A reputable auditing firm is an indispensable strategic partner for any business in establishing a transparent financial reporting system. Law on Independent Auditing No. 67/2011/QH12Auditing is not just a legal obligation for... FDI enterprises Being a public company is not only about being a publicly traded company, but it also serves as a guarantee of confidence for investors.
The presence of a reputable auditing firm helps businesses identify risks early, thereby optimizing financial management processes. With the development of the stock market and Circular 200/2014/TT-BTCChoosing the right auditing firm will ensure that business data is accurately reflected in all material respects. Let's look at the gold standards below.
Why do businesses need to choose a reputable auditing firm?
Choosing a reputable auditing firm is not just about meeting the requirements of the tax authorities or the State Securities Commission. It's a crucial step in enhancing the value of a business when conducting M&A transactions, raising capital, or listing on the stock exchange. An audit report from a reputable firm will carry significant weight in the eyes of foreign partners.
In fact, reputable auditing firms possess a team of auditors with Vietnamese or international CPA certifications such as ACCA and CPA Australia. They have a thorough understanding of Vietnamese Accounting Standards (VAS) and Vietnamese Auditing Standards (VSA), helping businesses avoid errors in revenue allocation, expense recognition, or complex corporate income tax issues.
The role of auditing services in the digital economy
In the digital age, reputable auditing firms have applied Big Data and AI technology to audit data instead of using sampling. This helps detect sophisticated financial fraud that older methods might miss, ensuring absolute security for client data systems.
An important legal basis for auditing activities.
According to Decree 17/2012/ND-CP, annual financial statement audits are mandatory for many types of organizations. Reputable auditing firms must be granted a business license by the Ministry of Finance and publicly disclose their annual list of practicing auditors to ensure the highest level of legal protection for clients.
List of the top 15 reputable auditing firms in Vietnam today.
Below is a summary table of the highest-rated companies based on revenue, personnel, and customer trust over the years.
| No. | Name of a reputable auditing firm | Classification group | Outstanding strengths |
| 1 | PwC Vietnam | Big 4 | Tax and international law consulting |
| 2 | Deloitte Vietnam | Big 4 | Risk management and financial advisory services |
| 3 | KPMG Vietnam | Big 4 | Bank and financial auditing |
| 4 | EY Vietnam | Big 4 | Guarantee and transaction services |
| 5 | AASC | Tier 2 | Long-standing, state-owned customer |
| 6 | A&C | Tier 2 | Extensive network throughout the South |
| 7 | Grant Thornton | International | Consulting services for medium-sized enterprises and FDI. |
| 8 | MAN – Master Accountant Network | In-depth consultation | Comprehensive Financial Statement and Tax Audit Services |
| 9 | RSM Vietnam | International | Support for listed companies |
| 10 | Mazars Vietnam | International | Consulting for French and European businesses |
| 11 | UHY | International | Project and investment auditing |
| 12 | AAC | Domestic | Reputation in the Central region |
| 13 | FAC | Domestic | Specialized in tax accounting |
| 14 | Vietland (Dat Viet) | Domestic | Construction valuation and auditing |
| 15 | Viet Australia | International | Connecting Vietnam and Australia for Investment |
PwC Vietnam – A reputable auditing firm belonging to the Big 4 group.
PwC is not only a globally reputable auditing firm but also a leader in quality in Vietnam. With over 30 years of experience, PwC assists multinational corporations in handling complex transfer pricing and financial structuring issues. IFRS standards international.
Deloitte Vietnam – A legacy of over 30 years in the industry.
As the predecessor of Vietnam's first auditing firm (VACO), Deloitte has consistently maintained its position as a reputable auditing firm with professional processes. They are renowned for advising large private enterprises on IPO pathways, ensuring high levels of compliance and transparency.
KPMG Vietnam – Partner of Financial Institutions
KPMG establishes itself as a reputable auditing firm through its advanced technological solutions. Its team of experts possesses in-depth knowledge of State Bank regulations, providing maximum support to major financial institutions and commercial banks.
EY Vietnam – A pioneer in 100% foreign investment.
EY is known as the first reputable, wholly foreign-owned auditing firm in Vietnam. They provide quality assurance services, helping corporate financial reports meet international standards and be easily accepted by foreign stock exchanges and credit institutions.
MAN – Master Accountant Network: A flexible choice
Alongside the Big 4, MAN has emerged as a reputable auditing firm with a personalized approach. MAN focuses on helping businesses optimize their accounting data before the formal audit, minimizing the risk of tax arrears and material misstatements.
