Requirements for Preparing Financial Statements for the "For the Poor" Fund

10:41, 11/07/2024

The content is stipulated in Circular 103/2018/TT-BTC issued by the Ministry of Finance on November 14, 2018.

Accordingly, when preparing and presenting financial reports, the following requirements must be met:

- The preparation of financial reports must ensure honesty, objectivity, completeness, promptness, and accurately reflect the situation of assets, funds, revenues, and expenditures of the "For the Poor" Fund.- The preparation of financial reports must be based on the data after closing the accounting books. Financial reports must be prepared in accordance with the correct content, method, and consistently presented across reporting periods.- Financial reports must have the full signatures of the preparer, chief accountant (accounting in charge), and account holder (or authorized person) signed and sealed before submission or disclosure.

Additionally, Circular 103 also stipulates that the financial reports of the "For the Poor" Fund at all levels are to be prepared at the end of the accounting year.

See details at Circular 103/2018/TT-BTC effective from January 01, 2019.

-Thao Uyen-

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