Many businesses only discover accounting and tax errors at the year-end audit or during a tax inspection – by which time the cost of correction, penalties and late-payment interest can be substantial. HNAPA’s Monthly Advisory & Operations Monitoring service works like a dedicated internal control department, without needing to be based at your premises: HNAPA’s auditors and specialists follow your accounting operations every month, advise on how to handle issues as they arise and report directly to management whenever incorrect entries are identified.
Who This Service Is For
- Businesses without an internal control or internal audit function.
- Business owners and executives without an accounting background who need an independent view of their monthly figures.
- FDI companies with foreign management who need regular reporting on accounting and tax matters.
- Fast-growing businesses preparing for bank financing, fundraising or an audit.
Monthly Activities
- Reviewing supporting documents and the recording of the month’s transactions (risk-based sampling).
- Checking purchase and sales invoices; flagging high-risk invoices and suppliers showing irregularities.
- Reconciling cash, receivables and payables, inventory and material assets.
- Reviewing tax returns before filing: VAT, PIT and provisional CIT.
- Sending management a monthly early-warning report covering errors identified, risks and recommended remedies.
- Advising on issues as they arise by phone, Zalo and email throughout the contract term.
Benefits for Your Business
- Significantly lower cost than recruiting and retaining in-house internal control staff.
- Errors are identified and resolved within the month rather than left until year-end.
- Management stays informed of the company’s monthly financial and tax position through concise, easy-to-read reports.
- Your figures are always ready for audit, tax finalisation, or discussions with banks and investors.
How We Work
- Free assessment of your accounting function and needs.
- Proposal of a suitable scope of work and fee.
- Contract signing and set-up of communication channels and a reporting schedule.
- Monthly monitoring, advice and reporting.
- Year-end review, with recommendations to strengthen your accounting and internal control systems.
For HNAPA’s financial statement audit clients, the scope of this service is adjusted as appropriate to safeguard independence in accordance with the code of ethics for professional accountants and auditors.
