Recently, the Government of Vietnam has issued Decree 41/2018/ND-CP stipulating the administrative penalties for violations in the fields of accounting and independent auditing.
Decree 41/2018/ND-CP on Administrative Penalties in the Field of Accounting and Auditing
In Decree 41/2018/ND-CP, the specific penalties for violations are clearly outlined, including:
- Violations in the accounting work;- Violations concerning the accountant certification exam and the updating of knowledge for practicing accountants and individuals registering to practice accounting services;- Violations in practicing accounting services;- Violations in the business of accounting services;- Violations of regulations on providing and using cross-border accounting services;- Violations of regulations on notifications and reports;- Violations of regulations on the inspection of accounting service activities;- Forms and levels of penalties in the field of independent auditing;- ....
Decree 41/2018/ND-CP takes effect from May 1, 2018, replacing Decree 105/2013/ND-CP.