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Wednesday, August 4, 2021 14:24

Academy of Finance have actively contributed to the success of Online Conferences on improving the quality of financial reporting and internal audit in the public sector
(AOF) - As a prestigious training institution in accounting - finance, providing high quality financial and accounting training and scientific research products for society for nearly 60 years, the Academy of Finance has made many positive contributions to the success of 02 Online Conferences that took place recently at the end of July.

Conference "Improving the quality of financial reporting information of State accounting units, input information for preparation of State financial statements"

The conference on July 20, 2021 is the 5th national online event organized by the National Chief Accountant Club.

In the opening speech, Mr. Vu Duc Chinh - Director of the Department of Accounting and Auditing Regulations said that the National Chief Accountant Club consists of members who are chief accountants at enterprises and state accounting units, including the State Treasury and other estimating units at all levels from local to central. State accounting units operate in accordance with the Law on Accounting, accounting documents in the public sector, the Law on State Budget, the Law on Public Asset Management and other financial mechanisms in the public sector. However, with the current trend of integration, the Ministry of Finance is studying and implementing the Vietnam Public Accounting Standards Project. The promulgation of this public accounting standard system is expected to bring about reforms and advancements in the field of public accounting, ensuring compliance with international practices and Vietnam's economic reality.

This is the first time the program has been implemented for the public sector with two main goals: exchanging to improve the quality of financial statements at accounting units, improving the quality of providing information to the State Treasury. for the purpose of preparing state financial statements. Speakers and accountants engaged in enthusiastic and responsible exchanges to clarify related issues.

At the conference, speakers from the Department of Auditing Management, the State Treasury answered in detail many problems of the accountants attending the program.

Assoc. Prof., PhD. Ngo Thanh Hoang - Head of Scientific Management Department, in charge of Public Accounting Department, Academy of Finance answered many questions from accounting units nationwide.

Assoc., PhD. Ngo Thanh Hoang shared about being proactive and flexible in situations, applying digital finance and information technology to handle situations used in the Academy of Finance as an illustrative and clear example. Especially for the issue of financial statements preparation of cost estimate level 1 units with dependent units, Assoc., PhD. Ngo Thanh Hoang has received many questions related to joint venture activities of units nationwide. This is one of the difficult and topical topics in recent times. Assoc., PhD. Ngo Thanh Hoang gave specific instructions on how to do this, stating the legal risks that may be encountered if the accounting units do not carefully study Decree No. 60/2021/ND-CP, classifying cases in joint venture activities and the accounting direction to handle situations when a joint venture creates or do not creat a new legal entity

At the conference, the participants discussed and guided the units to properly implement the requirements of setting targets in the State financial statements to improve the quality of reporting information, not only focusing on the basis of mechanical addition of the data at the units, but also taking into account the balance and logic among the data, the meaning of the numbers in each reporting period... Director of the Department of Accounting and Auditing Regulations also said after the conference. online, the comments and problems will be synthesized and submitted to the Ministry of Finance for resolutions.

Conference "Sharing experience in implementing effective Internal Audit function for the public sector"

The conference took place on July 28, 2021, co-organized by the Ministry of Finance and The Institute of Internal Auditors) (IIA), Smart Train Organization.

Attending the conference, th ere were Mr. Vu Duc Chinh - Director of the Department of Accounting and Auditing Regulations (Ministry of Finance), Ms. Lily Bi - Senior Vice President of Global Development and Certification, The Institute of Internal Auditors of America; Mr. Anthony Pugliese - President and CEO, The Institute of Internal Auditors of America with the participation of speakers and guests from state agencies, public non-business units...; Assoc. Truong Thi Thuy - Deputy Director of Academy of Finance; Assoc., PhD. Ngo Thanh Hoang - Head of Scientific Management Department with lecturers from Academy of Finance.

The conference was organized to support relevant state agencies and public non-business units to overcome the difficulties and surprises of the initial stage of implementing the internal audit function. The conference is a special opportunity for state agencies and relevant public non-business units to have the opportunity to access information, policies and experiences when exchanging and having multi-dimensional dialogue with high-level experts. from the Ministry of Finance, International Professional Association, Professional Training Organization...

At the Conference, the speakers presented on the organization and implementation of internal audit in the public sector in accordance with the provisions of Decree No. 05/2019/ND-CP; Building an effective internal audit function in the public sector in Vietnam; Experience in implementing the Internal Audit function successfully in the public sector in Indonesia; Manual for implementing internal audit for Ministries, ministerial-level agencies, People's Committees of provinces and cities, and seminars on internal audit organization at public...

At the conference, the speakers gave presentations on: organizing the implementation of internal audit in the public sector in accordance with Decree No. 05; building an effective internal audit function in the public sector in Vietnam; experience in successfully implementing the internal audit function in the public sector in Indonesia; manual for implementing internal audit for ministries, ministerial-level agencies, People's Committees of provinces and cities.

Some pictures of these 02 conferences:

Assoc. Prof. Dr. Ngo Thanh Hoang - Head of Scientific Management Department, Public Accounting Department, Academy of Finance was answering questions at the Scientific Conference.

Assoc., PhD. Truong Thi Thuy - Deputy Director of Academy of Finance; Assoc. Prof., Dr. Ngo Thanh Hoang - Head of Scientific Management Department, Academy of Finance presented at the scientific conference on questions of accountants and auditors participating at the scientific conference on July 20. 2021.

Speakers participating in the Science conference on July 28, 2021

Mr. Vu Duc Chinh - Director of the Department of Accounting and Auditing Regulations

Ms. Le Thi Tuyet Nhung, Deputy Director of the Department of Accounting and Auditing Regulations presented on internal audit in the public sector in accordance with the provisions of Decree No. 05/2019/ND-CP.

Mr. Ahmad Fuad, Director of Internal Audit, Financial Services Authority of Indonesia, the Institute of Internal Auditors in Indonesia, shared his experience of successfully implementing the Internal Audit function in the public sector in Indonesia

Mr. Hoang Hung - Expert of the World Bank supporting the development of NDD05, in charge of the Securities Commission of Gentis JCS, Chairman of CGS Vietnam - presenting at the scientific conference

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