08:52, 11/07/2024
Decree 41/2018/ND-CP officially came into effect on May 1, 2018, stipulating the levels of Decree 41/2018/ND-CP: Penalties for administrative violations in the fields of accounting and independent auditing in Vietnam. There is a list some common violations that accountants often encounter, such as:
Article table of contents
>> Download 63 COMMON ACCOUNTING ERRORS
| No | Violation | Penalty (VND) |
| ACCOUNTING DOCUMENTS | ||
| 1. | Incorrect application of regulations on language, numerals, and currency units in accounting | 10 – 20 million |
| 2. | Erasing and altering accounting documents | 3 – 5 million |
| 3. | Signing documents with red ink, fading ink, or pre-made signature stamps | 3 – 5 million |
| 4. | Signing with a signature that does not match the registered sample signature | 5 – 10 million |
| 5. | Not translating foreign language accounting documents into Vietnamese | 5 – 10 million |
| 6. | Lack of all required signatures on the documents | 5 – 10 million |
| 7. | Damaging or losing accounting documents currently in use | 5 – 10 million |
| 8. | Forging or falsifying accounting documents | 20 – 30 million |
| 9. | Failing to create accounting documents upon the occurrence of economic or financial transactions | 20 – 30 million |
| 10. | Multiple copies of accounting documents containing inconsistent information for a single economic or financial transaction | 20 – 30 million |
| 11. | Disbursing funds without complete authorization signatures on the documents | 20 – 30 million |
| ACCOUNTING BOOKS | ||
| 12. | Adding entries between lines, overwriting, or not crossing out unused pages in the accounting books | 1 – 2 million |
| 13. | Not summing up data at the end of pages or not carrying over total data to the next page | 1 – 2 million |
| 14. | Not binding separate books for each accounting period (except for electronic books) | 1 – 2 million |
| 15. | Incomplete basic contents in the accounting book template | 1 – 2 million |
| 16. | Prematurely discarding or intentionally damaging accounting books | 20 – 30 million |
| ACCOUNTING ACCOUNTS | ||
| 17. | Incorrect accounting of the content as per the established accounting account | 5 – 10 million |
| 18. | Failing to follow the accounting system issued by the Ministry of Finance | 10 – 20 million |
| FINANCIAL STATEMENTS | ||
| 19. | Incomplete content or incorrect form in financial statements | 5 – 10 million |
| 20. | Financial statements lacking signatures of the preparer, chief accountant, accounting manager, etc. | 5 – 10 million |
| 21. | Using a financial report form different from the regulated accounting standards and policies | 10 – 20 million |
| 22. | Incomplete preparation of required financial reports | 10 – 20 million |
| 23. | Submitting financial reports without attaching audit reports | 10 – 20 million |
| 24. | Forgery of financial reports or falsification of data on financial reports | 40 – 50 million |
| 25. | Late submission or disclosure of financial reports less than 03 months after the deadline | 5 – 10 million |
| 26. | Late submission or disclosure of financial reports 03 months or more after the deadline | 10 – 20 million |
| ACCOUNTING DOCUMENTS | ||
| 27. | Copied accounting documents lacking full signatures and seals from relevant organizations or individuals | 3 – 5 million |
| 28. | Unsafe storage of accounting documents, causing damage or loss during the preservation period | 5 – 10 million |
| 29. | Failure to inventory, categorize, or restore lost or damaged accounting documents | 5 – 10 million |
| 30. | Discarding accounting documents before the end of the preservation period | 10 – 20 million |
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