Viod Successfully Organized 02 Internal Audit For Board Programs (IAFB1 & IAFB2)

Vietnam Institute of Directors (VIOD), in collaboration with International Finance Corporation (IFC) and Deloitte Vietnam successfully organized first 02 courses of Internal Audit Program for Board on March 20, 2019 in Ho Chi Minh City (IAFB1) and on March 22, 2019 in Hanoi (IAFB2). The program attracted active participation from Directors, Head of the Supervisory Board, Head of the Internal Audit, members of the Supervisory Board, members of the Management Board and representatives from State agencies.

The program provides an overview of Internal Audit to help senior leaders more effectively orient the establishment and operation of the Internal Audit function, thereby strengthen and improve governance-relevant activities in their companies. The program not only helped Board members get necessary knowledge about the functions of the Internal Audit in the company, but also updated on the newly issued Decree 05/2019/NĐ-CP at the beginning of this year. Although each company may have different type of approaches, the program delivered fundamental knowledge on this Decree 05/2019/NĐ-CP. Further, the program, with the sharing of representatives from State agencies, supported participants better understand the relevant regulations that need to be implemented.

With this 1-day intensive course, in addition to receiving in-depth knowledge and successful experiences sharing from senior experts on Corporate Governance and Internal Audit, participants were more likely to join in interactive discussions of case studies, actively share their own factual experiences and at the same time raised many questions and real situations going on in their enterprises so that they could exchange information and learn from each other. These made the program highly practical and appreciated by the participants.

Mr. Quach Chanh Dai Thanh Tam, Vice-chairman of KSB Industry Development Company Limited cum Head of Internal Control of Binh Duong Mineral and Construction Joint Stock Company shared: “The program was well-organized and professional in registration process, materials preparation, attendant welcome and comprehensive program content designing. More importantly, it offers connection opportunities for the participants to share and learn from each other”. Besides information on the Internal Audit in Vietnam, the sharing of best international practices on Corporate Governance was deeply impressive to him.

At the end of the program, participants get certificate of attendance and more especially, get connections with VIOD members and establish collaborative community of business leaders in Vietnam.

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