Provision of Audit Report by Enterprises Applying Priority Policies: How Are Delays Penalized?
Based on Point a Clause 2 Article 7 of Decree 128/2020/ND-CP, it is stipulated:
“Fines ranging from VND 1,000,000 to VND 2,000,000 for failing to comply with the prescribed timeframe in one of the following cases:
a) Providing an audit report, or financial statement of an enterprise that is subject to priority policies;
…”
This penalty applies to violating organizations (Clause 3 Article 5 of this Decree).
Thus, in the case where an enterprise is an organization that provides the audit report of an enterprise subject to priority policies not within the prescribed timeframe, it will be fined from VND 1,000,000 to VND 2,000,000.
Sincerely!
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