The IT system has become an integral part of the State audit’s operation, covering its key aspects of survey, report and statistics, affirmed Deputy Auditor General Doan XuanTien.
Illustrative photo (Source: savic.sav.gov.vn)
Hanoi (VNA) – The IT system has become anintegral part of the State audit’s operation, covering its key aspects ofsurvey, report and statistics, affirmed Deputy Auditor General Doan XuanTien.
The State Audit Office of Vietnam has applied informationand technology since 2011 to run a number of audits, build electronic database,and design audit assistance software.
The IT-based audit model is new and requires further researchfor implementation when IT application becomes popularamong audit agencies, Tien said.
According to a survey by the Vietnam Association ofCertified Public Accountants, accounting and audit firms think the fourthindustrial revolution will significantly impact them, creating opportunitiesfor them to improve service quality and expand markets via internet connection.
The survey also point to challenges facing the sector. Theyinclude IT-competent staff requirement, huge financial investment, complex datamanagement, and fierce market competition.
In order to capitalise on the advantages and tackle the challenges, Chairmanof the Vietnam Association of Accountants and Auditors Dang Van Thanh said thesector needs to promote dissemination of financing, banking and accountingknowledge, boost human resources development, and increase IT application.-VNA
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Illustrative photo (Source: savic.sav.gov.vn)