IAV licensed
Independent Audit Partner
Statutory audit support & coordination
One strategic partner. Two independent layers of compliance.
Vietnamese law requires every FDI 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, giving you 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. 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 fully audit-ready and coordinate the independent audit with our licensed partner firm, IAV. This helps you meet the 90-day statutory filing deadline on schedule.
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 audited financial statement submission to the Tax Authority alongside your annual investment report to the Department of Finance (formerly DPI).
How we work with you
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 with your CIT finalization dossier and for supporting your annual investment report.
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) annual investment report 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.
Selected clients
WayfairAlvarez & MarsalAMETEKDr. MartensDayforceBeyondsoftCallaway GolfChina Mobile InternationalWSPESR GroupSkyworthCPL AromasWiseasyScatecSamaneaTeckwahDuPontAtalianSkeduloib vogtEntoriaLOGOSRX TradexXingke ElectronicsXinDongHuang BearingIntube AsiaFar East HorizonGBestLife Wear TechnologiesKimagriMekong Sustainable SolutionsInterflow10dency GlobalAEQONCintana EducationDaylight SolarPNB TechnologyFull WisdomGreen Precision ComponentsIDBOXHCM AutoDI Business ServiceBLE VietnamHK HoldingSou VietDGL InternationalSCloudFABS ManagementJBU VietnamSkyWorld DevelopmentVLSCHữu Tín HằngZhongbu PlasticsMắt Sài GònGlobal Star TechnologyFredtonNhân Sinh PhúcNhật Thịnh ElectricSEAA-1983EraldaThe Wu GroupTechnic DevelopmentZYCCZDL VietnamĐiện Gió Đầm NạiSài Gòn BagsTrung Sơn EnergyLương Tài RenewableProspect GroupBayWa r.e. Wind ProjectsEnergy Solutions 1BW Deep C Hai PhongBW Le Minh Xuan 3BW Phu An ThanhBW Song Than 2BW Tan Dong Hiep BBW Bau BangLOGOS SE AsiaLOGOS Vietnam BN1LOGOS Vietnam HCMCVVIC AuditHaidilao Nha TrangHaidilao HCMIHG Asia PacificTricor Services HKTricor Services VietnamMT Food SystemsBWIDRelated insights
Guides & updates
Guide
Vietnam Accounting & Reporting Compliance for FDI
Guide to VAS and Circular 99/2025, the IFRS roadmap, statutory audits, Chief Accountant rules and periodic reporting for foreign-invested companies in Vietnam.
Read article
Guide
VAS vs IFRS: Key Differences for FDI Enterprises in Vietnam (2026)
VAS vs IFRS for Vietnam FDI: revenue, leases, impairment, Circular 99/2025 changes and the reconciliation bridge for profit repatriation.
Read article
Guide
Vietnam Tax System 2026: CIT, VAT, PIT Rates for FDI
Vietnam tax system 2026 for FDI: CIT 20% (15–17% by revenue), VAT 10% (8% rate), PIT 5 brackets, FCT, e-invoicing Decree 254/2026, interest cap Decree 255/2026.
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 keeps the audit independent of the accounting work.
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 helps you meet this statutory deadline on time.
Two different breaches carry different fines. An enterprise subject to mandatory audit that does not audit its financial statements is fined VND 40 to 50 million (Decree 228/2025/ND-CP, Article 27.3). Financial statements filed or published without the required audit report are fined VND 10 to 20 million (Decree 41/2018/ND-CP, Article 12.2). Our coordinated schedule is built around the 90-day deadline.
Independence rules prevent the same firm from performing both bookkeeping and auditing for the same client. ICLV handles your accounting, and IAV performs the independent audit. 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.