A Recommended Strategic Model to Change the Audit Process of the State Audit Office of Vietnam

Le Anh Minh

doi:doi:10.11648/j.ijber.20180704.11

| Peer-Reviewed

A Recommended Strategic Model to Change the Audit Process of the State Audit Office of Vietnam

Le Anh Minh

Published in International Journal of Business and Economics Research (Volume 7, Issue 4)

Received: 12 June 2018 Accepted: 4 July 2018 Published: 31 July 2018

Views: Downloads:

Download PDF

Share This Article

Twitter
Linked In
Facebook

Abstract

The audit process of the State Audit Office of Vietnam (SAV) has inherent limitations and weaknesses that need to be addressed in order to keep pace with the development of the SAV. This paper aims to improve the SAV to meet international auditing standards of the Organization for Economic Co-operation and Development (OECD). It will use the Australian Government audit process as a direct comparison in order to identify issues in the change management processes required for the SAV and to propose a methodology to resolve these issues. Although research methodology focused on semi-structured in-depth individual interviews, document review was used to supplement the overall data. The research findings indicate agreement over previous attempts by the literature review. These findings suggested that the change management process may face various issues arising from personal barriers to the change, the SAV culture, application of technology to auditing, costs for the change, the SAV auditor human resource quality and training, and the SAV organizational and operational model. The proposed strategic framework to resolve these issues addressed removing personal barriers to the change, improving infrastructure, human resource, training and legal framework of the SAV, and implementing changes in the SAV culture. These outcomes may assist the SAV in providing the proposed recommendation for the strategic model to change the audit process of the SAV.

Published in	International Journal of Business and Economics Research (Volume 7, Issue 4)
DOI	10.11648/j.ijber.20180704.11
Page(s)	79-87
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2018. Published by Science Publishing Group

