Enhancing the role of the State Audit Office of Vietnam in perfecting mechanisms, policies, and laws in general, and the Law on Enterprises in particular

Abstract

With its position as an agency established by the National Assembly, shall act independently and obey the law only, exercises audits of the management and use of public finance and property, the State Audit Office of Vietnam (SAV) plays a crucial role in perfecting mechanisms, policies, and laws. The practical audit activities of SAV over the past years have resulted in recommendations to amend, supplement, replace, or abolish thousands of legal documents and managerial documents that were contrary to regulations or inappropriate in practice. This has promptly addressed "loopholes" in mechanisms and policies, preventing loss and waste, tightening financial discipline and order, and contributing to the soundness of the national finance. Based on this, the article proposes a number of fundamental solutions to enhance the role of SAV in perfecting mechanisms, policies, and laws in general, and the Law on Enterprises in particular.