On 28/12/2019, State Audit promulgated Decision No. 03/2018/QĐ-KTNN Instructions on audit evidence. This Decision takes effect from 11/02/2019.
Accordingly, Decision No. 03/2018/QĐ-KTNN regulates the completeness of audit evidence consists of:
– Is the evaluation criteria for the number of audit evidence. The quantity of audit evidence to be collected is influenced by the State Auditor’s assessment of the risk of material errors and the quality of the audit evidence;
– The completeness of audit evidence does not set a specifical number, it depends on the expert judgment of State Audit, it means State Audit has to evaluate factors that directly affect to the completeness such as assessment of the risk of material errors and the quality of the audit evidence collected. The higher-level risk of material errors, the more evidence of audit need to be collected, the higher the quality of each audit evidence, may need less of audit evidence to be collected;
– The completeness of audit evidence ask state auditor has to collect needed evidence to ensure for enough bases for supporting state auditor to giving their evaluation, confirmation, conclusion and audit recommendations;
– Audit evidence has to get the completeness for a state auditor having experience but has not any information before about the audit may take the result of audit procedures that conducted, understand the bases of setting the evaluation, confirm, conclusion and audit recommendations.
It can be seen that the Decision No. 03/2018/QĐ-KTNN has specific guidelines on the adequacy of audit evidence, thereby contributing to the collection, proof, and synthesis of this evidence. will be implemented fully, accurately, openly and transparently.