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.
IAV Licensed
Audit Partner
200+
Audits Coordinated
100%
On-Time Completion
Why You Need a Coordinated Audit Approach
For FDI enterprises in Vietnam, the Annual Statutory Audit is not just a requirement — it is the ultimate validation of your business health. However, managing separate bookkeepers and auditors often leads to miscommunication, delays, and friction between teams that don't speak the same technical language.
Indochina Link Vietnam solves this by acting as your Audit Coordinator. Through our strategic alliance with IAV (International Auditing and Valuation Company Ltd), a top-tier licensed auditing firm, we provide a synchronized 'One-Stop' experience that saves you time while strictly adhering to Vietnamese independence regulations.
Important: Vietnamese law (Article 25, Decree 17/2012/ND-CP (as amended by Decree 90/2025)) strictly prohibits the same firm from providing both bookkeeping and auditing services to the same client. We comply fully — ICLV prepares the financial statements (The Builder), and IAV performs the independent audit and issues the Audit Opinion (The Inspector). This gives you the convenience of a single point of contact while ensuring your Audit Report is legally valid and objectively verified.
checklist What We Handle
- check_circle Pre-audit financial statement review and reconciliation
- check_circle General ledger clean-up and adjustment entries
- check_circle Intercompany balance reconciliation across entities
- check_circle E-invoice document organization and indexing
- check_circle Risk identification before auditor arrival
- check_circle Technical Q&A handling with the audit team on your behalf
- check_circle Audit timeline coordination to meet the 90-day statutory deadline
- check_circle Management letter response drafting and defense of tax positions
- check_circle Full independence compliance under Decree 17/2012/ND-CP (as amended by Decree 90/2025)
How We Handle Your Registration
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.
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.
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 DPI.
What You'll Receive
Pre-Audit Preparation
- check General ledger review and clean-up
- check Trial balance reconciliation
- check Intercompany balance confirmation
- check Supporting document organization
- check E-invoice indexing and verification
- check Risk assessment memo
Audit Coordination
- check Audit timeline management
- check Document request fulfillment
- check Technical Q&A with audit team
- check On-site support during fieldwork
- check Tax position defense and explanation
- check Management letter response drafting
Post-Audit Deliverables
- check Audited Financial Statements (EN & VI)
- check Audit Opinion letter
- check Management letter and recommendations
- check Tax Authority submission package
- check DPI submission coordination
- check 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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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.
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