RESEARCH ON RESPONSIBILITIES FOR FINANCIAL STATEMENTS IN VIETNAMESE IRRIGATION AND DRAINAGE MANAGEMENT COMPANIES

Abstract

Financial statements in the enterprise are the means of transmitting an
important information system to prove the financial picture of the enterprise in
terms of capital, assets, income sources, added value, distribution method of
revenue, profit, consumption as well as storage of goods and services of the
enterprise. Ensuring the quality of financial statements to provide useful
information for users to help businesses operate effectively, thereby promoting
sustainable economic development is the responsibility of businesses. This study
surveyed the level of responsibility enforcement of Vietnamese Irrigation and
Drainage Management Companies (VIDMC) for their financial statements by
qualitative research method through semi-structured interviews and field surveys.
From the research results, the authors proposes a number of recommendations to
enhance the responsibility of VIDMC for the financial statements.