Vietnam: Procedures for appointment or reappointment, deadline for reappointment of chief accountants and accountants in charge

According to Circular No. 04/2018/TT-BNV of the Ministry of Home Affairs of Vietnam, procedures for appointment or reappointment, deadline for reappointment of chief accountants and accountants in charge or engagement of accountants in charge are regulated as follows:

1. Procedures for appointment or reappointment of chief accountants or accountants in charge, or engagement of accountants in charge

- In case of a circumstance prescribed in Clause 1 and Points a, b, c Clause 2 Article 5 of this Circular, the head of the accounting unit shall send an appointment application to the competent authority.

- In case of circumstances prescribed in Point d Clause 2 and Clause 3 Article 5; Clause 1 and Clause 3 of Article 6 of this Circular, the head of accounting unit shall authorize inferior entity to prepare an application for appointment of chief accountant or accountant in charge; or engagement of accountant in charge.

- In case of the circumstance prescribed in Clause 2 Article 6 of this Circular, the President of People’s Committee of commune shall send an accountant appointment application to the President of People’s Committee of district. Committee division of home affairs shall take charge and cooperate with Committee division of finance to verify the application, and then forward it to the President of People’s Committee of district for consideration.

- Procedures for reappointment of chief accountant or accountant in charge shall be carried out the same as procedures for appointment of those positions.

2. Deadline for consideration of reappointment of chief accountant or accountant in charge

Within 90 days before the deadline for appointment, the head of the accounting unit shall carry out procedures for reappointment to consider or request competent authority to consider whether to appoint or reappoint the current chief accountant or accountant in charge. A decision on reappointment of chief accountant or accountant in charge shall be issued at least 1 working day prior to the aforesaid deadline.

Circular No. 04/2018/TT-BNV of the Ministry of Home Affairs of Vietnam takes effect from May 15, 2018.

- Thanh Lam -

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