Vietnam: 07 violations against regulations on accounting service provision

Specifically, according to Circular No. 297/2016/TT-BTC of the Ministry of Finance of Vietnam, violations against regulations on accounting service provision include:

- Provision of incorrect information or forged documents to obtain the Certificate of eligibility for providing accounting services

- Forging the Certificate of eligibility for providing accounting services or falsifying information on the Certificate of eligibility for providing accounting services.

- Failure to apply for the reissuance of the Certificate of eligibility for providing accounting services in case of change.

- Providing accounting services:

+ Before being granted the Certificate of eligibility for providing accounting services.

+ During the mandatory or voluntary suspension period, after the termination of accounting service provision or after the Certificates of eligibility for providing accounting services is revoked;

- Lending or leasing out the Certificate of eligibility for providing accounting services

- Failure to return the Certificate of eligibility for providing accounting services in accordance with regulations.

- Failure to request the business registration authority to remove the “dịch vụ kế toán" (“accounting services”) from the firm’s name by the deadline specified in Clause 5 Article 60 of the Law on Accounting of Vietnam when it is not granted the Certificates of eligibility for providing accounting services.

Circular No. 297/2016/TT-BTC of the Ministry of Finance of Vietnam takes effect from January 01, 2017.

- Thanh Lam -

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