Keywords

SAV, OECD, Australia, Audit Process, Auditing Standards

References

[1]	State Audit Office of Vietnam. (2013). The action plan to implement the SAV’s development strategy for the period 2013 - 2017. Hanoi, VN: Author.
[2]	National Assembly of the Socialist Republic of Vietnam. (2015). The State Audit Law 2015 of Vietnam. Hanoi, VN: Author.
[3]	State Audit Office of Vietnam. (2016a). The Auditing Process of the State Audit Office of Vietnam. Hanoi, VN: Author.
[4]	National Assembly Standing Committee of the Socialist Republic of Vietnam. (2010). The SAV’s Development Strategy to the year 2020. Hanoi, VN: Author.
[5]	International Organisation of Supreme Audit Institutions. (2016). ISSAI 5000: Audit of International Institutions Guidance for Supreme Audit Institutions (SAIs). Copenhagen, DK: Author.
[6]	Ngo, V. N. (2008). The improvement of the organizational and operational model of the State Audit Office of Vietnam (Unpublished doctoral dissertation). National Library of Vietnam, Hanoi, VN.
[7]	State Audit Office of Vietnam. (2017a). The Audit Process for financial institutions and banks. Hanoi, VN: Author.
[8]	State Audit Office of Vietnam. (2017b). The Audit Process for state-owned enterprises. Hanoi, VN: Author.
[9]	State Audit Office of Vietnam. (2017c). The Audit Process for Construction Projects. Hanoi, VN: Author.
[10]	State Audit Office of Vietnam. (2017d). The Audit Process for Targeted National Programs. Hanoi, VN: Author.
[11]	State Audit Office of Vietnam. (2017e). The Audit Process for the State Budget. Hanoi, VN: Author.
[12]	State Audit Office of Vietnam. (2016b). The Auditing Quality Control Regulations of the State Audit Office of Vietnam. Hanoi, VN: Author.
[13]	State Audit Office of Vietnam. (2016c). The Auditing Standards of the State Audit Office of Vietnam. Hanoi, VN: Author.
[14]	Moeller, R. (2010). IT Audit, Control and Security. New Jersey, NE: John Willey & Sons.
[15]	The Treasury of Australian Government. (2010). Audit quality in Australia: Strategic Review. Canberra, AU: Author.
[16]	Arens, A. A., Best, P. J., Shailer, G. E. P., Fiedler, B. A., Elder, R., and Beasley, M. (2017). Auditing, Assurance Services & Ethics in Australia: An integrated approach (10th ed.). Melbourne, AU: Pearson.
[17]	Institute of Chartered Accountants in England and Wales. (2016). Knowledge guide to UK Auditing Standards. London, UK: Author.
[18]	Organization for Economic Co-operation and Development. (2018). Secretary-General’s Report to Ministers 2018. Paris, PR: Author.
[19]	Nicoll, P. (2016). Audit in a Democracy: The Australian Model of Public Sector Audit And Its Application to Emerging Markets. Uxbridge, UK: Routledge.
[20]	Australian Auditing and Assurance Standards Board. (2018). Australian Auditing Standards. Melbourne, AU: Author.
[21]	Australian Auditing and Assurance Standards Board. (2017c). Auditing Standard ASA 800: Special Considerations - Audits of Financial Reports Prepared in Accordance with Special Purpose Frameworks. Melbourne, AU: Author.
[22]	Australian National Audit Office. (2017). The Auditor-General Annual Report 2016-2017. Canberra, AU: Author.
[23]	Dahanayake, S. J. (2007). Public Sector Auditing: The Australian experience. Institute of Chartered Accountants of Sri Lanka, 42 (2), 9-14.
[24]	Tran, V. N. (2011, March). Managing Organizational Change from the Middle. Paper presented at the ACMP Global Conference, Orlando, FL.
[25]	Hehir, G. (2017, December). The challenges of achieving quality in a standards-based approach to auditing in the public sector. Paper presented at the Australian National Centre for Audit And Assurance Research (ANCAAR) 15th ANCAAR Audit Research Forum, Canberra, AU.
[26]	McPhee, I. (2011, October). The evolving role and mandate of the Australian National Audit Office since federation. Senate Occasional Lecture presented at the Parliament House, Canberra, AU.
[27]	Australian National Audit Office. (2018b). ANAO Risk Management Framework 2017-18. Canberra, AU: Author.
[28]	Australian Auditing and Assurance Standards Board. (2017b). Auditing Standard ASA 450: Evaluation of Misstatements Identified during the audit. Melbourne, AU: Author.
[29]	Australian Auditing and Assurance Standards Board. (2017a). Auditing Standard ASA 240: the auditor’s responsibility to consider fraud in an audit of financial report. Melbourne, AU: Author.
[30]	Carson, E., Fargher, N., and Zhang, Y. (2017). Trends in auditor reporting in Australia: a synthesis and opportunities for research. Australian Accounting Review, 26 (3), 226-242.
[31]	Australian National Audit Office. (2010). Fraud control in Australian government agencies. Canberra, AU: Author.
[32]	Australian National Audit Office. (2018a). ANAO 2017–18 Corporate Plan. Canberra, AU: Author.
[33]	Glynn, K., Ben, B., and Chartered Accountants Australia and New Zealand. (2017). Australian Audit Manual and Toolkit 2017: Small and Medium Sized Entities (7th ed.). New South Wales, AU: Thomson Reuters (Professional) Australia Limited.
[34]	Lombardi, D., Bloch, R., and Vasarhelyi, M. (2014). The Future of Audit. Journal of Information Systems and Technology Management. 11, 21-32.
[35]	McPhee, I. (2011, October). The evolving role and mandate of the Australian National Audit Office since federation. Senate Occasional Lecture presented at the Parliament House, Canberra, AU.
[36]	United States Government Accountability Office. (2006). Sarbanes-Oxley Act: Consideration of Key Principles needed in addressing Implementation for Smaller Public Companies. Washington, DC: Author.
[37]	Sah, N. K. (2016). Leveraging Technology for enhancing Public Audit. Asian Journal of Government Audit, October 2016, 10-18.
[38]	Mustapha, M., and Lai, S. J. (2017). Information Technology in Audit Processes: An Empirical Evidence from Malaysian Audit Firms. International Review of Management and Marketing, 7, 53-59.
[39]	Information Systems Audit and Control Association. (2013). IT Audit and Assurance Standards and Guidelines. Schaumburg, IL: Author.
[40]	Lunenburg, F. C. (2010). Approaches to Managing Organizational Change. International Journal of Scholarly Academic Intellectual Diversity, 12 (1), 1-10.
[41]	British Educational Communications and Technology Agency. (2004). Change management. Coventry, UK: Author.
[42]	Andriopoulos, C., and Dawson, P. (2009). Managing Change, Creativity & Innovation. London, UK: Sage.
[43]	Myers, P., Hulks, S., and Wiggins, L. (2012). Organizational Change: Perspectives on Theory and Practice. Hampshire, UK: Ashford.
[44]	Burnard, P., Gill, P., Stewart, K., Treasure, E., and Chadwick, B. (2008). Analysing and presenting qualitative data. Bristish Dental Journal, 204, 429-432.
[45]	Newell, R., and Burnard, P. (2006). Research for Evidence-Based Practice. Oxford, UK: Blackwell.

