AUDIT SERVICES OF APARTMENT OPERATION FUND AND MAINTENANCE FUND

1. DESCRIPTION OF THE SERVICE

“AUDIT OF THE OPERATING FUND, THE APARTMENT MAINTENANCE FUND” is a support service for project investors, operations management boards, apartment management boards in particular and residents in general to check and verify the integrity of the apartment's financial reports regarding the revenue and expenditure during the management process. From there, it provides the most accurate information about the financial situation of income and expenditure in apartment management to determine compliance with established standards and compliance with state law.

2. SERVICE USERS

According to the provisions of the Law on Independent Audit No. 67/2011/QH12, issued on March 29, 2011, service users can mention the following:

- Organizations and enterprises using foreign investment capital operating in the field of construction investment or apartment management.

- Organizations and enterprises with capital contributed by the State and projects using other state capital prescribed by the Government for construction investment or apartment management activities.

- State-owned enterprises, except state-owned enterprises operating in the field of state secrets and operating in the field of construction investment or apartment management.

- The management board and residents need to audit the revenue and expenditure activities from the apartment's funds.

3. WORK CONTENT

- Check the apartment operating fund through auditing;

- Auditing the apartment maintenance fund through auditing operations;

- Provide a reasonable plan to check the contents of revenues and expenditures from the Maintenance Fund and Apartment Operation Fund;

- Issuing audit reports of the Operation Fund and Apartment Maintenance Fund;

- Support and advise on management, operations and tax obligations for businesses, Management Boards and Operations Management Boards.

4. STEPS TO IMPLEMENT SERVICES

The process of performing Apartment Fund audit services led by CPA HCM will be carried out as follows:

Step 1: Contact customers who need to audit the Apartment Fund to advise, answer questions and collect some basic information to complete the customer information survey and have an appropriate fee quote for the service.

Step 2: After agreeing to sign the contract, the Operations Department staff will discuss the Working Plan for service implementation and request documents to be provided for auditing.

Step 3: Carrying out professional activities such as interviewing, checking records, documents and related activities to serve the audit of the Apartment Fund.

Step 4: Communicate with customers about work performance results, advise, answer and warn about risks related to audit results.

Step 5: Issue reports, complete services and pay debts.

5. BENEFITS OF USING THE PRIVATE AUDIT SERVICE OF APARTMENT FUNDS AT CPA HCM

1. Bringing trust and improving the management of the Apartment Fund:

CPA HCM's Apartment Fund audit report will:

- Evaluate reasonableness and honesty according to accounting standards.

- Comply with legal regulations such as Circular on Regulations on Management and Use of Apartment Buildings, Housing Law 2014; Regulations on collection of apartment management fees and other related regulations.

- Evaluation of compliance, operations, effectiveness and efficiency in management and use of the unit's resources.

- Timely detect, prevent and advise on handling errors in the operations of enterprises and operating management units from the Fund's revenue and expenditure activities.

2. Transparency of Fund revenue and expenditure data:

With the Apartment Fund audit report performed by CPA HCM, the data will be verified for truthfulness and presented on the apartment's financial report regarding revenues and expenditures during the management process. From there, it creates the basis to provide the most accurate information about the financial situation of revenue and expenditure in the management of the apartment's Fund, which is the basis for the Fund handover meeting, the apartment building conference and announcement to the apartment's residents. populate.