Compliance Reviews: Reduce Risk and Stay in Control

Business owners and managers rely on finance and accounting teams to manage sensitive and high-risk areas such as accounting, tax, and payroll. However, many owners are not experts in Vietnamese regulations and may assume everything is compliant unless problems are reported.

In reality, gaps in knowledge, weak controls, or simple errors can create hidden compliance risks. A compliance review helps identify these risks early and gives management clear, practical guidance to address them.

What Is a Compliance Review?

A compliance review is an independent assessment of your accounting, tax, and payroll systems. It identifies weaknesses, non-compliance issues, and operational risks from a financial and regulatory perspective.

Typical risk areas include:

• Late or incorrect filings

• Calculation errors

• Incomplete or incorrect documentation

• Weak internal controls

• Non-compliance with Vietnamese laws

Compliance Review Report

You will receive a clear, structured report that includes:

1. An overview of key findings and overall risk exposure

2. Detailed issues identified, potential consequences, and recommended actions

3. A summary of reviewed areas with practical comments for management

Payroll & Labour Compliance Review

Payroll and labour compliance is one of the most complex and frequently inspected areas in Vietnam. Errors can result in penalties, back payments, and reputational risk.

Despite this, payroll systems are often not independently reviewed due to confidentiality concerns or reliance on internal HR teams.

MGI Consulting provides an independent, non-intrusive payroll and labour compliance review to help companies prepare for inspections and reduce regulatory exposure.

Scope of Payroll & Labour Review

Our review typically covers:

• Employment contracts, terminations, and work permits

• Personal income tax calculations, deductions, and reporting

• Social, health, and unemployment insurance contributions

• Payroll calculations, allowances, and employee entitlements

• Mandatory labour documents and statutory reports

Timeline and Process

For review periods of one year or less, the process usually takes around three weeks, covering data preparation, document review, and report issuance. Reviews covering multiple years may take one to two months, depending on record volume and response time.

Our process includes:

1. Document request and preparation

2. On-site review and staff interviews

3. Report preparation with findings and recommendations

4. Management discussion and rectification planning

Reports are issued in English and can be provided in Vietnamese upon request. Rectification support is available after the review.

Unsure whether your accounting, tax, or payroll systems are fully compliant in Vietnam?

MGI Consulting helps foreign-invested companies identify risks early, strengthen compliance, and prepare confidently for inspections.

Contact MGI Consulting today to discuss a compliance review tailored to your business and operational needs.