IAV Licensed
Independent Audit Partner
Statutory Audit Support & Coordination
One Strategic Partner. Two Independent Layers of Compliance.
Vietnamese law requires every enterprise to undergo an annual statutory audit by a licensed independent firm. We prepare your books to be audit-ready and coordinate the entire process with our partner IAV — so you get a smooth, single-contact experience with full legal independence.
200+
Statutory Audits Coordinated
100%
On-Time 90-Day Completion
Why You Need a Coordinated Audit Approach
Annual statutory audits are mandatory for all FDI enterprises in Vietnam. Under Decree 90/2025/ND-CP, strict independence rules prohibit the same firm from providing both bookkeeping and auditing services to the same client.
Indochina Link Vietnam acts as your Audit Coordinator. We prepare your books to be 100% audit-ready and coordinate the independent audit with our licensed partner firm, IAV. This ensures you meet the 90-day statutory filing deadline without fail.
You get the efficiency of a single point of contact while maintaining full legal independence. We handle the technical questions, defend your tax positions, and finalize the required submissions to the Department of Finance (formerly DPI) and Tax Authorities.
How We Handle Your Registration
1
Audit-Ready Preparation
Before the audit season begins, ICLV reviews your General Ledger, reconciles intercompany balances, and organizes all supporting e-invoices. We identify potential risks before the auditors arrive.
2
Independent Audit Fieldwork
IAV's team conducts the fieldwork, verifies assets, and tests internal controls. Because ICLV has pre-organized the data, this phase is faster and less intrusive to your daily operations.
3
Unified Defense & Finalization
When the auditors have questions, ICLV answers them. We explain the accounting treatment and defend your tax positions. Once cleared, IAV issues the Audited Financial Statements, ready for submission to the Tax Authority and Department of Finance (formerly DPI).
What You'll Receive
Pre-Audit Preparation
- General ledger review and clean-up
- Trial balance reconciliation
- Intercompany balance confirmation
- Supporting document organization
- E-invoice indexing and verification
- Risk assessment memo
Audit Coordination
- Audit timeline management
- Document request fulfillment
- Technical Q&A with audit team
- On-site support during fieldwork
- Tax position defense and explanation
- Management letter response drafting
Post-Audit Deliverables
- Audited Financial Statements (EN & VI)
- Audit Opinion letter
- Management letter and recommendations
- Tax Authority submission package
- Department of Finance (formerly DPI) submission coordination
- Post-audit adjustment entries
"A statutory audit shouldn't be something your company dreads every year. When the books are prepared correctly from the start, the audit becomes a confirmation exercise — not a discovery exercise. That's the power of working with ICLV: by the time we arrive, the heavy lifting is already done."
Ken Lam (Lam Phuoc Thiet)
Audit & Assurance Partner — IAV
CPA License #5947 — Ministry of Finance, Vietnam | MBA · Ex-Deloitte Manager. Specialist in statutory audits for manufacturing, trading, and service-based FDI enterprises.
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Guides & Updates
Guide
Vietnam Accounting & Reporting Compliance for Foreign-Invested Enterprises
Complete guide to VAS, Circular 99/2025, IFRS roadmap, statutory audits, Chief Accountant rules, and periodic reporting to DOF, GSO, DOIT, SBV, and DOLISA.
Read Article
Guide
VAS与IFRS核心差异：2026年越南外商投资企业会计合规指南
越南VAS与IFRS差异指南：收入确认、第99/2025号通知下的租赁处理、双重报告调节表架构及利润汇出合规要求。
Read Article
Guide
Vietnam Tax System: What Every FDI Enterprise Must Know (2026)
Vietnam tax system 2026 for FDI: CIT 20% (tiered SME), VAT 10% (8% rate), PIT 5 brackets, FCT, e-invoicing Decree 254/2026, interest cap Decree 255/2026 & audit risks.
Read ArticleFAQ
Frequently Asked Questions
Yes. Under Vietnamese law, all FDI enterprises must undergo an annual statutory audit conducted by a licensed, independent auditing firm. The audited financial statements must be submitted within 90 days from the end of the fiscal year — typically by March 31st.
You will sign two separate engagement letters: one with ICLV for accounting/advisory services and one with IAV for the audit. This separation is a legal requirement under Article 25, Decree 17/2012/ND-CP (as amended by Decree 90/2025) to protect your company's independence status.
Absolutely. While we highly recommend IAV for their integrated workflow with our team, ICLV is happy to support and coordinate with any licensed auditing firm you choose.
Audited Financial Statements must be submitted within 90 days from the end of the fiscal year. For companies with a December 31 fiscal year-end, the deadline is March 31st. Our coordinated schedule ensures you never miss this deadline.
Late submission can result in administrative fines of up to VND 50 million. More critically, it can delay your FDI reporting, tax finalization, and profit repatriation. Our 100% on-time track record exists precisely to prevent this.
Vietnamese law (Decree 17/2012/ND-CP (as amended by Decree 90/2025), Article 25) prohibits the same firm from performing both bookkeeping and auditing for the same client. ICLV handles your accounting (The Builder), and IAV performs the independent audit (The Inspector). Two separate firms, one coordinated experience.
Not sure where to begin?
Ready to Simplify Your Next Audit?
Our coordinated model with IAV means your audit is faster, smoother, and fully compliant — every year.