Cite This Article

Plain Text BibTeX RIS

APA Style

Le Anh Minh. (2018). A Recommended Strategic Model to Change the Audit Process of the State Audit Office of Vietnam. International Journal of Business and Economics Research, 7(4), 79-87. https://doi.org/10.11648/j.ijber.20180704.11

Copy | Download

ACS Style

Le Anh Minh. A Recommended Strategic Model to Change the Audit Process of the State Audit Office of Vietnam. Int. J. Bus. Econ. Res. 2018, 7(4), 79-87. doi: 10.11648/j.ijber.20180704.11

Copy | Download

AMA Style

Le Anh Minh. A Recommended Strategic Model to Change the Audit Process of the State Audit Office of Vietnam. Int J Bus Econ Res. 2018;7(4):79-87. doi: 10.11648/j.ijber.20180704.11

Copy | Download

@article{10.11648/j.ijber.20180704.11,
  author = {Le Anh Minh},
  title = {A Recommended Strategic Model to Change the Audit Process of the State Audit Office of Vietnam},
  journal = {International Journal of Business and Economics Research},
  volume = {7},
  number = {4},
  pages = {79-87},
  doi = {10.11648/j.ijber.20180704.11},
  url = {https://doi.org/10.11648/j.ijber.20180704.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20180704.11},
  abstract = {The audit process of the State Audit Office of Vietnam (SAV) has inherent limitations and weaknesses that need to be addressed in order to keep pace with the development of the SAV. This paper aims to improve the SAV to meet international auditing standards of the Organization for Economic Co-operation and Development (OECD). It will use the Australian Government audit process as a direct comparison in order to identify issues in the change management processes required for the SAV and to propose a methodology to resolve these issues. Although research methodology focused on semi-structured in-depth individual interviews, document review was used to supplement the overall data. The research findings indicate agreement over previous attempts by the literature review. These findings suggested that the change management process may face various issues arising from personal barriers to the change, the SAV culture, application of technology to auditing, costs for the change, the SAV auditor human resource quality and training, and the SAV organizational and operational model. The proposed strategic framework to resolve these issues addressed removing personal barriers to the change, improving infrastructure, human resource, training and legal framework of the SAV, and implementing changes in the SAV culture. These outcomes may assist the SAV in providing the proposed recommendation for the strategic model to change the audit process of the SAV.},
 year = {2018}
}

Copy | Download

TY  - JOUR
T1  - A Recommended Strategic Model to Change the Audit Process of the State Audit Office of Vietnam
AU  - Le Anh Minh
Y1  - 2018/07/31
PY  - 2018
N1  - https://doi.org/10.11648/j.ijber.20180704.11
DO  - 10.11648/j.ijber.20180704.11
T2  - International Journal of Business and Economics Research
JF  - International Journal of Business and Economics Research
JO  - International Journal of Business and Economics Research
SP  - 79
EP  - 87
PB  - Science Publishing Group
SN  - 2328-756X
UR  - https://doi.org/10.11648/j.ijber.20180704.11
AB  - The audit process of the State Audit Office of Vietnam (SAV) has inherent limitations and weaknesses that need to be addressed in order to keep pace with the development of the SAV. This paper aims to improve the SAV to meet international auditing standards of the Organization for Economic Co-operation and Development (OECD). It will use the Australian Government audit process as a direct comparison in order to identify issues in the change management processes required for the SAV and to propose a methodology to resolve these issues. Although research methodology focused on semi-structured in-depth individual interviews, document review was used to supplement the overall data. The research findings indicate agreement over previous attempts by the literature review. These findings suggested that the change management process may face various issues arising from personal barriers to the change, the SAV culture, application of technology to auditing, costs for the change, the SAV auditor human resource quality and training, and the SAV organizational and operational model. The proposed strategic framework to resolve these issues addressed removing personal barriers to the change, improving infrastructure, human resource, training and legal framework of the SAV, and implementing changes in the SAV culture. These outcomes may assist the SAV in providing the proposed recommendation for the strategic model to change the audit process of the SAV.
VL  - 7
IS  - 4
ER  -

