1. I
v
rn Z*8
[ 2 I MAR 2ol3 ))
Article 4:
Article 5:
As regulated on vietnamese standard on Auditing no 580, party B will request
management of Pa(y A to provide Paffy B with a representation letter
acknowledging management's responsibility for the preparation of the financial
statements and affirming management's belief that the effects of any uncorrected
financial statement misstatements aggregated by Party B during the current audit
engagement and pertaining to the latest period presented are immaterial, both
individually and in aggregate, to the financial statements taken as a whole.
Making payment of service fee as article 5 on a timely basis.
Responsibilities of Party B
Palty B shall be responsible for (1) ensuring compliance with the prevailing
standards on auditing (as specified in Article 2), (z) designing and informing party A
the audit contents and audit plan; implementing the work as planned and in
accordance with the principles of independence, objectiveness and confidentiality,
(3) delegating competent and experienced auditors to perform the audit, (4) reporting
to the management of Party A any fraud or illegal acts of which it becomes aware of
or have been detected or otherwise come to its attention during the course of its
audit, and
Party B will provide Party A with such Audit Report as on Article 4.
Reporting
Upon completion of the audit, Party B shall deliver to Party A 6 (six) copies each of
Auditors' Report in English and Vietnamese for the year ending 3l December 2012.
Auditors' Report is prepared in accordance with Vietnamese Standards on Auditing.
Fee and Payment Method
1) The total fee for the described services in Article 1 is vID57,000,000
(In words: Fifty seven million Vietnamese Dong only)
The above fee is exclusive of Value Added Tax at the rate of l0%.
2) Payment method
o l't payment: VNID 30,000,000
After Party B's staff observe the Party A's stocktaking performance.
? zon payment: The remaining
Upon issuance of audit report and receipt of necessary documents including:
l. VAT invoice
2. Audit report as Article 4
The fee will be payable by transfer to Party B's account. Party B reserves the right to
raise a finance charge at the maximum rate permitted by law on any term of payment-
based-billing not paid within 15 working days after the billing date.
BY: ----Wr3-e55)-----