The State Audit Office of Việt Nam will develop intelligent management systems that could provide a new audit method to enhance the industry and support the digital economy in the next five years. — Photo courtesy of SAV

HÀ NÔI — Việt Nam’s audit industry has been working hard to develop information technology to catch up with global trends, said a representative from the State Audit Office of Việt Nam (SAV).

The SAV representative said: “The Fourth Industrial Revolution brings many opportunities and advantages as well as difficulties and challenges to the field of digital audit,” adding that in order to meet integration requirements, SAV has implemented a number of IT solutions.

To ensure the consistency of the legal system alongside digital transformation as of the recommendations of the the International Organisation of Supreme Audit Institutions (INTOSAI), SAV has submitted amendments and supplementations to the Law on State Audit 2015, which helped SAV access national databases and the digital database of audited units, agencies, organisations and individuals related to audit activities.

The representative said such access was the legal basis for SAV's activities to help reduce human resources and shorten the audit duration, contributing to improving the quality of audits towards more accurate and transparent results. 

At the same time, SAV has digitalised a large volume of audit records carried out in previous years, classifying and storing about nine million pages of documents electronically. SAV also deployed different IT applications to serve the management and operation of the internal audit.

To accompany digital transformation, SAV also provided more training to staff, especially those in IT. 

According to SAV’s IT development strategy in the 2019-25 period, the office will develop intelligent management systems that could provide a new audit method to enhance the industry and support the digital economy. By 2025, SAV would complete digital infrastructure and implement automation to support SAV activities with modern digital technologies and it will perfect the digital infrastructure and gradually develop a strong and modern SAV based on digital technology by 2030.

According to SAV, as the role of international cooperation becomes increasingly important, the office has connected with international agencies and audit communities around the world.

So far, SAV has implemented some international cooperation in the IT field, such as participating in a research project called The Working Group on Big Data of INTOSAI, the environment audit called ASOSAI WGEA, the ASOSAI capacity development programme on IT audit in 2018 – 2019 and in training courses on IT audit under the International Centre for Information Systems and Audit (iCISA), International Training Centre of the Comptroller and Auditor General of India within the framework of the Economic and Technical Cooperation Program (ITEC) sponsored by the Indian Government.

SAV’s representative concluded that through international cooperation activities on IT, SAV will participate more effectively in the global value chain, in the world financial market, at the same time asserting the important role and position in the political system of the State of Việt Nam, becoming an effective tool to help the National Assembly monitor the national financial system. — VNS