Is there the fee when submitting an application for certificate of registration of auditing practice in Vietnam?

Is there the fee when submitting an application for certificate of registration of auditing practice in Vietnam?

Pursuant to Clause 3, Article 15 of the Law on Independent Auditing 2011, regulations on registration of practicing audit are as follows:

1. Person who meets fully the following conditions is registered for audit practice:

a) Being auditor;

b) Having actual working time as auditor for full thirty-six months or more;

c) Participating fully in the programs of updating knowledge.

2. Person who meets fully the conditions specified in clause1 of this Article shall be entitled to register the audit practice and to be granted the certificate of registration of auditing practice in accordance with regulations of the Ministry of Finance.

3. Applicant for certificate of registration of auditing practice must pay the fee as prescribed by law. (However, this Clause has been abolished by Point dd Clause 2 Article 23 of the Law on Fees and Charges 2015)

4. Certificate of registration of auditing practice is valid only when granted person having the labor contract as full-time for an auditing firm, the branch of foreign auditing firm in Vietnam.

Thus, when submitting an application for certificate of registration of auditing practice, you will not have to pay a fee in Vietnam.

What do records of registration for practicing audit in Vietnam comprise?

Pursuant to Article 4 of Circular 202/2012/TT-BTC, records of registration for practicing audit includes:

1. An application for a certificate of registration for practicing audit in the form prescribed in Appendix No.01/DKHN issued together with this Circular.

2. A copy of the full time labor contract in auditing enterprise.

3. A written confirmation of the actual time of working as an auditor in the form prescribed in Appendix No.04/DKHN issued together with this Circular 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 this Circular).

4. The personal information in the form prescribed in Appendix No.05/DKHN issued together with this Circular.

5. Criminal record issued by the competent authority within a period not exceeding six (06) months prior to the date of filing the registration for audit practice.

6. Copy of Certificate of auditor.

7. Two color photos 3x4cm taken on a white background in a period not exceeding six (06) months prior to the date of filing the registration for audit practice.

8. A copy of the decision to resign or the decision to terminate the labor contract at the working place before working for the auditing enterprise.

9. A copy of work permit in Vietnam of foreign auditor except for the Vietnamese labor law’s regulation of not requiring work permit.

10. Documents proving time of updating knowledge of auditor in the international professional organization of accounting and auditing for the case counting time of updating knowledge.

Best Regards!