Suspend the auditor who signed the 2023 audit report of Quoc Cuong Gia Lai, SC5

According to the State Securities Commission, through the results of the 2024 audit service quality inspection at DFK Vietnam Auditing Company Limited, the audit records show that the auditors have not fully performed the audit procedures and have not collected sufficient appropriate audit evidence to give an opinion as required by the auditing standards. Therefore, the State Securities Commission will suspend the auditors from signing the audit report of the 2023 financial statements of the Joint Stock Company. Quoc Cuong Gia Lai (stock code QCG) and Construction Joint Stock Company No. 5 (stock code SC5) to inform about the audited financial statements of these companies for 2023.

A project of Quoc Cuong Gia Lai in Ho Chi Minh City

Responding to the document of the State Securities Commission, Quoc Cuong Gia Lai said that the Board of Directors will work with the auditing unit for the company's 2024 financial report to ensure that it meets the standards and conditions for auditing for public interest units and will be announced to shareholders as soon as possible. SC5 has not yet provided a written response.

From 2020 to present, DFK Vietnam Auditing Company is the auditing unit performing the financial statement audit for Quoc Cuong Gia Lai. The financial statement for 2022 was performed by UHY Auditing and Consulting Company Limited. Similarly, in 2022, 2021, 2023, SC5 Company was audited by DFK Auditing Company, and in 2022, it was audited by AASCS Auditing Company.

Recently, in early November, the Ministry of Public Security's Investigation Police Agency announced that in order to be considered for an extension of the Dai Ninh project, Mr. Nguyen Cao Tri - General Director of Saigon Dai Ninh Company - must prove his financial capacity and have a charter capital of 2,000 billion VND. To legalize the documents, Mr. Tri signed a contract with DFK Vietnam Auditing Company. The investigation agency stated that DFK Vietnam Auditing Company signed and issued an audit report on the situation of charter capital contributions of shareholders, determining the owner's capital contribution to be 2,000 billion VND despite insufficient evidence, and did not work with the board of directors, general director, and legal representative of Saigon Dai Ninh Company. From there, this agency recommended that the Ministry of Finance consider and strictly handle violations during the audit process of DFK Vietnam Auditing Company and related individuals...

Source: https://thanhnien.vn/dinh-chi-kiem-toan-vien-ky-bao-cao-kiem-toan-2023-cua-quoc-cuong-gia-lai-sc5-185241119084830435.htm