15 Prohibited Acts in the Field of Accounting

Prohibited Acts in Accounting, include:

- Forging, falsifying, or conspiring to coerce others to forge, falsify, or erase accounting documents or other accounting records;- Intentionally, conspiring, or coercing others to provide or confirm false accounting information or data;- Excluding the accounting unit's assets, liabilities, or those related to the accounting unit from the accounting records;- Destroying or intentionally damaging accounting documents before the end of the storage period as prescribed in Article 41 of the Law on Accounting 2015;- Issuing or publishing accounting standards or policies beyond one's authority;- Bribing, threatening, repressing, or coercing accountants to perform accounting tasks not in accordance with the Law on Accounting;- Individuals responsible for managing or operating the accounting unit concurrently serving as accountants, warehouse keepers, or cashiers, except for sole proprietorships and single-member limited liability companies owned by an individual;- Appointing or hiring individuals as accountants or chief accountants who do not meet the standards and conditions stipulated in Article 51 and Article 54 of the Law on Accounting;- Leasing, borrowing, or renting accounting practitioner certificates, or Certificates of Registration for Accounting Service Practice in any form;- Maintaining two or more sets of financial accounting books or providing inconsistent financial statements within the same accounting period;- Engaging in accounting services without obtaining a Certificate of Eligibility for Accounting Service Business or practicing accounting services without meeting the conditions specified by the Law on Accounting;- Using the phrase "accounting service" in the business name if more than 06 months have passed since the issuance of the Enterprise Registration Certificate without obtaining the Certificate of Eligibility for Accounting Service Business, or if the business has ceased accounting service operations;- Hiring individuals or organizations that do not meet the practice or business conditions for accounting services to provide accounting services for their unit;- Collusion or conspiracy between practicing accountants and accounting service businesses with clients to provide or confirm false accounting information or data;- Other prohibited acts as prescribed by the law on anti-corruption in accounting activities.

Violations will be penalized according to Decree 41/2018/ND-CP, including but not limited to:

- Fines ranging from VND 20 to 30 million for acts such as:- Forging or falsifying accounting documents, but not to the extent of criminal prosecution;- Conspiring or coercing others to forge or falsify accounting documents, but not to the extent of criminal prosecution;- Appointing or hiring chief accountants who do not meet stipulated standards and conditions.- Fines ranging from VND 10 to 20 million for acts such as: Leasing, borrowing, or using accounting or auditing certificates from individuals not working or working under an employment contract that does not ensure full-time work at their unit for registration of accounting service practice.

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