After Mr. Trinh Van Quyet’s case, the Ministry of Finance requested the police to transfer the wrong businesses
The Ministry of Finance requested to strengthen inspection and supervision of the implementation of the provisions of law in the audit of listed enterprises.
On April 1, the Ministry of Finance sent a document to State Securities Committee, The Accounting and Auditing Supervision Management Department and the Ministry Inspectorate requested to strengthen the inspection and supervision of the implementation of the provisions of law in the audit of listed enterprises.
 |
| The case that Mr. Trinh Van Quyet was accused of manipulating the stock market caused a stir in public opinion. |
Auditing of annual financial statements is mandatory for listed companies and public companies, in order to help businesses standardize and transparent financial information, serving the interests of enterprises. , the investors.
However, the Ministry of Finance said that in the past time, there were many errors in the financial statements of a number of listed companies and public companies, even in some cases where the opinion was completely accepted. of the audit firm.
Therefore, Minister Ho Duc Phuc requested the Department of Management and Supervision of Accounting and Auditing to well implement the inspection plan approved by the Ministry of auditing firms in the field of management according to regulations of the Government. law. Timely detection and strict handling of violations of the law on auditing; To assume the prime responsibility for, and coordinate with the State Securities Commission (SSC) and the Inspectorate of the Ministry of Finance, to strengthen and accelerate the inspection, examination and supervision of enterprises providing audit services; In case of detecting serious violations, it is required to urgently transfer to the police agency for handling according to the provisions of law.
The Ministry of Finance requested to strengthen inspection, supervision, and take corrective measures so that audit firms strictly comply with regulations on strict compliance with legal provisions on auditing, the system of auditing standards. Vietnam and related legal documents; ensure independence and objectivity in the audit process; well control the professional ethics of practitioners, improve the capacity of the team of practicing auditors; Review, evaluate and promptly advise the Ministry on amending and supplementing the Law on Independent Auditing and guiding documents, in order to implement solutions to improve the quality of independent audit activities.
The Ministry of Finance assigned the State Securities Commission to strengthen supervision of the operation and financial situation of listed companies and public companies, and promptly warn investors when there are major fluctuations in the financial situation and results of the operation. business results of the enterprise.
At the same time, this Committee is assigned to assume the prime responsibility for, and coordinate with the Department of Management and Supervision of Accounting and Auditing, and the Inspectorate of the Ministry of Finance in planning to inspect and examine audit firms for listed enterprises. listed, public companies; pay attention to enterprises whose customers have erroneous or erroneous financial statements, leading to amendments… which significantly change the financial position and business results of the enterprise.
“In case of detecting serious violations, it is required to urgently transfer to the police agency for handling according to the provisions of law”, the Ministry of Finance noted.
SSC’s Party Committee ‘seriously learns from experience’ The State Securities Commission on April 1 published information about the decision to discipline a number of key members of this agency. Accordingly, the Party Committee of the SSC will abide by decisions from competent levels, seriously learn from experience to jointly overcome the violations and shortcomings pointed out by the Central Inspection Committee, and at the same time is directing the State Securities Commission and the unit to perform well the ideological and political work, to concentrate highly to complete the assigned tasks, to ensure the stable, smooth, safe and sustainable development of the stock market. . According to the conclusion of the Central Inspection Committee at the 13th Session, taking place from March 28-31 in Hanoi, it contained the content: “Considering inspection results when there are signs of violations against the Party Committee of the State Securities Commission for the 2015-2020 term, the Central Inspection Committee found that: The Party Committee of the State Securities Commission has violated the principle of democratic centralism and the Working Regulations; lack of responsibility, loose leadership and direction, lack of inspection and supervision, so that some organizations and individuals under the Committee have many violations and shortcomings in advising on the development of institutions, policies and practices. perform the state management of securities activities and the stock market, so that some organizations and individuals violate the law, manipulate the market, and gain illicit profits. Comrades: Vu Bang, former Secretary of the Party Committee, former Chairman of the State Securities Commission; Tran Van Dung, Secretary of the Party Committee, Chairman of the State Securities Commission; Nguyen Thanh Long, Secretary of the Party Committee of the Hanoi Stock Exchange, Chairman of the Members’ Council of the Vietnam Stock Exchange, former Vice Chairman of the State Securities Commission, former Chairman of the Board of Directors of the Hanoi Stock Exchange; Le Hai Tra, General Director of Ho Chi Minh City Stock Exchange, former Member in charge of the Board of Directors; Nguyen Son, Chairman of the Board of Directors of the Vietnam Securities Depository Center is jointly responsible for the violations and shortcomings of the Party Committee of the State Securities Commission, the Ho Chi Minh City Stock Exchange, and the Ha Stock Exchange. Noi, Vietnam Securities Depository Center; take personal responsibility for violations and shortcomings in the performance of assigned responsibilities and tasks. The above violations have caused serious consequences, negatively affecting the stock market, reducing investor confidence, the reputation of party organizations and the State Securities Commission, causing frustration in the society. society, to the point of having to consider and take disciplinary action”. |
Luong Bang
at Blogtuan.info – Source: vietnamnet.vn – Read the original article here
