A cooperation agreement was signed recently between the Ministry of Finance and the global accounting body CPA Australia in a bid to strengthen the professional standards and legal framework as well as the internationalisation of the accounting and auditing profession in Vietnam.
“Vietnam’s growth and increasing engagement with the global economy heightens the need for professional accountants and auditors able to operate in this increasingly dynamic and globalised environment,” said CPA CEO Alex Malley.
“Vietnam’s membership of the World Trade Organisation and increasing engagement with the global economy have placed greater emphasis on building a legal framework geared to global integration, and this includes accounting and auditing. The importance of a strong legal framework to underpin the accounting profession and a skilled workforce to operate within this framework cannot be overemphasized,” he added.
Under the agreement, CPA Australia will provide technical support and international scope to strengthen the legal framework in auditing and accounting to align it more closely with international practices.
It will also facilitate capacity building and human resource development for the finance ministry by providing scholarships to its core staff, enabling them to pursue the CPA Programme.
CPA Australia also signed another cooperation agreement with the Foreign Trade University last Saturday. The agreement will enable the parties to collaborate on professional and career development for students and university teaching staff by providing them access to CPA Australia’s global networks and extensive events and seminar programme.
The university’s accounting programme is now recognised by CPA Australia, meaning graduates from these universities will get a number of credit exemptions in the CPA foundation programme.