Accounting or Auditing.
  • Have enough years of experience working in the fields of accounting, auditing, finance.

The process of taking the exam to get the certificate is not simple. You not only have to master the expertise but also have to continuously improve and enhance your capacity. In addition, you must also have important qualities of an auditor such as meticulousness, carefulness and honesty.

Meeting the legal requirements and completing the above procedures will help accounting Internal vs. external audits companies to be ready to operate effectively, meeting the needs of small and medium enterprises and current business households for accounting service needs. These are also the criteria for business owners to choose the most suitable accounting service provider, and S4B Vietnam is one of your trustful partners. Do not hesitate to contact us!

S4B Vietnam

  • Address: Unit 701B – 701C, Tower A, Handi Resco 521 Kim Ma Street, Ba Dinh District, Hanoi, Vietnam.
  • Tel: + 84 24 3974 4181
  • Email: service@s4b.com.vn

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