Auditing firms are strategic partners that help businesses ensure transparency in financial reporting, guarantee legal compliance, and optimize tax risk management. For businesses seeking professional service providers, understanding the process and selection criteria is a crucial first step in protecting their assets.
Auditing is not just a legal obligation. Independent Auditing Law of 2011Furthermore, it is a tool that helps managers assess the actual health of their business operations. For businesses undergoing an audit for the first time, this process can raise many concerns about costs and procedures. This article will provide an overview from an expert's perspective to help you make the right decision.
Summary of key features of the auditing firm
An auditing firm is an independent professional service provider that examines and provides an opinion on the fairness and accuracy of financial statements or other financial information. This service is required by law for businesses or is offered voluntarily to enhance their reputation with investors and banks. When seeking an auditing firm, businesses should prioritize independence, industry experience, and the ability to provide in-depth tax risk advice.
Definition and role of auditing firms under Vietnamese law.
According to the Law on Independent Auditing No. 67/2011/QH12, auditing is the examination and confirmation by auditors of the accuracy and reasonableness of financial statements. The entity providing this service must be an auditing firm certified by the Ministry of Finance as meeting the business requirements.
Auditing acts as a bridge of trust between businesses and stakeholders such as shareholders, tax authorities, and banks. Financial statements audited by a reputable firm will increase brand value and facilitate the process of raising capital or obtaining credit.
Why do businesses need to hire an auditing firm?
Many managers often question why they should pay for it. auditing services When the internal accounting department has already performed its daily tasks, the answer lies in objectivity and depth of expertise. External auditors provide an objective perspective that internal staff sometimes miss due to work habits. They are up-to-date on the latest accounting standards and tax regulations, and have experience from various business models.
A good auditing firm will help a business:
- Identify weaknesses in the internal control system.
- Optimize unreasonable expense items before a tax audit.
- Provide specific recommendations to make the operational process smoother.
Who is required to have their financial statements audited?
Not all businesses are required to conduct annual audits. However, according to the Independent Auditing Law and its guiding documents (including...) Decree 90/2025/ND-CP), the following units Auditing of financial statements is mandatory.:
- Foreign invested enterprises (FDI).
- Credit institutions are established and operate in accordance with the Law on Credit Institutions.
- Financial institutions, insurance companies, and insurance brokerage firms.
- Public companies, securities issuers, and securities trading organizations.
- State-owned enterprises (excluding state-owned enterprises operating in fields related to state secrets).
- Large-scale businesses as stipulated in Decree 90/2025/ND-CP.
- Other businesses and organizations whose annual financial statements are required to be audited according to relevant laws.
Top 10 Reputable Auditing Firms in Ho Chi Minh City
Choosing the right partner requires an understanding of the auditing firm's capabilities and reputation in the market. Below are 10 reputable auditing firm Often trusted and chosen by organizations in the Southern region:
PwC Vietnam Co., Ltd.
PwC is a member of the PwC network of firms. Officially established in Vietnam since 1994, it is a leading provider of audit and tax advisory services. With over 1,200 experienced personnel, PwC has become a trusted partner for many large companies.
- Address: Saigon Tower, 29 Le Duan Street, Ben Nghe Ward, District 1, Ho Chi Minh City.
- Phone: 028 3823 0796.
- Website: pwc.com/vn/vn.
Ernst & Young Vietnam Co., Ltd. (EY)
EY is the first foreign-owned auditing firm to receive a license to operate in Vietnam since 1992. With over 800 employees, EY stands out for its dedicated support and top-tier information security.
- Address: Bitexco Financial Tower, 2 Hai Trieu Street, Ben Nghe Ward, District 1, Ho Chi Minh City.
- Phone: 0283 824 5252.
- Website: ey.com/vi_vn.
Deloitte Vietnam Co., Ltd.
Established in 1991, Deloitte Vietnam is a branch of Deloitte Southeast Asia. It provides internationally standardized solutions to multinational corporations and large domestic businesses.
- Address: Times Square Building, 57-69F Dong Khoi Street, Ben Nghe Ward, District 1, Ho Chi Minh City.
- Phone: 028 7101 4555.
- Website: deloitte.com/vn/en.
KPMG Vietnam Co., Ltd.
KPMG Vietnam has been present in Vietnam since 1994 and is a member of a global corporation. In addition to auditing, the unit provides financial services, tax advisory services, and specialized risk management.
- Address: Sun Wah Building, 115 Nguyen Hue Street, District 1, Ho Chi Minh City.
- Phone: 028 3821 9266.
- Website: kpmg.com/vn/vi.
AASC Auditing Firm Co., Ltd.
AASC is Vietnam's first and largest legally registered organization operating in the fields of auditing, accounting, and tax consulting. As a member of HLB International, AASC provides quality services at reasonable costs.
- Address: Galaxy 9 Building, 9 Nguyen Khoai Street, District 4, Ho Chi Minh City.
- Phone: 028 3945 0505.
- Website: aasc.com.vn.
A&C Auditing and Consulting Company Limited
With over 31 years of operation since 1992, A&C is one of the leading independent auditing firms in Vietnam. The firm focuses on financial statement auditing and compliance consulting.
- Address: No. 2, Truong Son Street, Tan Binh District, Ho Chi Minh City.
- Phone: 028 3547 2972.
