What documents are included in the application for examination to obtain audit practicing certificate or accounting practicing certificate as the initial time in Vietnam from July 1st, 2024?

What documents are included in the application for examination to obtain audit practicing certificate or accounting practicing certificate as the initial time in Vietnam from July 1st, 2024?

Pursuant to Clause 1 Article 5 of the Circular 91/2017/TT-BTC (amended by Clause 1 Article 5 of the Circular 43/2023/TT-BTC and Clause 3 Article 3 of the Circular 22/2024/TT-BTC) stipulating the application for examination to obtain audit practicing certificate or accounting practicing certificate as the initial time in Vietnam:

- An application form for examination, with a 3x4 color photo and fan stamping as prescribed in Appendix No. 02a or Appendix No. 02b issued together with the Circular 91/2017/TT-BTC

- A document certifying the actual working time in the field of finance, accounting, or audit bearing signature of legal representative (or authorized person) and the seal of employer as prescribed in Appendix No. 06 issued together with the Circular 91/2017/TT-BTC;

- A resume;

- Copies of degrees and certificates prescribed in Clause 2 Article 4 of the Circular 91/2017/TT-BTC, bearing certification of the issuing body or notary.

In case of a bachelor's degree in another major, an authenticated academic transcript with specific number of units of study (or classes) of subjects must be submitted.

In case of a master or doctoral degree, an authenticated academic transcript with specific major must be submitted;

- 3 3x4 colored photos taken within 6 months and 2 envelopes stuck with stamps and recipient’s full name and address.

Compared to the current regulations, the new regulations no longer require the submission of certified copies of ID card or passport. For personal profiles, the new regulations only require the presence of a resume, without requiring to be confirmed by the agency, unit where the person is currently working, or the local People's Committee where the person resides as before.

What documents are included in the application for examination to obtain audit practicing certificate or accounting practicing certificate as the initial time in Vietnam from July 1st, 2024? - image from internet

What are eligibility conditions for taking exams to obtain audit practicing certificate or accounting practicing certificate in Vietnam?

Pursuant to Article 4 of the Circular 91/2017/TT-BTC stipulating eligibility conditions for taking exams to obtain audit practicing certificate or accounting practicing certificate in Vietnam:

An applicant for audit practicing certificate or accounting practicing certificate must have the following eligibilities:

- Meet standards in professional ethics, truthfulness, integrity, and high sense of law observance;

- Obtain at least a bachelor's degree in finance, banking, accounting, or audit; or a bachelor's degree in other majors with total units of study (or classes) of subjects: Finance, accounting, audit, financial activity analysis, or taxation accounting for at least 7% of total units of study (or classes) of the entire course; or obtain a bachelor's degree in other majors and audit or accounting certificates or degrees awarded by international audit or accounting associations as prescribed in Article 9 hereof;

- Have at least 36 months’ experience in finance, accounting, or audit field, which is determined in the period beginning from the month of graduation specified in the bachelor's degree (or postgraduate degree) to the time of application for taking exams. Actual working time includes the period of working as audit assistant at audit firms, as internal auditor at internal audit department, or as auditor at state audit agencies;

- Submit sufficient and required application for examination and exam fees as prescribed;

- Not belonging to the subjects who are not allowed to be accountants, specifically:

+ Minors; people who completely or partly lose their civil capacity as declared by the court; people forcibly sent to reform schools or rehabilitation centers.

+ People banned from practicing accounting under an effective court’s judgment or decision; people undergoing criminal prosecution; people sentenced to imprisonment or were convicted of economic crimes or other crimes related to finance, accounting and have not had their criminal records expunged.

What are cases of revocation of audit practicing certificates and accounting practicing certificates in Vietnam?

Pursuant to Article 23 of the Circular 91/2017/TT-BTC stipulating cases of revocation of audit practicing certificates and accounting practicing certificates in Vietnam:

- Untruthful working experience was declared in the application for the purpose of taking examination to obtain the audit practicing certificate or accounting practicing certificate.

- Correct, forge or cheat academic credentials, certificates for the purposes of taking examination to obtain the audit practicing certificate or accounting practicing certificate.

- Take someone else’s exam or ask someone else to take your exam in the examination to obtain the audit practicing certificate or accounting practicing certificate.

- Other cases as per the law.

Best regards!