Every expert at MAN understands that a reputable auditing firm must go hand in hand with dedication. We provide comprehensive solutions from accounting reviews to tax settlement consulting, ensuring businesses always operate safely and in compliance with the law.
The core criteria for evaluating a reputable auditing firm.
To determine whether an auditing firm is truly reputable, business owners need to consider four fundamental criteria: Professional competence, practical experience, brand reputation, and market trust.
Firstly, professional competence is demonstrated through the professional certifications of the team. A reputable auditing firm must have at least 5 auditors registered with the Ministry of Finance. Secondly, experience in the specific industry is crucial, as construction auditing is very different from retail or manufacturing auditing.
Comparison table of audit quality standards
Here's how reputable auditing firms are typically categorized to help businesses choose one based on size:
| Criteria | Big 4 Auditing Firms | International Auditing Firm (Tier 2) | Internal Audit Firm/MAN |
| Suitable candidates | Listed multinational corporation | FDI enterprises, medium-sized enterprises | SMEs and Startups |
| Service fees | Very high | Medium - High | Flexible, optimized |
| Direct support | Through the standardization process | Relatively flexible | Direct and in-depth engagement with business owners. |
| Recognition | Global | International | Local professional reputation |
The importance of professional ethics
A reputable auditing firm would absolutely never compromise ethics to beautify a report. Independence is a vital principle. According to VSA 200, auditors must maintain professional skepticism to detect errors caused by fraud or mistake.
MAN – Master Accountant Network: A reputable auditing firm for the new era.
Among the list of reputable auditing firms, MAN prides itself on differentiating itself by combining deep expertise and understanding of local culture. We don't just provide numbers; we offer valuable advice to help improve internal control systems.
By using the services of a reputable auditing firm like MAN, clients will experience a scientific process, from planning to issuing management letters. We are committed to information confidentiality and will support businesses throughout the entire process of explaining matters to regulatory authorities.
The standard audit procedure at MAN is as follows:
- Survey: Conduct an initial risk assessment and determine the materiality level.
- Verification: Verify documents, reconcile balances, and conduct a physical inventory of assets.
- Analysis: Assess the appropriateness of the accounting policies that have been implemented.
- Release the report: Provide honest feedback and management support letters.
The following supplementary services help to strengthen MAN's reputation:
In addition to auditing, MAN provides in-depth tax consulting, helping businesses take advantage of legal tax incentives. A reputable auditing firm always knows how to help clients optimize cash flow by complying with current tax regulations such as VAT, corporate income tax, and personal income tax.
Conclude
A reputable auditing firm is the "gatekeeper" for a business's sustainable development. Investing in quality auditing services helps to increase financial transparency, enhance the company's standing, and improve access to significant investment resources in the future.
If you are looking for a reputable and dedicated auditing firm, contact MAN – Master Accountant Network today. With our extensive network of experienced professionals, we are ready to support you through all your financial reporting and tax settlement periods.
Other services
- Financial statement audit services
- Internal audit services
- Internal Control System Assessment Service
- Auditing services on request
- Professional tax audit services
- Construction auditing services
- Completed project settlement audit service
Service contact information at MAN – Master Accountant Network
- Address: No. 19A, Street 43, Tan Thuan Ward, Ho Chi Minh City
- Mobile/Zalo: 0903 963 163 – 0903 428 622
- Email: man@man.net.vn
Content production by: Mr. Le Hoang Tuyen – Founder & CEO MAN – Master Accountant Network, Vietnamese CPA Auditor with over 30 years of experience in Accounting, Auditing and Financial Consulting.
Frequently Asked Questions about Reputable Auditing Firms
How can I verify if an auditing firm is qualified to practice?
Businesses can access the Ministry of Finance or VACPA websites to view the list of licensed firms. A reputable auditing firm will always be included in this annual published list.
How are the service fees of reputable auditing firms calculated?
Fees are based on total assets, revenue, and transaction complexity. However, a reputable auditing firm will provide a transparent price quote from the outset.
Why choose MAN over other large companies?
MAN provides in-depth services from experienced professionals. We not only inspect but also advise on complete system optimization at competitive fees and with maximum flexibility.
Does auditing financial statements help businesses obtain bank loans more easily?
Absolutely. Reports from reputable auditing firms are a prerequisite for banks to assess credit ratings and approve large loan limits.
