Currently, to participate in certain occupations, workers must satisfy the requirements of the state (if any). The government stipulates that employees must have a practicing certificate issued by a competent authority to work in a number of professions, including the profession of auditing. So, in this article, LSX legal firm would like to inform you: “Certificate of registration for audit practice in Vietnam”
Legal grounds
- Law on Accounting 2015
- Circular 202/2012/TT-BTC
Certificate of registration for audit practice
Certificate of registration for audit practice includes the following basic contents:
- Full name, year of birth, hometown or nationality, photos of the person who is issued certificate of registration for audit practice.
- Number and issuance date of the auditor’s certificate.
- Name of the auditing enterprise where the auditor registered to work as practitioner.
- Number of Certificate of registration for audit practice.
- The term of Certificate of registration for audit practice.
Conditions for registration of practicing audit
Firstly, meet the conditions for registration of auditing practice, including:
- As auditor;
- With real-time working as an auditor from the thirty-six (36) months or more in accordance with provisions in Clause 4 of this Article;
- Having enough time to update the knowledge as prescribed by the Ministry of Finance.
Secondly, submit all the required dossiers and follow the correct procedures to apply for a Certificate
The person who registers to practice auditing must prepare all documents in accordance with the provisions of law.
The practice registration application must have the certification of the legal representative of the auditing firm. Also, an application for issuance of the Certificate of Auditing Practice to the auditors registered to practice in the unit.
Submit the dossiers directly or by post to the Ministry of Finance through the audit firm.
Thirdly, pay the full fee
According to the provisions of Clause 2, Article 3 of Circular 271/2016/TT-BTC, the fee for the issuance of the Certificate of registration of audit practice for the first time is VND 1,200,000 per appraisal and re-issuance is 800,000 VND / appraisal time.
Those who can not register to practice accounting services
The following people must not register accounting practice:
- Officials and public employees; professional servicemen and officers; national defense workers and public employees, police officers.
- People banned from practicing accounting under an effective court’s judgment or decision; people undergoing criminal prosecution, people sentenced to imprisonment or were convicted of economic crimes or other crimes related to finance, accounting and have not had their criminal records expunged; Also, people put on probation, and people forcibly sent to reform schools or rehabilitation centers.
- People convicted of serious economic crimes and have not had their criminal records expunged.
- Any person that incurred a penalty for an administrative violation against regulations of law on finance, accounting, audit within the previous 06 months, if the penalty is a warning, or 01 years, if the penalty is other than a warning.
- People suspended from accounting practice.
Dossier for registration of auditing practice
- Firstly, an application for a certificate of registration for practicing audit in the form prescribed in Appendix No.01/DKHN issued together with Circular 202/2012/TT-BTC.
- Secondly, a copy of the full time labor contract in the auditing enterprise.
- Thirdly, a written confirmation of the actual time of working as an auditor in the form prescribed in Appendix No.04/DKHN issued together with Circular 202/2012/TT-BTC or the documents evidencing real-time working as an auditor or a written explanation accompanying documents evidencing real-time working as an auditor (except for the cases provided for in Article 16 of Circular 202/2012/TT-BTC).
- Fourthly, the personal information in the form prescribed in Appendix No.05/DKHN issued together with Circular 202/2012/TT-BTC.
- Fifthly, judicial record issued by a competent authority within six (06) months from the date of submission of the application for registration of audit practice.
- Sixthly, a copy of Auditor’s Certificate.
- Two 3x4cm color photos taken on a white background within a period of no more than six (06) months from the date of submission of the application for registration of audit practice.
- A copy of the decision to resign or the decision to terminate the labor contract at the workplace in front of the audit firm.
- Also, a copy of the Vietnamese work permit of the auditor who is a foreigner, unless the Vietnamese labor law stipulates that a work permit is not required.
- Lastly, documents proving the time of updating knowledge of auditors at international professional organizations on accounting and auditing in the case of timed updating of knowledge.
Procedures for registration of auditing practice
Step 1: Prepare and submit your application
The auditor prepares 1 set of documents including the above-mentioned documents and submits it directly or by post to the Ministry of Finance through the auditing firm.
The legal representative of the auditing enterprise shall consider, and review the dossier to ensure that the auditors must be eligible for registration to practice in their organization and shall sign to certify on the application for registration to the practice of each auditor.
Step 2: Receive and process documents
After receiving all documents from the audit firm, the Ministry of Finance considers and examines the dossier.
- In case having the need to clarify information in the practice registration dossier, the Ministry of Finance has the right to request the auditor or auditing firm to explain or provide documents (social insurance book, other documents) serving the inspection, comparison, verification of the working process and other information in the registration file for auditing practice.
- In case the auditor fails to add explanatory documents or the explanation documents do not fully prove that the information in the application for registration of practice is authentic, the Ministry of Finance has the right to refuse to register to practice auditing. Besides, The Ministry of Finance shall reply in writing and clearly state the reason.
Step 3: Return the result
Within 15 days from the date of receipt of an eligible and valid dossier, the Ministry of Finance shall consider and issue a registration certificate for audit practice in accordance with provisions. The date of issuance of the certificate of audit practice registration shall not be earlier than the effective date of the labor contract of the auditor working full time in an auditing enterprise.
Legal service of LSX Legal Firm
LSX legal firm provides legal services to clients in various legal areas. To make your case convenient, LSX will perform:
- Legal advice related to new regulations;
- Representing in drafting and editing documents;
- We commit the papers to be valid, and legal for use in all cases;
- Represent to submit documents, receive results, and hand them over to customers.
With a team of experienced, reputable, and professional consultants; The firm is always ready to support and work with clients to solve legal difficulties.
Furthermore, using our service, you do not need to do the paperwork yourself; We guarantee to help you prepare documents effectively and legally.
Also, you will not have to waste time preparing the application, submitting application, or receiving results. At those stages, we will help you do it smoothly.
After all, LSX provides the service with the desire that customers can experience it the best way. Additionally, we guarantee the cost to be the most suitable and economical for customers.
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Related questions
Firstly, certificate of registration for audit practice expires.
Secondly, certificate of registration for audit practice is lost.
Thirdly, certificate of registration for audit practice is damaged.
Firstly, comply with professional ethics, be truthful, integrated, and abide by law.
Secondly, have professional accounting knowledge and skills.
Accountants must comply with regulations of law on accounting, perform given tasks, and take responsibility for their performance. When an accountant is replaced, the replaced accountant shall hand over his/her works and documents to the replacing accountant. The replaced accountant is still responsible for the accounting works done during his/her practice.
Contact LSX
Finally, hope this article is useful for you to answer the question about “Certificate of registration for audit practice in Vietnam”. If you need any further information, please contact LSX Law firm: +84846175333 or Email: [email protected]
Conclusion: So the above is Certificate of registration for audit practice in Vietnam. Hopefully with this article can help you in life, please always follow and read our good articles on the website: lsxlawfirm.com
