Vietnam: Summary of fines for violations against regulations on accounting practice

No.

Group of violations

Violation

Fine

1

Violations against regulations on management and use of accountant certificates and auditor certificates

Tampering with the accountant certificate’s contents

VND 5.000.000 - VND 10.000.000

Allowing an external entity to rent, borrow and use one's own accountant certificate and auditor certificate for the purpose of registration of accounting practice or registration of accounting practice at a unit other than that specified in the full-time labor contract

Renting, borrowing and using an accountant certificate and a auditor certificate of a person who is not working as a full-time employee, or not working at all for one's own unit for the purpose of registration of accounting practice

VND 10.000.000 - VND 20.000.000

Forging accountant certificates

VND 20.000.000 - VND 30.000.000

2

Violations against regulations on application documents for accounting practice

Confirmation of inaccurate application documents to obtain the certificate of accounting practice registration

VND 5.000.000 - VND 10.000.000

Giving false information to obtain the certificate of accounting practice registration

VND 10.000.000 - VND 20.000.000

Forging the application documents, or providing false information thereon, to obtain the certificate of accounting practice registration

VND 20.000.000 - VND 30.000.000

3

Violations against regulations on management and use of certificates of accounting practice registration

Returning certificates of accounting practice registration to the Ministry of Finance less than 15 days after the specified deadline

Warning

Returning certificates of accounting practice registration to the Ministry of Finance 15 days after the specified deadline or later

VND 5.000.000 - VND 10.000.000

Using expired or invalidated certificates of accounting practice registration for accounting practicing

Practicing accounting without a certificate of accounting practice registration

VND 10.000.000 - VND 20.000.000

Continuing the accounting practice after the certificate of accounting practice registration expires or is invalidated

Failure to return certificates of accounting practice registration to the Ministry of Finance

4

Violations against regulations on application documents for certificate of eligibility to provide accounting services

Confirmation of false information in the application documents to obtain the certificate of eligibility to provide accounting services

VND 5.000.000 - VND 10.000.000

Giving false information in the application documents to obtain the certificate of eligibility to provide accounting services

VND 10.000.000 - VND 20.000.000

Forging application documents to obtain the certificate of eligibility to provide accounting services

VND 20.000.000 - VND 30.000.000

5

Violations against regulations on management and use of certificates of eligibility to provide accounting services

Returning the certificate of eligibility to provide accounting services as specified by the Ministry of Finance less than 15 days after the specified deadline when the certificate is revoked or the provision of accounting services ends

Warning

Applying for reissuance of the certificate of eligibility to provide accounting services less than 15 days after the specified deadline when required, as specified in Clause 1, Article 63 of the Law on Accounting

Returning the certificate of eligibility to provide accounting services as specified by the Ministry of Finance 15 days after the specified deadline or later when the certificate is revoked or the provision of accounting services ends

VND 5.000.000 - VND 10.000.000

Tampering with the certificate of eligibility to provide accounting services’ contents

Failure to apply or applying for reissuance of certificates of eligibility to provide accounting services 15 days after the specified deadline or later when required, as specified in Clause 1, Article 63 of the Law on Accounting

Leasing out or lending certificates of eligibility to provide accounting services

Organizations for failure to return the certificate of eligibility to provide accounting services to the Ministry of Finance when the certificate is revoked or the provision of accounting services ends

VND 10.000.000 - VND 20.000.000

Forging certificates of eligibility to provide accounting services

VND 20.000.000 - VND 30.000.000

6

Violations against regulations on provision of accounting services

False presentation of accounting practitioners or accounting firms’ qualifications, experience, capacity and eligibility for provision of accounting services

VND 10.000.000 - VND 20.000.000

Colluding with customers to provide and confirm false information while providing accounting services

VND 20.000.000 - VND 30.000.000

7

Violations against regulations on retention of accounting service documents

Failure to fully or safely retain accounting service documents during usage and retention periods

VND 5.000.000 - VND 10.000.000

Failure to retain accounting service documents

VND 10.000.000 - VND 20.000.000

8

Violations against regulations on provision of accounting services

Enterprise using the phrase "dịch vụ kế toán” (accounting service) in its name despite being ineligible for providing accounting services

VND 5.000.000 - VND 10.000.000

Providing accounting services without a certificate of eligibility to provide accounting services

VND 40.000.000 - VND 50.000.000

Continuing to provide accounting services despite the provision of accounting services being put on hold, suspended or terminated, or the certificate of eligibility to provide accounting services being revoked