1. Introduction
The Vietnamese Framework for Assurance Engagements prescribes and guides how to understand the objectives and elements of an assurance engagement and identifies the types of services that must be Compliance with Vietnamese Auditing Standards (VSA), Vietnamese Standards on Reviewing Service Contracts (VSRE) and Vietnamese Standards on Assurance Services Contracts (VSAE) (hereinafter referred to as guaranteed service).
This Framework is not a standard and therefore does not prescribe or guide any requirements, basic principles or necessary procedures for the performance of audits, reviews and other assurance services. An assurance report should not state that the service has complied with the Vietnam Framework for assurance engagements but should refer to the relevant standards for assurance engagements. Each standard for assurance engagements includes objectives, requirements, application guidance, appendices, introductions and definitions consistent with this Framework, and is applicable to audits, reviews and other assurance services. Appendix 01 This framework describes the scope and relationship between professional ethics standards of accounting and auditing and related standards.
This framework applies to the following entities:
(a) Auditors: Auditors are engagement performers, comprising members of management in charge of overall engagement, practicing auditors and other team members. performance of a service contract and in most cases, including the firm. Where this Framework emphasizes the requirement or responsibility of a member of management who is responsible for overall engagement or the firm's responsibility, the term “board member responsible for overall translation of the engagement. service "or the term" auditing firm "must be used instead of the term" auditor ". The terms "member of management in charge of overall engagement" and "firm" are as used in the public sector as appropriate;
(b) Other entities involved in the security service contract, including the intended user of the security service report and the secured service tenant (the lessee);
(c) The Drafting Committee of Vietnamese Auditing Standards in the process of developing and promulgating Vietnamese Auditing Standards, Vietnamese Standards on Review engagements, and Vietnamese Standards on Assurance engagements and documentation.
2. Main content
Overview of the Framework
2.1. Introduction
This framework is used for assurance services performed by the auditor;
2.2. Guaranteed services
This section describes the warranties and makes a distinction between the authenticating service and the live guarantee service, between the reasonable guarantee service and the limited guarantee service;
2.3. Scope of the Framework
This section describes the difference between guaranteed services and other services, such as consulting services;
2.4. Premises of the service guarantee contract
This section describes the initial conditions for the auditor to accept performance of a warranted engagement;
2.5. Elements of an assurance service contract
This section identifies and presents 5 elements of the guaranteed service contract, including:
(i) Tripartite relationship;
(ii) Security service subject;
(iii) Criteria;
(iv) Evidence;
(v) Guarantee service report.
This section outlines the important differences between reasonable warranties and limited warranties. This section also covers issues such as the types of objects of assurance services, the characteristics of an eligibility criterion, the risk and materiality of the secured service, and how to conclude for the service. reasonable guarantee and limited guarantee service;
2.6. Other issues
This section covers:
(i) Responsibility to exchange other information;
(ii) Service contract documents and records;
(iii) Improper use of the auditor's name.
Full text view Circular No. 69/2015 / TT-BTC (Vietnamese)
Full text view Circular No. 69/2015 / TT-BTC (English)