Functions and mandates
Audit Department No. IV is a subordinate department of the State Audit Office of Vietnam (SAV) whose mandate is to assist the Auditor General in:
1. Performing the functions of financial audit of investment capital settlement reports, compliance audit and performance audit in managing and using state budget, money and assets in work constructions and investment projects of ministries, ministry-level bodies and governmental agencies (hereinafter referred to as the central ministries and sectors) which manage the fields of transportation, industry, post-telecommunication, trade and tourism sector or of investors which are the units managed by the above-mentioned central ministries and sectors;
2. Performing audits on national target programs under its audit scope;
3. Performing financial audit, compliance audit and performance audit in managing and using state budget, money and assets of state-owned enterprises operating in capital investment field which is managed directly by the above-mentioned central ministries and sectors;
4. Preparing SAV’s comments on projects and works of national importance under its audit scope for the Auditor General to present to the National Assembly.
Duties and powers
1. Tracking and capturing the situation of capital investment and activities of state-owned enterprises operating in capital investment field under its audit scope to facilitate audit work; developing its annual audit plan to submit to the Auditor General for approval; implementing the audit plan assigned by the Auditor General;
2. Being authorized by the Auditor General to collaborate with the Economic and Budget Committee of the National Assembly and other bodies from the National Assembly and the Government to review and examine reports on state budget allocations for projects and works of national importance decided by the National Assembly under its audit scope;
3. Preparing SAV’s comments on projects and works of national importance under its audit scope for the Auditor General to present to the National Assembly.
4. Chairing or Coordinating with Audit Departments and Regional State Audit Offices to audit national target programs assigned by the Auditor General;
5. Studying and using internal audit results of agencies and organizations where internal audit system is available, and taking responsibility before the Auditor General for using those results;
6. Approving and taking responsibility before the Auditor General and the law for audit minutes and audit reports prepared by its audit teams before submitting to the Auditor General;
7. Summarizing audit results and results of implementing audit recommendations of annually audited entities under its audit scope to report to the Auditor General;
8. Collaborating with Department of General Affairs and related units to prepare comments on annual state budget estimates, central budget allocations and state budget settlements for the Auditor General to present to the National Assembly;
9. When performing audit tasks, the Audit Department No. IV has the powers:
a) Requesting audited entities and related organizations and individuals to provide complete and accurate information in a timely manner to facilitate audit work; to request related agencies to coordinate in fulfilling assigned tasks; requesting state agencies, mass unions, social organizations and citizens to support and facilitate task implementation;
b) Requesting audited entities under its audit scope to implement SAV’s audit conclusions and recommendations for errors in financial statements and violations of legal compliance; proposing implementing measures to overcome those shortcomings found by SAV in audited entities’ performance;
c) Checking the implementation of SAV’s audit conclusions and recommendations in audited entities under its audit scope;
d) Advising the Auditor General to request authorized state agencies to ask audited entities to implement audit conclusions and recommendations for errors in financial statements and violations of legal compliance; to propose penalties in accordance to the law for units failing to implement or not implement all SAV’s audit conclusions and recommendations in a timely manner;
đ) Advising the Auditor General to request authorized state agencies to impose penalties on organizations and individuals for law violations that have been clarified in audit activities;
e) Advising the Auditor General to request authorized state agencies to impose penalties on organizations and individuals for obstructing audit activities or providing false information and documents for audit teams, audit groups and auditors;
g) Advising the Auditor General to request experts’ opinions if necessary;
h) Advising the Auditor General to consign or hire auditing enterprises to audit agencies and organizations under its audit scope;
i) Based on audit activities, advising the Auditor General to propose the National Assembly, the National Assembly Standing Committee, the Government, the Prime Minister, the People’s Council, the People’s Committee and other State agencies to amend and supplement mechanisms, policies and laws accordingly.
10. Collaborating with Department of Audit Policy and Quality Control to develop standards, procedures and methodologies on state audit and internal audit in assigned audit fields; proposing the Auditor General to amend, supplement and complete standards, procedures and methodologies on state audit and internal audit applied in its audit activities;
11. Managing auditing records/working papers prepared by the Department; safeguarding confidential documents, accounting data and information on audited entities’ activities in accordance with state laws and regulations set by the Auditor General;
12. Managing officials and staffs in accordance with the regulations of the State and of the Auditor General on the decentralized management; implementing tasks on emulation, reward, discipline, storage, propaganda and scientific research in accordance with the regulations of the State and the Auditor General; reporting its work results to the Auditor General on a monthly, quarterly, yearly or extraordinary basis; managing its assets and equipment;
13. Performing a number of other tasks and powers as assigned or authorized by the Auditor General.
(Quote of Decision No. 600/QD-KTNN dated 2nd August 2006 by the Auditor General)