What are details of Circular 66/2024/TT-BTC on professional titles in the accounting field in Vietnam?
What are details of Circular 66/2024/TT-BTC on professional titles in the accounting field in Vietnam?
On September 06, 2024, the Minister of Finance in Vietnam issued Circular 66/2024/TT-BTC regulating the titles, codes, and professional standards for professional titles in the accounting specialty, and the promotion of professional titles from accountant to senior accountant in public service providers in Vietnam.
Circular 66/2024/TT-BTC regulates the titles, codes, and professional standards for professional titles in the accounting specialty and the promotion of professional titles from accountant to senior accountant in public service providers established by state-authorized agencies, political organizations, and socio-political organizations at the central, provincial, and district levels as prescribed by law.
Circular 66/2024/TT-BTC applies to public employees working in accounting positions and holding professional titles in the accounting specialty at public service providers established by state-authorized agencies, political organizations, and socio-political organizations at the central, provincial, and district levels as prescribed by law and to other organizations and individuals concerned.
Professional titles and codes for the accounting specialty include:
| No. | Title | Code |
|---|---|---|
| 1. | Principal Accountant (Class II) | Code: V. 06.030 |
| 2. | Accountant (Class III) | Code: V. 06.031 |
| 3. | Intermediate Accountant (Class IV) | Code: V. 06.032 |
What are details of Circular 66/2024/TT-BTC on professional titles in the accounting field in Vietnam? (Image from the Internet)
What are the standards for Intermediate Accountant (Class IV) from October 21, 2024?
According to Article 4 of Circular 66/2024/TT-BTC, the standards for the Intermediate Accountant (Class IV) from October 21, 2024, are as follows:
(1) Standards of professional competence
- Understand the policies and regulations related to accounting in the specific sector; know the specific regulations on accounting forms and methods applicable in the unit and sector;
- Clearly understand and comply with the Law on Accounting 2015, accounting standards, other legal regulations on accounting, accounting principles, financial policies, statistics, and related economic information; have the ability to concrete and effectively implement the guidelines and policies of the Communist Party and State laws in the assigned work area;
- Understand the basic principles of professional processes and the process of handling documents within the unit;
- Have the ability to acquire and understand the necessary skills such as using computers, accounting software, electronic documents, and performing tasks as directed by superiors;
- Skillfully use office equipment and other devices to meet the job requirements.
(2) Standards of professional ethics
Have professional ethics, honesty, integrity, and a sense of law obedience.
(3) Standards of education and training
- Hold a college degree or higher in accounting, auditing, finance;
- Possess a certificate of professional training for accounting titles or an auditor's certificate according to the Law on Independent Audit 2011 or an accountant's certificate according to the Law on Accounting 2015 or an accountant's certificate from a foreign organization or professional foreign organization recognized by the Vietnam Ministry of Finance.
* Public employees holding equivalent professional titles (Class V) with at least 03 years of service (excluding probationary and probation periods) by the date of submitting the application for promotion will be considered for promotion to the professional title of Intermediate Accountant (Class IV) according to Clause 16, Article 1 of Decree 85/2023/ND-CP dated December 07, 2023, of the Government of Vietnam.
What are the transitional provisions of Circular 66/2024/TT-BTC?
According to Article 8 of Circular 66/2024/TT-BTC, the transitional provisions are as follows:
- Public employees who have been appointed to professional titles in the accounting specialty according to the law before October 21, 2024, are considered to meet the professional and technical standards of the accounting professional titles regulated in Circular 66/2024/TT-BTC corresponding to the professional title already appointed; in case of promotion to a higher title, they must meet the conditions stipulated in Circular 66/2024/TT-BTC.
- Public employees holding professional titles in the accounting specialty with a certificate of completion of the training programs specified in Clause 4, Article 17 of Decree 101/2017/ND-CP dated September 01, 2017, of the Government of Vietnam on training and fostering officials and public employees or who were appointed to the professional titles of public employees in the accounting specialty before June 30, 2022, are exempt from participating in the training programs as per the standards of the corresponding professional titles stipulated in Circular 66/2024/TT-BTC.
Circular 66/2024/TT-BTC takes effect in Vietnam from October 21, 2024.
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