Internal Audit Services
Independent Assurance – Practical Insights – Lasting Value
At W&A Consulting, we understand that effective internal audit is not just about identifying risks but about creating real value for your business. Our Internal Audit services are designed to provide independent assurance on your governance, risk management, and compliance frameworks, while offering practical recommendations that strengthen your organization’s resilience and performance.
With a multidisciplinary team of professionals experienced in tax, legal, finance, and operations, we deliver solutions tailored to the unique challenges of both foreign-invested enterprises and Vietnamese businesses.
Why Internal Audit Matters
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Risk Prevention & Mitigation: Identifies control gaps and prevents fraud, error, or financial misstatement before they escalate.
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Regulatory Compliance: Ensures adherence to Vietnam’s evolving tax, legal, and financial regulations, reducing the risk of penalties and reputational harm.
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Operational Efficiency: Highlights process inefficiencies and proposes improvements that save time and cost.
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Investor & Board Confidence: Provides stakeholders with assurance that the company is managed with discipline and transparency.
Our Internal Audit Approach
We combine international best practices (COSO, IIA Standards) with a deep understanding of Vietnamese business regulations and practices. Our methodology focuses on:
1. Planning & Risk Assessment
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Understanding your business model, processes, and key risk areas
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Developing a tailored audit plan based on risk prioritization
2. Evaluation of Internal Controls
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Reviewing policies, procedures, and segregation of duties
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Assessing IT systems and data security controls
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Testing transaction-level and process-level controls
3. Compliance Audit
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Assessing compliance with Vietnam’s tax, labor, social insurance, and accounting regulations
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Reviewing compliance with internal corporate policies and group reporting requirements
4. Operational & Financial Audit
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Evaluating efficiency of procurement, sales, inventory, and treasury processes
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Reviewing financial reporting processes for accuracy and timeliness
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Identifying potential cost-saving and performance-enhancing opportunities
5. Reporting & Recommendations
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Delivering a clear and structured audit report
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Highlighting findings, root causes, and associated risks
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Providing actionable recommendations with prioritization for management
6. Follow-up & Continuous Support
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Monitoring implementation of corrective actions
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Advising management on strengthening controls and updating policies
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Supporting ongoing compliance in line with regulatory changes
Areas of Coverage
Our internal audit services extend across a wide range of business functions, including:
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Finance, accounting, and treasury management
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Procurement and vendor management
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Sales, distribution, and receivables
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Human resources, payroll, and social insurance compliance
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Tax compliance and reporting
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IT systems and data protection
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Customs, import–export, and supply chain management
Why Choose W&A Consulting?
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Multidisciplinary Expertise: Our team includes lawyers, certified accountants, tax advisors, and former Big4 consultants.
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Local & International Perspective: We align international standards with Vietnam’s specific regulatory environment.
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Tailored Solutions: We adapt to your industry, business size, and risk profile, instead of offering a “one-size-fits-all” audit.
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Action-Oriented Reports: We focus on clear, practical recommendations rather than lengthy theoretical observations.
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Trusted by Foreign-Invested Enterprises: We are proud to support leading clients across manufacturing, logistics, retail, e-commerce, and services.
Deliverables You Can Expect
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Internal Audit Charter and Risk-Based Audit Plan
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Detailed Internal Audit Reports with executive summaries
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Heat maps of risks and control gaps
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Practical, prioritized recommendations for improvement
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Follow-up review reports on corrective action implementation