What modules must be taken to obtain accounting practicing certificate in Vietnam?

What modules must be taken to obtain accounting practicing certificate in Vietnam? (Internet image)

1. What modules must be taken to obtain accounting practicing certificate in Vietnam?

According to Clause 1, Article 6 of Circular 91/2017/TT-BTC, an applicant for examination to obtain accounting practicing certificate shall take the following 4 modules:

- Economic law and law on enterprises;

- Finance and advanced financial management;

- Taxes and advanced tax administration;

- Financial accounting, advanced administrative accounting.

2. Examination modes for accounting practicing certificate in Vietnam

- With regard to each module prescribed in Section 1 (except for foreign language module), the candidate must take a paper exam within 180 minutes.

- With regard to foreign language module, the candidate must take a paper exam within 120 minutes.

(Article 7 of Circular 91/2017/TT-BTC)

3. Eligibility for taking exams for accounting practicing certificate in Vietnam

An applicant for audit practicing certificate or accounting practicing certificate must have the following eligibilities:

- Meet standards in professional ethics, truthfulness, integrity, and high sense of law observance;

- Obtain at least a bachelor's degree in finance, banking, accounting, or audit; or a bachelor's degree in other majors with total units of study (or classes) of subjects: Finance, accounting, audit, financial activity analysis, or taxation accounting for at least 7% of total units of study (or classes) of the entire course;

Or obtain a bachelor's degree in other majors and audit or accounting certificates or degrees awarded by international audit or accounting associations as prescribed in Article 9 of Circular 91/2017/TT-BTC;

- Have at least 36 months’ experience in finance, accounting, or audit field, which is determined in the period beginning from the month of graduation specified in the bachelor's degree (or postgraduate degree) to the time of application for taking exams.

Actual working time includes the period of working as audit assistant at audit firms, as internal auditor at internal audit department, or as auditor at state audit agencies;

- Submit sufficient and required application for examination and exam fees as prescribed;

- Not subject to Clause 1 and Clause 2 Article 52 of the Law on Accounting:

+ Minors; people who completely or partly lose their civil capacity as declared by the court; people forcibly sent to reform schools or rehabilitation centers.

+ People banned from practicing accounting under an effective court’s judgment or decision; people undergoing criminal prosecution; people sentenced to imprisonment or were convicted of economic crimes or other crimes related to finance, accounting and have not had their criminal records expunged.

(Article 4 of Circular 91/2017/TT-BTC)

4. Examination results, reservation thereof, and passed results in Vietnam

- Passed module: A module is considered passed if it is at least 5.

- Reservation of examination result: The passed module will be reserved in 3 continuous years from the year it is firstly taken.

E.g. When a person has taken exam in 2017, his/her passed modules of 2017 will be reserved for 2018 and 2019. Until 2019, if he/she has not met examination requirements, the examination results in 2020 to be considered will be those of 2018, 2019 and 2020. It is applied similarly to years from 2021.

- Satisfying exam requirements: Candidates who meet the requirements of all 4 exam subjects and have a total score of 25 points or more in the remaining exam subjects are eligible for the exam.

- Candidates who pass the exam will be granted the certificate.

(Article 18 of Circular 91/2017/TT-BTC)

Diem My

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