The State Audit Office of Viet Nam is elected as a member of the ASOSAI Audit Committee for the 2024-2027 term

(sav.gov.vn) - During the 16th Assembly of the Asian Organization of Supreme Audit Institutions (ASOSAI), at the second plenary session, the State Audit Office of Viet Nam (SAV) was honored to be elected as one of the two members of the ASOSAI Audit Committee for the 2024-2027 term, alongside the Supreme Audit Court of Iran. This achievement reflects the SAV’s significant efforts in international integration and enhancement of its position on the international auditing community.

The SAV's candidacy for the ASOSAI Audit Committee for the 2024-2027 term is of great importance, marking an elevation in its integration capabilities and professional level in international cooperation. It demonstrates the development and maturity of the SAV in flexibly and effectively applying advanced international knowledge, experiences, and resources from ASOSAI and its members to enhance its own capacity.

This also showcases the persistence of the SAV in pursuing its commitment to being an active and responsible member of the international auditing community. This will continue the success gained from its ASOSAI Chairmanship for 2018-2021 term and its ASOSAI Governing Board membership for three consecutive terms from 2015 to 2024.

Moreover, the candidacy for the ASOSAI Audit Committee for the 2024-2027 term not only provides an opportunity for the SAV to create an environment and motivation for auditors to enhance their professional skills and ethics in an international context but also serves as an effective communication channel to elevate the image and voice of the SAV both domestically and internationally.

Efforts to prepare for the candidacy for the ASOSAI Audit Committee

From 2022, the SAV began diligently developing a proposal for its candidacy for the ASOSAI Audit Committee for the 2024-2027 term, outlining the process and implementation measures for the candidacy.

In February 2024, the SAV issued a plan clearly defining goals, tasks, solutions, and resources mobilization to ensure timely and effective implementation of the candidacy, gained maximum support from ASOSAI member SAIs.

The efforts to run for the nomination were conducted through various channels, including sending letters, bilateral meetings, multilateral events involving SAV leadership, and online meetings at the senior leader-level, along with diplomatic and media communications.

Notably, at the 16th ASOSAI Assembly, the SAV delegation, led by Deputy Auditor General Bui Quoc Dzung, effectively conducted enormous efforts through direct talks with various SAIs of Thailand, India, China, Malaysia, the UAE, Bhutan, etc., seeking their support for the SAV’s candidacy.

In discussions with leaders of other SAIs, Deputy Auditor General Bui Quoc Dzung affirmed that the SAV has always strived to and be an active, responsible member to significantly contribute to the international auditing community. Following its successful tenure as the ASOSAI Chair from 2018 to 2021 and its membership of the Governing Board from 2015 to 2024, Viet Nam’s candidacy for the ASOSAI Audit Committee for 2024-2027 reflects its desire to further contribute to ASOSAI activities and enhance its international integration capabilities.

Deputy Auditor General Bui Quoc Dzung expressed gratitude for the support from other SAIs during SAV’s ASOSAI chairmanship from 2018 to 2021 and for their bilateral cooperation and assistance for the SAV. He also expressed high hope that the relationship between the SAV and other SAIs will continue to develop further in-depth, practically, and effectively in the future.

During the interactions, the SAIs appreciated the achievements of the SAV during its ASOSAI Chairmanship and its Governing Board membership. They also expressed their support for SAV’s candidacy for the ASOSAI Audit Committee for the 2024-2027 term at the second plenary session.

Thanks to these efforts, at the 16th ASOSAI Assembly, the SAV was officially elected as a member of the ASOSAI Audit Committee for the 2024-2027 term.

It can be affirmed that the SAV’s election as a member of the ASOSAI Audit Committee for the 2024-2027 term is of particular importance in the context of international integration, which is recognized by the Party and State of Viet Nam as one of the crucial drivers for promoting socio-economic development, enhancing national strength, and elevating the international status and reputation of the country.

According to the ASOSAI Charter, the ASOSAI Audit Committee is an agency under ASOSAI, responsible for auditing the ASOSAI financial report for a three-year period according to ISSAIss. Additionally, it conducts field audits at the ASOSAI Secretary-General's headquarters after the conclusion of the three-year financial period, following ASOSAI's financial regulations (except in cases of force majeure).

The ASOSAI Audit Committee is responsible for overseeing the voting process to elect the next ASOSAI Chair during the Governing Board meeting one year prior to the Assembly, members of the Governing Board and the Audit Committee for the next term at the Assembly.

The Audit Committee consists of two ASOSAI member SAIs and not a part of the Governing Board; they are elected by the Governing Board and the SAIs by voting during the Assembly, based on an assessment of the member SAIs' capabilities to conduct audits in compliance with the financial regulations and ASOSAI Charter.