State-owned giants to be audited in 2014                                    It is expected that 184 companies will be audited in 2014, including 43 state-owned corporations and groups, according to the State Audit of Vietnam.   The number of firms selected for audit this year is 35 more than in 2013. This year's list includes big state-owned corporations and groups such as military-run Telecommunications Group (Viettel), Bao Viet Group, Vietnam Cement Industry Corporation (Vichem), Petrolimex Joint Stock Insurance Company (PJICO), the Debt and Asset Trading Corporation (DATC), among others. The audits will focus on assessment of overall financial conditions and the effectiveness of production, business and non-core investments, particularly concerning the restructuring of state-owned corporations, groups and commercial banks. After the audits, the State Audit of Vietnam will submit their proposals for better implementing the restructuring to the government and the National Assembly, said Nguyen Huu Van, head of the State Audit of Vietnam. The audits will be carried out more carefully, with extra attention paid to collect evidences for violations, including corruption at companies. Van admitted the low quality of a number of previous audits. He said that, after finishing 51 among 149 audits in 2013, the State Audit of Vietnam proposed settling on compensations of VND8.963 trillion (USD428 million), which added VND1.39 trillion to the state budget. The agency also recommended dealing with wrongdoings of 54 organisations and agencies as well as 13 individuals. dtrinews.vn