- Website: ac.com.vn.
Grant Thornton (Vietnam) Co., Ltd.
Established in 1993, Grant Thornton is a member of a global auditing group. The company provides customized solutions to a wide range of domestic and international clients.
- Address: Pearl Plaza Building, 561A Dien Bien Phu Street, Binh Thanh District, Ho Chi Minh City.
- Phone: 083 910 9100.
- Website: grantthornton.com.vn.
RSM Vietnam Auditing and Consulting Company Limited
RSM Vietnam was established in 2001 and has been a member of the international auditing group RSM since 2012. Its team of over 400 professionals focuses on supporting businesses in their growth.
- Address: 140 Nguyen Van Thu Street, Da Kao Ward, District 1, Ho Chi Minh City.
- Phone number: 0988 139 090.
- Website: rsm.global/vietnam/vi.
UHY Auditing and Consulting Company Limited
After more than 16 years of operation, UHY Vietnam has established a strong position with high credibility from international and Vietnamese organizations. Its extensive network enables UHY to provide high-quality services.
- Address: 63B Calmette, Nguyen Thai Binh Street, District 1, Ho Chi Minh City.
- Phone: 0834 999 222.
- Website: uhy.vn.
Mazars Vietnam Co., Ltd.
Mazars Vietnam is a member of the international Mazars Group, with over 70 years of global experience. The company specializes in providing services to a diverse range of sectors, from industrial to commercial.
- Address: Rong Viet Building, 141 Nguyen Du Street, Ho Chi Minh City.
- Phone: 028 3824 1493.
- Website: mazars.vn.
MAN – Master Accountant Network
If your business is looking for a partner that goes beyond just auditing and also helps address tax risks, MAN – Master Accountant Network is the top choice. With over 30 years of experience in the Vietnamese market, MAN delivers differentiated value through its thorough understanding of the domestic tax legal system.
The experts at MAN – Master Accountant Network don't work based on rigid theory. Instead, we focus on:
- Analyzing the potential risks in insider trading.
- Optimizing tax costs is based on the accurate application of Circulars 78/2014/TT-BTC and 96/2015/TT-BTC.
- Providing specialized Management Letters helps business leaders correct errors before the tax authorities conduct a final audit.
The solutions from MAN – Master Accountant Network help businesses transform from a passive to an active approach in financial management. Customer peace of mind has been the measure of our core value for the past three decades.
Contact information for services at MAN – Master Accountant Network:
- Address: 19A, 43rd Street, Tan Thuan Ward, Ho Chi Minh City.
- Mobile/Zalo: 0903 963 163 – 0903 428 622.
- Email: man@man.net.vn.
Criteria for selecting a reputable auditing firm
To avoid legal complications and unnecessary costs, experts at MAN suggest you consider the following criteria:
- Industry experience: You should ask the auditing firm to provide a list of clients in the same industry that they have served.
- Personnel qualifications: Find out who will be directly responsible for the contract and whether they hold a Certified Public Accountant (CPA) certification.
- Tax consulting capabilities: Prioritize firms with strong tax consulting expertise to resolve issues as they arise, rather than waiting until the report has been released.
Comparison table of criteria for selecting an auditing firm
The choice of partner depends on the size and objectives of the business. Below is a basic comparison table:
| Criteria | International companies (Big 4) | Other auditing firms |
|---|---|---|
| Service fees | Usually tall | Flexible, reasonable |
| Strengths | Global brand | In-depth knowledge of local laws |
| Suitable candidates | multinational corporation | Small and medium-sized enterprises (SMEs) |
| Tax consulting | Focus on major reports | Providing practical operational support. |
Conclude
Choosing the right firm is a crucial decision that directly impacts the transparency and sustainability of your business. A quality firm will not only help you fulfill your legal obligations but also act as a partner, helping you identify risks and opportunities.
At MAN – Master Accountant Network, we are committed to providing our clients with complete peace of mind through practical, in-depth solutions. If you are looking for a reliable partner to optimize tax risk management and ensure financial transparency, contact us for expert advice from our team of professionals with over 30 years of experience.
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
- E-mail: man@man.net.vn
- Google Business Profile: View MAN – Master Accountant Network's Google Business Profile
- LinkedIn Founder: View expert Le Hoang Tuyen's LinkedIn profile.
Responsible for production and professional content review by: Mr. Le Hoang Tuyen – Founder & CEO of MAN – Master Accountant Network, CPA Vietnam with over 30 years of experience in accounting, auditing, taxation, and corporate financial consulting.
Frequently Asked Questions about Audit Firms
What criteria are used to calculate audit fees?
Costs typically depend on the size of the business, the complexity of the transaction, the number of transactions, the expected completion time, and the personnel involved.
Do small companies need to get audited?
Although not legally required, auditing is still the best way to improve credibility and prepare for fundraising or bank loan applications.
Did the auditors detect any fraudulent activity?
Auditors are responsible for designing processes to detect material misstatements, whether due to error or fraud.
Besides the audit report, what does a business receive after the audit is complete?
Auditors typically provide a Management Letter, listing weaknesses in the internal control system and proposing solutions to address them.
How often should you change your auditing firm?
Changes depend on internal policies. Maintaining long-term partnerships helps them understand the company's history and specifics, leading to a more effective auditing process.
