How Many Hours of Continuing Professional Education Must Practicing Auditors Complete Annually?

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It is known that practicing auditors must update their knowledge annually. How many hours are they required to update their knowledge each year? If they do not meet the required number of hours, how will they be sanctioned?

Based on Clause 1, Article 1 of Circular 56/2015/TT-BTC (Amending Article 3 of Circular 150/2012/TT-BTC), practicing auditors must update their knowledge annually.

Accordingly, Clause 1, Article 5 of Circular 150/2012/TT-BTC stipulates the knowledge update duration as follows:

The minimum knowledge update duration is 40 hours in the year immediately preceding the year of registration for practicing auditing, of which there are a minimum of 20 hours for updating knowledge on Vietnamese accounting and auditing laws, and 4 hours for updating knowledge on professional ethics.

And according to Point d, Clause 1, Article 12 of Circular 202/2012/TT-BTC, practicing auditors who do not meet the required number of annual knowledge update hours as stipulated by the Ministry of Finance will have their practice suspended in accordance with the law.

Sincerely!

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