ND Report on the General Situation of Maintaining the Conditions for Practicing Accounting Services

The enterprises providing accounting services, household businesses providing accounting services, and legal representatives of the enterprises providing accounting services, representatives of household businesses providing accounting services shall send the Consolidated Report on Maintaining Conditions for Practicing Accounting Services to the Ministry of Finance no later than August 31 annually according to the form stipulated in Appendix No. 09/DKHN issued together with Circular 296/2016/TT-BTC in the form of a written document or electronic data, and simultaneously, together with the annual status of maintaining conditions for practicing accounting services of each practicing accountant according to the form stipulated in Appendix No. 08/DKHN issued together with Circular 296.

Illustrative image (source: internet)

To be specific, compared to the old regulations in Circular 296/2016/TT-BTC, Circular 44/2019/TT-BTC adds provisions on the contents of the annual Consolidated Report on Maintaining Conditions for Practicing Accounting Services, including the following components:

- Report title: Consolidated Report on Maintaining Conditions for Practicing Accounting Services annually.- Required report content:- Status of knowledge updates and the term of full-time labor contracts at the enterprise of practicing accountants from August 16 of the previous year to August 15 of the current year.- Status of administrative violations in the field of accounting in the preceding 12 months.- Subject of report implementation: Enterprises providing accounting services, household businesses providing accounting services.- Report receiving authority: Ministry of Finance (Department of Accounting and Auditing Supervision).- Method of sending and receiving reports: In writing or via electronic data.- Deadline for submitting reports: No later than August 31 annually.- Frequency of report implementation: Annually.- Data cut-off time for reporting: From August 16 of the previous year to August 15 of the current year.- Report outline form:- Status of knowledge updates and the term of full-time labor contracts at the enterprise of practicing accountants from August 16 of the previous year to August 15 of the current year, including information about:+ Names of practicing accountants at enterprises providing accounting services, household businesses providing accounting services;+ Registration certificate numbers of practicing accountants for practicing accounting services;+ Number of hours of knowledge updates for practicing accountants;+ Terms and changes of the labor contracts of practicing accountants.- Status of administrative violations in the field of accounting in the preceding 12 months, including information on the number of practicing accountants who have been administratively sanctioned and those who have not been sanctioned in the field of accounting.- Reporting statistical form: According to Appendix No. 09/DKHN issued together with this Circular.- Report implementation instructions:

Practicing accountants shall prepare an annual report on maintaining conditions for practicing accounting services and submit it to the enterprises providing accounting services or household businesses providing accounting services so that these enterprises or household businesses can consolidate and send it to the Ministry of Finance within the stipulated deadline.

More details can be found in Circular 44/2019/TT-BTC effective from January 1, 2020.

Thu Ba

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