Companies urged to be more transparent

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VietNam News English - 102 month(s) ago 7 readings

HCM CITY Transparency in finance and auditing will help Vietnamese firms better manage risks in the international marketplace, according to experts.

It would also help improve internal control, leading professionals were told at a workshop organised yesterday by the French-Vietnamese Management Education Center in collaboration with Viet Nam Chamber of Commerce and Industry and Eurocham.

The workshop intended to acquaint Vietnamese chief financial officers and controllers, managers and chief accountants, as well as auditors and consultants, with international control and risk management mechanisms.

Leading experts in the field including the founder of Hong Kong s Interaudit Asia, J Y Le Corre, and partner of Vietvalues auditing and consulting company, Lim Chor Ghee, made presentations at the workshop.

They highlighted corporate governance and internal control challenges in Viet Nam and presented some main tools and techniques for achieving efficiencies.

Discussions explored how internal control and risk practices could be implemented in different cultures and environments based on the international best practices, and the challenges professionals faces in these areas.

The case study of a public-listed Vietnamese company Vinamilk was used to illustrate the benefits of implementing international risk management mechanisms. VNS

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