13 Firms Approved to Conduct Audits by State Securities Commission

The State Securities Commission (SSC) has approved the 13 independent auditing firms below to provide auditing services for securities issuers, listed firms and securities companies in 2008.

They are:
1. CA&A Consultant and Auditing Company Limited
2. Auditing and Accounting Services Company Limited (AASC)
3. Vietnam Auditing and Accounting Consultant Company Limited (AVA)
4. Dat Viet Auditing and Consulting Company Limited (Vietland)
5. International Financial Consultancy and Auditing Company Limited (IFC)
6. Chuan Viet Consulting and Auditing Company Limited (Vietvalues)
7. Phuong Dong ICA Auditing Company Limited (PCA)
8. Hanoi Accounting and Auditing Company Limited (CPA Hanoi)
9. UHY Consulting and Auditing Services Company Limited
10. AS Auditing Company Limited
11. Vietnam Auditing Company
12. Southern Auditing and Accounting Financial Consulting Services Company Limited (AASCS)
13. Vietnam ASNAF Auditing Company Limited

Let's hope these auditing firms can remain truely independent. As we know, the reliability of the audited financials will depend on the automony of the auditing firm, interpretation of accounting rules, conflicts of interest, and the integrity of management.