Eligibility for taking exams of audit practicing certificates in Vietnam 2023

Eligibility for taking exams of audit practicing certificates in Vietnam 2023 (Internet image) 

Regarding this issue, LawNet would like to answer as follows:

1. Eligibility for taking exams for audit practicing certificates in Vietnam 2023

According to Article 4 of Circular 91/2017/TT-BTC, 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.

Article 52. People prohibited from practicing accounting

The following people are prohibited from practicing accounting:

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

2. 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.

2. Contents of the exams for audit practicing certificates in Vietnam 2023

An applicant for examination to obtain audit practicing certificate shall take the following 7 modules:

- Economic law and law on enterprises;

- Finance and advanced financial management;

- Taxes and advanced tax administration;

- Financial accounting, advanced administrative accounting;

- Audit and advanced security services;

- Advanced financial analysis;

- Language level C of one of five common languages: English, Russia, France, China, Germany.

A holder of accountant practicing certificate who applies for examination to obtain an audit practicing certificate shall take the following 3 modules:

- Audit and advanced security services;

- Advanced financial analysis;

- Language level C of one of five common languages: English, Russia, France, China, Germany.

(Clause 2, 3, Article 6 of Circular 91/2017/TT-BTC)

3. Cases of revocation of audit practicing certificate in Vietnam

An audit practicing certificate or accounting practicing certificate shall be revoked in any of the following cases:

- Untruthful working experience was declared in the application for the purpose of taking examination to obtain the audit practicing certificate or accounting practicing certificate.

- Correct, forge or cheat academic credentials, certificates for the purposes of taking examination to obtain the audit practicing certificate or accounting practicing certificate.

- Take someone else’s exam or ask someone else to take your exam in the examination to obtain the audit practicing certificate or accounting practicing certificate.

- Other cases as per the law.

(Clause 1, Article 23 of Circular 91/2017/TT-BTC)

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