4 Deloitte Vietnam auditors suspended after SCB case

Several auditors of Deloitte Vietnam Auditing Company Limited have just had their auditor qualifications suspended following the incident at SCB.

Among the three major auditing firms in the world that have audited SCB for many years, there is Deloitte Vietnam - Photo: TTD

State Securities Commission has just issued a decision to suspend the status of auditors approved to audit public interest entities for auditors of Deloitte Vietnam Auditing Company Limited.

Specifically, the suspended list includes auditors Pham Hoai Nam, Le Dinh Tu, Do Hong Duong, and Tran Van Dang. The suspension period starts from June 25 to December 31, 2024.

In which, Mr. Le Dinh Tu is the deputy general director who reported the audit of SCB for the 2019 semi-annual period.

Previously, the trial Van Thinh Phat case The ongoing scandal (from March 5 and expected to end April 29) has become the center of attention as the amount of money "stolen" from SCB amounts to several hundred thousand billion VND. In addition to the responsibilities of the parties, public opinion cannot help but wonder about the role of the auditing units.

Among the three major auditing firms in the world participating in auditing SCB for many years, there is Deloitte Vietnam.

When auditing SCB from 2017 to the first half of 2019, this leading company also commented that the consolidated financial statements were honest, reasonable, and consistent...

It is also necessary to say more about the "incomprehensibility" shown in SCB's financial reports. As the consolidated financial report for the second quarter of 2022 (the most recent report SCB published before being placed under special control) recorded that by the end of June 2022, total assets reached more than VND 761,000 billion.

With the above total assets, by mid-2022, SCB will be in the top 5 largest banks, after BIDV, Agribank, VietinBank and Vietcombank.

The SCB trial panel has requested the Police Department to investigate crimes of corruption, economics, and smuggling (C03) - The Ministry of Public Security and the Supreme People's Procuracy, during the second phase of the investigation, "continue to clarify the roles and responsibilities of the auditing companies at SCB Bank and related auditors. If there is sufficient basis, they will consider handling them in accordance with regulations."

Source