Inventory of Assets in Civil Judgment Enforcement from October 1, 2020

The content of asset inventory is stipulated in Article 5 of Circular 78/2020/TT-BTC guiding civil judgment enforcement accounting as follows:

Asset inventory in civil judgment enforcement operations from October 1, 2020 (illustration)

+ General regulations:

- Civil enforcement agencies must conduct regular and extraordinary inventories to determine the cash balance in safes, assets, and evidence stored in warehouses to ensure consistency with the accounting records at the time of inventory.- In cases where the inventory results show discrepancies with the accounting records, a verification must be conducted, causes identified, and reported to the authorized level for handling these discrepancies. If there is a shortage, material liability must be assigned for handling.- Based on the opinions regarding the handling of inventory discrepancies, the accounting department must adjust the accounting records to ensure they correspond accurately with the actual figures.

+ Regular inventory:

Conducted periodically at the end of the quarter and the end of the fiscal year before preparing the civil judgment enforcement operation report.

+ Extraordinary inventory:

The unit must conduct an extraordinary inventory in cases of natural disasters, fires, transfers, mergers, amalgamations, divisions of the unit, other unusual incidents, and as decided by the competent state authority.

For details, refer to Circular 78/2020/TT-BTC, effective and applicable from October 1, 2020, replacing Circular 91/2010/TT-BTC.

Long Binh

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