State Audit and Agribank share common professional background

Speaking at the opening ceremony of the course, Deputy General Auditor Bui Quoc Dung emphasized: Today's course has many meanings, marking the close cooperation between the Auditing Training and Development School with ACCA and Agribank, in which a series of first impressions stand out.

Firstly , this is the first course that the Auditing Training and Development School cooperates with ACCA to organize and implement a training program according to international standards.

Second, Agribank is the first unit to coordinate with the Audit Training and Development School to implement this Program.

Third, this is the first class to inaugurate the smart classroom system and the newly renovated and comprehensively upgraded facilities of the Audit Training and Development School.

In the context of increasing demands for transparency, efficiency and accountability in public and corporate financial management, equipping staff with international standard knowledge and in-depth practices is an essential requirement.

The goal of this training program is not only to improve professional qualifications, but also to form a professional ecosystem in which auditors, financial-accounting staff and managers of auditing units all share a common foundation of thinking and professional standards.

Deputy State Auditor General Bui Quoc Dung speaks.

“Through the training program, the State Audit hopes to contribute to supporting audited units, including commercial banks such as Agribank, to increasingly improve internal control and legal compliance. Thereby, improving the efficiency of resource use, ensuring publicity, transparency and sustainability in financial and banking activities,” Deputy State Auditor General Bui Quoc Dung emphasized.

In parallel with training courses for banking staff, in the coming time, the Audit Training and Development School will continue to expand and implement training courses for local staff, especially those directly managing the budget and public assets; focus on updating legal documents in the financial sector, and at the same time share common errors that the State Audit has discovered. This is an effort of the State Audit to prevent risks and limit violations right from the initial management stage.

Mr. To Huy Vu spoke at the opening ceremony.

Speaking at the opening ceremony, Mr. To Huy Vu, Chairman of the Board of Members of Agribank, assessed: The course is an important event, demonstrating the spirit of close and proactive coordination between the State Audit Office and audited units, taking the audited units as the center to share experiences, helping units grasp the correct guidelines, policies and guidelines of the State, and strictly implement legal regulations in the fields of finance and banking.

Agribank is honored to be selected as one of the first units to be piloted by the State Audit Office. Mr. To Huy Vu said that IFRS is a mandatory standard in the coming time, helping to improve transparency and is a tool to accurately reflect the financial situation, as well as support future financial forecasting. The implementation of IFRS is not simply a technical requirement but also a comprehensive transformation in management thinking, information transparency and integration.

Delegates attending the opening ceremony.

Applying IFRS brings many practical benefits to businesses, improving the quality and reliability of financial reports, enhancing management capacity, corporate brand reputation, increasing customer confidence, and facilitating access to international capital.

For that reason, Agribank always proactively approaches and implements IFRS to realize its commitment to sustainable, safe and effective development, maintaining its leading role in the banking sector.

With a large scale, a wide network of more than 40,000 staff, 162 level 1 branches, 1,766 level 2 branches and 2,000 transaction points, Agribank's transition to IFRS will face many difficulties and challenges, especially when human resources are spread across the country, from cities to rural areas, remote areas...

Agribank representative emphasized that the course jointly organized by the State Audit Office and ACCA is important to Agribank, not only providing knowledge but also sharing experiences from the audit implementation process.

This is an opportunity for Agribank to express its difficulties and problems to the State Audit Office and listen to the answers. Therefore, the trainees need to promote the spirit of learning, acquiring knowledge for themselves, and at the same time be responsible for communicating, consulting, and advising the leaders of the State Audit Office and Agribank to share common professional background so that Agribank can implement many initiatives, ensuring compliance with legal regulations.

Source: https://nhandan.vn/kiem-toan-nha-nuoc-va-agribank-chia-se-chung-ve-nen-tang-chuyen-mon-post872576.html