What are details for Circular 66/2024/TT-BTC on the regulation of professional titles in accounting in Vietnam?
What are details for Circular 66/2024/TT-BTC on the regulation of professional titles in accounting in Vietnam?
On September 6, 2024, the Minister of Finance of Vietnam issued Circular 66/2024/TT-BTC regulating the titles, codes, and professional standards for occupations in the accounting sector, as well as the promotion procedures for accountants to senior accountants within public service providers established by state agencies, political organizations, and socio-political organizations at the central, provincial, and district levels as stipulated by law.
Circular 66/2024/TT-BTC applies to public employees in accounting positions and holding professional titles in the accounting sector within public service providers established by state agencies, political organizations, and socio-political organizations at the central, provincial, and district levels as stipulated by law, as well as other relevant organizations and individuals.
Circular 66/2024/TT-BTC takes effect in Vietnam from October 21, 2024
Article 3 of Circular 66/2024/TT-BTC specifies three professional titles and codes for the accounting sector, including:
- Principal Accountant (Class 3)
- Accountant (Class 3)
- Intermediate Accountant (Class 4)
What are details for Circular 66/2024/TT-BTC on the regulation of professional titles in accounting in Vietnam? (Image from the Internet)
What are the qualification requirements for intermediate accountants in Vietnam?
According to Clause 1, Article 4, Circular 66/2024/TT-BTC on the qualification requirements of intermediate accountants in Vietnam:
- Understand sector-specific accounting policies and regulations; specific regulations regarding the forms and methods of accounting applied in units and sectors.
- Comprehend and comply with the Accounting Law, accounting standards, other legal regulations on accounting, accounting principles, financial policies, statistical and economic information laws; possess the ability to concretize and effectively implement the guidelines and policies of the Communist Party and state laws in the assigned field of work.
- Grasp the basic principles of business processes and document circulation procedures within units.
- Have the ability to acquire and master necessary skills such as computer usage, accounting software, electronic documentation, and implement tasks in accordance with superior directives.
- Proficiently use office devices and other equipment serving task requirements.
What are the qualification requirements for accountants in Vietnam?
According to Article 5, Circular 66/2024/TT-BTC on qualification requirements for accountants (Class 3):
Article 5. Qualification requirements for Accountants (Class III)
- Standards of professional competence
a) Comprehend and comply with the Accounting Law, accounting standards, other legal regulations on accounting, accounting principles, financial policies, statistical and economic information laws; possess the ability to concretize and effectively implement the guidelines and policies of the Communist Party and state laws in the assigned field of work;
b) Understand specific regulations on accounting forms and methods; accounting policies applied in state sector accounting;
[...]
Thus, the standards of professional competence for accountants are as follows:
- Comprehend and comply with the Accounting Law, accounting standards, other legal regulations on accounting, accounting principles, financial policies, statistical and economic information laws; possess the ability to concretize and effectively implement the guidelines and policies of the Communist Party and state laws in the assigned field of work.
- Understand specific regulations on accounting forms and methods; accounting policies applied in state sector accounting.
- Know research methods, propose implementation or amendments, refine management practices, business processes, and summarize and improve management practices; understand the development trends of business practices domestically and internationally.
- Know how to organize and implement management practices, business processes, document circulation procedures, management and operational methods for accounting tasks within units.
- Have the ability to acquire, understand, and use supporting tools and modern technical means to exchange and utilize accounting materials, accounting information, accounting software, electronic documentation, and electronic transactions.
- Have basic information technology skills and the ability to use a foreign language or a minority language for public employees working in minority areas as required by the job position.
