A significant number of corporations where investors are not resident in Vietnam are exposed to risks such as illegal management, insufficient bookkeeping, record manipulation, concealment of mistakes, embezzlement, and misappropriation. It could lead to discontinuance of the company or bankruptcy. In addition, investors don't recognize them but they often get to be responsible for them.
Review of Purchase/Sales Contracts · Comparison with Market Prices · Comparison with Accounting Records · Review of Inventories · Comparison with Storage and Release · Identification of Management Conditions · Review of Employment · Audit of Internal Corruption · Record of Operation Status · Generation of Court Records · Compliance Audit · Legal Due Diligence · Review of Business Legitimacy· Identification of Registration Errors · Identification of Administrative Disposition · Identification of Collateral Status · Determinate Obligation Statistics · Contingent Debt Forecasting · Delinquent Tax Inquiry · Confirmation of Tax Completion · Accounting Audit Commission · Financial Due Diligence Commission
Review of Purchase/Sales Contracts · Market Price Comparison · Accounting Record Comparison
Most internal corruption occurs mainly on transactions relating to money. People usually trade raw materials and finished products with the price that is differ from the market price, then share the profit together.
Review of Inventories, Comparison with Storage and Release · Identification of Management Conditions
Some transaction-related corruption can be prevented in advance by linking inventory status. In terms of inventory, Vietnam must follow the rule and principles set by foreign head quarter. However lack of management will lead to increase the scale of damages.
We unveil fake employments. It includes that paying salaries as if they hire employees and/or paying more than their abilities. It is often related to their family members, relatives or fiancee.
Audit of Internal Corruption · Record of Operation Status · Generation of Court Records
We act as an auditor for various internal corruptions and manage records including related photos, voices and videos. If necessary, we will accompany a law enforcement officers to generate court records.
- What is a court record (vi bằng)?
Compliance Audit · Legal Due Diligence · Review of Business Legitimacy
Compliance audits, legal due diligence, and review of business legality are commonly used in a similar sense. To sum up, it is the procedures to check whether the works performed are against the law.
Occasionally, the illegal facts of a business that company has been carrying out for a long period of time are revealed late, and would be subject to business sanctions.
Usually, these business sanctions occur when the business started and made meaningful performance, or when the company is exposed to the public. Therefore it is essential for companies to review the business legitimacy of the investee who is planning to invest.
Identification of Registration Errors and Identification of Administrative Disposition
We identify and correct errors in registration of details for corporations and its assets, etc. We also check the status of administrative dispositions to need to respond at the same time.
Identification of Collateral Status · Determinate Obligation Statistics · Contingent Debt Forecasting
We check if there is any security in real estate or properties. we obtain statistic figures on current obligations comparing the numbers in the company book, and forecast contingent debt items in a predictable range.
Delinquent Tax Inquiry · Confirmation of Tax Completion
We check the amount of tax arrears in your local tax office and verify all tax dues are completed by the time of the audit
Accounting Audit Commission · Financial Due Diligence Commission
Our company is a law firm and does not have a right to audit, but we appoint a qualified external accounting and audit firm under strict standards, then commit the relevant works and manage the whole progress.