Does the increase in number of accounting practitioners at accounting firms have to be notified in Vietnam?

Does the increase in number of accounting practitioners at accounting firms have to be notified in Vietnam?

Our company is a sole proprietorship providing accounting services. We have just added 1 accounting practitioner. The number of accountants has increased by 1 compared to the registration. I heard that when increasing the number of accountants, it is necessary to notify. I'm not sure who to notify? How long is the notification period? Please advise.

Reply:

Pursuant to Clause 1, Article 66 of the Accounting Law 2015 stipulates:

1. Within 10 days from the occurrence of any of the changes below, the accounting firm must send a written notification to the Ministry of Finance:

a) Changes to the list of accounting practitioners in the firm;

b) One, some, or all of the conditions for provision of accounting services specified in Article 60 of this Law are not satisfied;

c) Changes to the firm’s name or headquarters’ address;

d) Changes to the Director, General Director, legal representative, or holdings of members/partners;

dd) Suspension of provision of accounting services;

e) Establishment, shutdown, or changes to the names of addresses of the accounting firm’s branches;

g) Total division, partial division, acquisition, consolidation, conversion, or dissolution of the accounting firm.

According to this Article, Point a of this Article regulates the case of changing the list of accounting practitioners at the enterprise in Vietnam. Therefore, increasing the number of accounting practitioners at your sole proprietorship will also fall under the case of having to notify the change in writing to the Ministry of Finance.

The deadline for notification in Vietnam is 10 days from the date of the above change.

Does the increase in number of accounting practitioners at accounting firms have to be notified in Vietnam? (Image from the Internet)

What are conditions for a holder of an accounting expert certificate to obtain an accountant certificate in Vietnam?

I would like to ask in the case of a person who already has an accounting expert certificate, what conditions are required to be issued an accountant certificate? Please advise.

Reply:

Pursuant to Clause 2, Article 57 of the Accounting Law 2015 stipulates:

2. The holder of an accounting expert certificate or accounting practitioner certificate issued by a foreign organization or an international accounting organization that is accredited by the Ministry of Finance of Vietnam shall be granted an accountant certificate if he/she pass the examination in Vietnam’s economics, finance, and accounting laws and meet the standards specified in Point a Clause 1 of this Article.

According to this regulation in Vietnam, a holder of an accounting expert certificate who wants to be granted an accountant certificate must meet the following two conditions:

First, must pass the examination on economic law, finance, and accounting of Vietnam;

Second, meet the standards specified in point a Clause 1 of this Article. According to Point a Clause 1 of this Article stipulates that a person granted an accountant certificate must comply with professional ethics, be truthful, integrated, and abide by law.

Do individuals establishing a household business have to be accounting practitioners in Vietnam?

May I ask if a household business is allowed to provide accounting services, is it mandatory for individuals or a group of individuals establishing this type of business to be accounting practitioners?

Reply:

Pursuant to Clause 1b, Article 65 of the Accounting Law 2015 stipulates as follows:

1. A business household may provide accounting services after all of the conditions below are satisfied:

a) The household has a certificate of business household registration;

b) The individual or representative of the group of individuals who establish the business household is an accounting practitioner.

Thus, it can be seen that in order for a Household Business to be allowed to provide accounting services, one of the conditions is that the individual or representative of the group of individuals establishing the Household Business must be an accounting practitioner.

Best regards!