ECOVIS AFA VIETNAM AUDITING – APPRAISAL AND CONSULTING CO., LTD.

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Description

ECOVIS AFA Vietnam

As a young business established in 2014, ECOVIS AFA Vietnam has experienced strong development and become one of the leading professional services firms in Vietnam, especially in the central and central highlands of Vietnam.

With the motto “Always with the businesses”, we aim to provide high quality services to our valued customers through our expertise teams consisting of experienced partners together with qualified and professional staff.

We offer a full range of services being auditing, accounting, consulting, valuation, appraisal of property, finance and investment advisory, training and support for the recruitment of company.

The following advantages make the characteristic and quality of our services:

  • Full and deep understanding into the domestic and international market;
  • Wide knowledge of the characteristics of multiple business lines;
  • Regular participation in conferences on Appraisal, Accounting, Auditing, Financial and Tax standards of Vietnam;
  • Professional, well-qualified, dedicated and creative leaders and staff with highly experience working for leading audit firms in Vietnam, staff are also trained on a regular basis domestically and internationally;
  • Direct involvement of key personnel in audit activities to maximize the advisory and support to customers.

Financial statements audit and review

Providing audit services is always our strength. Our audit process and procedures are designed and applied on the basis of deep understanding of the operational characteristics and investment environment of our clients. Accordingly, we are able to provide a tailored audit package which satisfies our clients’ needs.

We can assist with:

  • Audit financial statements;
  • Review financial statements;
  • Review financial information based on agreed upon procedures;
  • Audit and convert financial statements prepared in accordance with the Vietnamese Accounting Standards and the Vietnamese Accounting System to International Accounting Standards;
  • Audit financial statements prepared in accordance with the International Financial Reporting Standards (IFRS);
  • Other audit services.

Audit of finalization of construction capital services

Construction is an operation with high complexity which often takes place during a long period of time with a substantial value. Management must comply with the current regulations of the State on Investment and Construction Management. Meanwhile, there are many guidance documents for legal regulations in this field and they change constantly. This has caused many difficulties in updating and applying the latest regulations and risks for business, management boards in compliance with the regulations of the State.

ECOVIS AFA’s audit process and procedures are designed and applied on the basis of a deep understanding of the regulations of the State on Investment and Construction Management.

Our scope of Audit of Finalization of Construction Capital Services comprises the following:

  • Examining and assessing the legality of the investment and compliance of the investment and construction procedures with the current regulations of the State;
  • Examining the total capital of construction, annual capital distribution over construction periods, total incurred capital for construction and annual incurred capital;
  • Examining finalization value of installation of construction item and total construction work;
  • Examining finalization value of materials and equipment;
  • Examining finalization value of investment consultancy expense, other expenses and the distribution of these expenses to construction items;
  • Examining construction finalization report and finalization documents.

Tax consulting service

Tax is a fundamental part in the operations of nations and companies. Tax policies need to be built clearly and managed actively by governments as well as businesses.

From the enterprise’s perspective, tax administration is an increasingly priority issue because the law becomes more and more complicated. We work with customers to set up tax policies and tax process to insure that the tax compliance responsibilities are implemented and the proper links with the market and government authorities. In this way, enterprise’s management can assure that tax administration is well managed and continue to focus on business operation management.

Our tax consultants are dedicated to providing customers with innovative and different tax solutions. Our approach begins by building a thorough understanding of the customer’s business operations, then we focus on minimizing risks and offering the most effective solutions to the tax issues of the customer.

Corporation tax

We have expertise and experience consultancy in many business fields and industries, including:

  • Construction;
  • Food & Beverage;
  • Hotels, Travel, Tourism;
  • Manufacturing;
  • Real estates;
  • Information technology.

Our tax advice helps FDI companies operating in Vietnam to take advantages of the lowest actual tax rates from proactively making tax plan in advance.

The market

We have advised many foreign investors on the effective tax structure for their investments. With our experience, we will support customers to consider all options and set up a business structure that satisfies the operation and tax requirements.

Tax planning for foreign personnel

With extensive knowledge and skills, we help customers control personal income tax at a minimum legally. We can manage a separate profile for each key personnel to maximize the available tax exemption or tax incentives.

Tax due diligence

We conduct tax due diligence for companies targeting merger and acquisition activities to analyze tax risks and status. We can combine this service with our Corporation Consultancy department to provide a comprehensive due diligence.

Tax review

Our Tax Review Service includes an overview of particular tax aspects to accentuate material issues that need to overcome in order to reduce tax risks. Through our extensive experience, we have identified the material risk aspects that many businesses do not completely comply with or often underestimate potential tax planning opportunities. Our Tax Review Service represents a cost-effective method for proactive risk management and reducing contingent problems arising in a tax inspection.

Value added tax

We understand the importance of healthy cash flow for business expansion. We are intuitive for growth and will support our customers’ growth by helping to standardize the policies and procedures that are being implemented in our customers’ businesses. By minimizing overpayments and increasing capital efficiency, the customers will be more ready to develop the business.

Working with state agencies

Liaising and working with authority agencies such as the Department of Planning and Investment as well as Tax authorities and Customs authorities might not be an easy task. Our tax consultants have established the long-lasting and good working relationships with these agencies at many levels to support customers when necessary. We also have a lot of negotiation
experience with relevant authorities on administrative procedures and understand how to explain professional issues to resolve disputes as efficiently as possible.