Copy | Download

Author Information

Le Anh Minh

Vietnam Meteorological and Hydrological Administration, Vietnam's Ministry of Natural Resources and Environment, Hanoi, Vietnam

Download PDF

Sections

Plain Text BibTeX RIS

APA Style

Le Anh Minh. (2018). A Recommended Strategic Model to Change the Audit Process of the State Audit Office of Vietnam. International Journal of Business and Economics Research, 7(4), 79-87. https://doi.org/10.11648/j.ijber.20180704.11

Copy | Download

ACS Style

Le Anh Minh. A Recommended Strategic Model to Change the Audit Process of the State Audit Office of Vietnam. Int. J. Bus. Econ. Res. 2018, 7(4), 79-87. doi: 10.11648/j.ijber.20180704.11

Copy | Download

AMA Style

Le Anh Minh. A Recommended Strategic Model to Change the Audit Process of the State Audit Office of Vietnam. Int J Bus Econ Res. 2018;7(4):79-87. doi: 10.11648/j.ijber.20180704.11

Copy | Download

@article{10.11648/j.ijber.20180704.11,
  author = {Le Anh Minh},
  title = {A Recommended Strategic Model to Change the Audit Process of the State Audit Office of Vietnam},
  journal = {International Journal of Business and Economics Research},
  volume = {7},
  number = {4},
  pages = {79-87},
  doi = {10.11648/j.ijber.20180704.11},
  url = {https://doi.org/10.11648/j.ijber.20180704.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20180704.11},
  abstract = {The audit process of the State Audit Office of Vietnam (SAV) has inherent limitations and weaknesses that need to be addressed in order to keep pace with the development of the SAV. This paper aims to improve the SAV to meet international auditing standards of the Organization for Economic Co-operation and Development (OECD). It will use the Australian Government audit process as a direct comparison in order to identify issues in the change management processes required for the SAV and to propose a methodology to resolve these issues. Although research methodology focused on semi-structured in-depth individual interviews, document review was used to supplement the overall data. The research findings indicate agreement over previous attempts by the literature review. These findings suggested that the change management process may face various issues arising from personal barriers to the change, the SAV culture, application of technology to auditing, costs for the change, the SAV auditor human resource quality and training, and the SAV organizational and operational model. The proposed strategic framework to resolve these issues addressed removing personal barriers to the change, improving infrastructure, human resource, training and legal framework of the SAV, and implementing changes in the SAV culture. These outcomes may assist the SAV in providing the proposed recommendation for the strategic model to change the audit process of the SAV.},
 year = {2018}
}

Copy | Download

TY  - JOUR
T1  - A Recommended Strategic Model to Change the Audit Process of the State Audit Office of Vietnam
AU  - Le Anh Minh
Y1  - 2018/07/31
PY  - 2018
N1  - https://doi.org/10.11648/j.ijber.20180704.11
DO  - 10.11648/j.ijber.20180704.11
T2  - International Journal of Business and Economics Research
JF  - International Journal of Business and Economics Research
JO  - International Journal of Business and Economics Research
SP  - 79
EP  - 87
PB  - Science Publishing Group
SN  - 2328-756X
UR  - https://doi.org/10.11648/j.ijber.20180704.11
AB  - The audit process of the State Audit Office of Vietnam (SAV) has inherent limitations and weaknesses that need to be addressed in order to keep pace with the development of the SAV. This paper aims to improve the SAV to meet international auditing standards of the Organization for Economic Co-operation and Development (OECD). It will use the Australian Government audit process as a direct comparison in order to identify issues in the change management processes required for the SAV and to propose a methodology to resolve these issues. Although research methodology focused on semi-structured in-depth individual interviews, document review was used to supplement the overall data. The research findings indicate agreement over previous attempts by the literature review. These findings suggested that the change management process may face various issues arising from personal barriers to the change, the SAV culture, application of technology to auditing, costs for the change, the SAV auditor human resource quality and training, and the SAV organizational and operational model. The proposed strategic framework to resolve these issues addressed removing personal barriers to the change, improving infrastructure, human resource, training and legal framework of the SAV, and implementing changes in the SAV culture. These outcomes may assist the SAV in providing the proposed recommendation for the strategic model to change the audit process of the SAV.
VL  - 7
IS  - 4
ER  -

Copy | Download