I. IMPLEMENTATION METHOD OF THE FINANCIAL
STATEMENTS AUDIT
We
conduct the audit in accordance with the Vietnamese Standards on Auditing to
express an opinion about the trueness and fairness of the financial statements,
and based on the material aspects, whether the Company's financial statements
are prepared in accordance with the Vietnamese Accounting Standards, Vietnamese
Accounting System and other related accounting regulations in Vietnam. Our
audit is carried out on the basis of a deep understanding of the business
activities, internal control system and risks related to the Company's business
operations. Before making an audit plan and in order to help to risk
assessment, we make a general prediction and analysis. With a large number of
available tools for prediction, this approach helps us to identify contingent
issues and deepen the understanding gained throughout the audit process. Our
approach is also consistent with increasingly stringent requirements for the
fairness and transparency.
This
approach method allows us
• Planning
and implementing audits to provide a reasonable basis for forming opinions on
the Company's financial statements;
• Determining
and focusing appropriately on risks related to the production and business
activities of the Company;
• Performing
an effective and optimal audit, in a consistent manner and quality.
• Determining
the requirements and desires of the Company on professional services to prepare
and implement the plan in the best way;
• Giving
advices to benefit the Company's operations.
The
key characteristics of this approach include
• Taking
advantages of knowledge and experience of accounting and auditing experts Our
experts will participate in reviewing plans and conducting audits based on
their knowledge and experiences on customers' business operations and the
finance- accounting management.
• Focusing
on sections that are assessed risky We will carry out risk assessment of the
business operations and customer’s major accounts and transactions based on our
deep understanding of the customer's business operations, control environment,
internal control and accounting system This approach allows us to plan an
effective audit focusing on high risk areas.
• Cooperating
with customers We will cooperate closely with customers in the process of
working, regular and timely discuss on issues arising during the audit process.
• The
independence and confidentiality We are committed to ensuring the independence
and confidentiality during the audit process.