Vietnam internal audit ("IA") standards and ethic principles for internal auditor

Circular 08 is applied to state agencies, public non-business units and listed enterprises, parent enterprises in which more than 50% of charter capital is owned by the state, state-owned enterprise which is parent company. The entities which do not fall into these categories are encouraged to perform internal audit.

Vietnam Internal Audit standards are divided into two main groups: attribute standards and performance standards.

• Attribute standards address the attributes of organizations and individuals performing internal auditing.
• Performance Standards describe the nature of internal auditing and provide quality criteria against which the performance of these services can be measured.

Attribute and Performance Standards apply to all internal audit activities.

Circular 08 also requires internal auditor to apply and maintain five ethical principles including:

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