Fostering of IFRS and sharing experiences of the State Audit in the banking field

Như Hạ |

From 14-18.4.2025, the School of Auditing and Fostering Training in coordination with the British Certified Accounting Association - ACCA in Vietnam and the Bank for Agriculture and Rural Development of Vietnam (Agribank) organized the training course "Standard international financial statements and sharing experience of the State Audit in the banking field".

Attending the opening ceremony, on the side of the SAV were: Mr. Bui Quoc Dung - Deputy General Auditor General of the State (SAV), Mr. Tran Kim Loc - Director of the School of Training and retraining in the auditing, Mr. Tran Van Hao - Chief Audit of Specialized Audit Department, Mr. Phan Truong Giang - Deputy Chief Auditor of Specialized Audit of Specialized Specialized Specialized Specialized Specialized Department Together with the leaders and staff of the auditing school.

On the ACCA Vietnam side, there were Mr. To Quoc Hung - Director of ACCA in Vietnam. On the side of Agribank, there were Mr. To Huy Vu - Chairman of Agribank's Board of Directors, Mr. Doan Ngoc Luu - Deputy General Director of Agribank, Ms. Pham Thi Hanh - Deputy Director of Agribank staff training; With 20 students who are officials and employees of Agribank.

The training course on international financial reporting standards (IFRS) and sharing experiences of the SAV in the banking sector has been organized by the Auditing and Fostering School of Auditing with ACCA Vietnam, in order to equip knowledge about international regulations and standards on finance, banking and share experiences of the SAV.

Speaking at the opening of the course, Deputy General Auditor Bui Quoc Dung emphasized: Today's ceremony brings many meanings, marking the close cooperation between the Audit Training and Fostering School with ACCA and Agribank, which stands out with a series of first a series of imprints. Firstly, this is the first course to train and foster the audit of cooperative cooperation with ACCA to organize the implementation of the International Standards. Secondly, Agribank is the first unit to coordinate with the Auditing School of Training and Training to implement this program. Thirdly, this is the first class to open the system of smart classrooms and newly renovated and comprehensive facilities of the Auditing School of Training and Training.

Pho Tong Kiem toan nha nuoc Bui Quoc Dung.
Deputy General Auditor General Bui Quoc Dung.

In the context of increasing requirements on transparency, efficiency and responsibility in public finance management and corporate finance, it is necessary to equip officials with officials with international standard and intensive practices. The goal of this fostering program is not only to improve the professional qualifications, but also aiming to form a professional ecosystem in which, auditors, financial - accountants and managers of auditing units share a common foundation of thinking and professional standards.

"Through the training program, the SAV wishes to contribute to supporting the audited units, including commercial banks such as Agribank, more and more complete in terms of internal control and law compliance. Thereby improving the efficiency of using resources, ensuring publicity, transparency and sustainability in financial and banking activities," - Deputy Chief of State Audit Bui Quoc Dung emphasized.

The Deputy General Auditor of the State added that, in parallel with the training courses for bank officials, in the coming time, the Auditing School of Training and Training will continue to expand and deploy training courses for the local officials, especially those who directly manage the budget and public property; Focus on updating legal documents in the field of finance, and sharing common errors that SAV has discovered. This is an effort of SAV to prevent risks, limit mistakes right from the initial management.

Speaking at the opening ceremony, Mr. To Huy Vu - Chairman of Agribank's Board of Directors assessed: The course is an important event, showing the spirit of close and proactive coordination of the SAV with the audited units, taking audited objects as the center to share experiences, help the units grasp the guidelines, guidelines, policies of the State, strictly implement the banking of the banking and strictly comply with the financial laws. Agribank is very honored to be chosen as one of the first units to be organized by the SAV.

Ong To Huy Vu - Chu tich Hoi dong thanh vien Agribank.
Mr. To Huy Vu - Chairman of Agribank's Board of Directors.

Mr. To Huy Vu said that IFRS is a mandatory standard in the coming time, helping to improve transparency and a tool that accurately reflects the financial status, as well as supporting the future financial forecast. The deployment of IFRS is not merely technical requirements but also a comprehensive transition of management thinking, transparency of information and integration. The application of IFRS brings many practical benefits to businesses, improving the quality and reliability of financial statements, improving management capacity, corporate brand reputation, enhancing customer trust, creating favorable conditions for access to international capital.

Therefore, Agribank always actively approaches and deploys IFRS to realize the commitment to sustainable, safe and effective development, maintaining a key role in the banking sector. With a large scale, a wide network has more than 40,000 officials, 162 branches level 1, 766 branches level 2 and 2,000 transaction points, the transition to IFRS of Agribank will face many difficulties and challenges, especially when human resources stretch all over the country, from the city to rural, remote areas, etc.

Agribank representatives emphasized that the course of SAV and ACCA coordinated with an important meaning with Agribank, not only training knowledge but also sharing experiences from the process of auditing. This is an opportunity for Agribank to express difficulties and obstacles to the SAV and listen to the answers, so the students need to raise the spirit of learning, acquire knowledge for themselves, and are responsible for conveying, consulting and advising their units to develop many initiatives, ensuring always complying with legal regulations.

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