Consultancy services

The demand for equalization or listing, acquisition, merger, divestment or structure, restructuring or capital mobilization, business risk reduction, business process and internal control review are becoming essential in the new stage. With a team of experienced consultants who are knowledgeable about the market, we guarantee to provide the best quality consulting
services, as follows:

Business appraisal services

Our consultants have full experience in business appraisal. The appraisal may be carried out independently or partly in the process of equalization, listing or capital mobilization. We carry out the appraisal as a licensed appraisal firm as well as an independent valuer.

We intensively research on each economy, industry, business orientation and use international methods to provide independent quality and value for businesses.

Consulting on the equalization and preparing for listing

When the enterprises intend to equitize, privatize or Initial Public Offering (IPO), we will offer support by:Planning for equalization according to the international standards;

  • Recommend appropriate operating models and structures;
  • Support the Executive Board in preparation and reviewing the forecasts;
  • Identify key investors and partners;
  • Provide useful advices on corporate finance, profits maximizing and how to achieve the business’ targets.

Transaction Support

As current inevitable trend, the strategy of most growing businesses is to expand to the domestic and international market, in the form of establishing branches or acquiring companies in the target markets. Our role is to identify risks and minimize them in the expansion transactions, support investors and managers to make decisions confidently, timely support and consult at any stage of investment process.

We conduct investigations and due diligence and provide a complete analysis of business objectives such as:

  • The market and competitors;
  • Financial situation;
  • Capacity of management;
  • Ability to maintain position in the market;
  • Financial and cash flow forecast;
  • Working capital.

Services Upon Request

  • Careful planning and close coordination are the determinants for the success in business transactions. Our consultancy services upon request will support customers to maximize their strengths in the following fields:
  • Expanding the business ownership;
  • Capital management;
  • Developing alliance strategies;
  • Consulting of divestment strategy;
  • Reviewing effectiveness of strategies;
  • Assessing management activities.

Enterprises can develop effectively in the many fields such as merger, acquisition or resale, financial restructuring, business recovery, capital reduction, asset management with our support.

Business restructuring consultancy

Even if a company is operating effectively, it will still face certain difficulties and challenges, and when that happens, reducing losses and maximizing profits are the first priority, we understand that and can support in the following fields:

  • Promoting the business acquisition and merger;
  • Corporate restructuring;
  • Making arrangements with lenders;
  • Refinancing;
  • Supporting in finding investors;
  • Setting up business recovery strategy.

Management consultancy

We consult and support on legal procedures, review governance mechanisms, and then develop strategies for managers and businesses.

Management consultancy service under Benchmarking method

We can improve management policies and business operation processes with the ratios and standards regulated by the Organization for Economic Co-operation and Development (OECD), ensure business operations and meet the best management standards.

Enterprise Risk Management (ERM) Consultancy

As consultants and experts, we can help businesses increase the assertiveness in key risks management and dealing with business challenges.

We support businesses to identify important strategies and set up risk policies. Using our risk management consulting service can help businesses implement the management reconstruction and develop effectively strategies to solve the risks you will face.

Internal Audit Service

We provide internal audit services to the owners, managers and investors so that businesses can be assured that all risks of the business are under effective control.

Outsourcing Internal Audit Service

Our internal audit service has both outsourced forms and combined forms.

We assess the level of risk that businesses may encounter, identify the most vulnerable areas, develop appropriate working plans and risk reduction audit programs for customers.

Our staff will be dispatched to participate in the company’s internal audit activities with the assurance that they are selected according to qualifications the customer required.

Internal Audit Transformation Service

We can help customers assess their internal audit functions, identify the shortcomings at the present time and establish the best internal audit standards. We can support the development of the company’s audit skills to enhance the value of internal audit activities in the enterprise.

Business Process Review And Corporate Restructuring

We can help businesses improve business performance by offering business performance solutions. Our solutions are created based on links between individuals or organizations, technology and business processes.

Considering the industry characteristics and the specific demands of each business, our experts will research the business processes as a part of the foundation so that we can identify objectives, risks, control and then give appropriate recommendations. In addition, we can assess whether the customer’s organization structure and working capacity support the strategic objectives or not.

Design Documentations on Operation Process and Manual

Our objective is to help businesses improve their documentation on business system and processes to reflect current business procedures and best performance in the industry. The documents about processes can be presented in the form of flowcharts, diagrams or manuals.

Service on Smart Business Management Solutions and Business Analysis

We build charts report for each department and use all the data to have a clear view on the business, such as whether it is operating effectively or not, which factors contribute to the efficiency and expenses, etc.., therefore, we can advise better solutions.

The analysis method is used to assess important accounts, investigate agreements related fraud and achieve maximum effectiveness in financial auditing.

Consultancy on Frauds and Legal Risks

In most of companies, there is an estimated 7% of revenue lost due to fraud. We can help businesses reduce this risk and consult businesses about appropriate actions to detect and prevent them.

Assess the level of sensitivity to fraud

We will improve the business processes understanding to assess fraud sensitivity and identify fraud risk factors. Then, we can provide solutions to eliminate loopholes and effectively manage the identified risks.

Location

No. 142 Xo Viet Nghe Tinh Street, Hoa Cuong Ward Danang City