Is audit mandatory for companies in Vietnam?

Yes, audit is mandatory for certain companies in Vietnam, particularly foreign-invested enterprises and companies meeting specific regulatory thresholds.

These companies are generally required to prepare annual financial statements and have them audited by a licensed auditing firm in Vietnam. The audit is part of the broader compliance and tax reporting framework.

For example, a foreign-owned company operating in Vietnam will typically need to complete annual audits as part of its regulatory obligations.

For smaller domestic companies, audit requirements may vary depending on size and structure.