Circular No. 23/2024/TT-BTC Amending and Supplementing Certain Provisions of Circulars guiding the management and inspection of accounting service activities

CIRCULAR

Amending and supplementing certain articles of Circulars guiding management and inspection of accounting service activities
inspect accounting service activities

Pursuant to the Accounting Law dated November 20, 2015;

Pursuant to Decree No. 174/2016/NĐ-CP dated December 30, 2016 of the Government detailing some provisions of the Accounting Law;

Pursuant to Decree No. 14/2023/NĐ-CP dated April 20, 2023, issued by the Government, stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;

At the proposal of the Director of the Accounting and Auditing Supervision Department,

The Minister of Finance issues this Circular amending and supplementing certain articles of Circulars guiding management and inspection of accounting service activities.

Article 1. Amending, supplementing, replacing, and abolishing certain articles of Circular No. 292/2016/TT-BTC dated November 15, 2016 of the Minister of Finance guiding annual knowledge updating for practicing accountants and persons registering to practice accounting services (hereinafter referred to as Circular No. 292/2016/TT-BTC) as follows:

1. Amending and supplementing certain articles of Circular No. 292/2016/TT-BTC as follows:

a) Amending and supplementing Article 3 as follows:

"Article 3. Subjects of Knowledge Updating

The subjects of annual knowledge updating are practicing accountants and persons registering to practice accounting services. For those who have just been granted an accountant certificate or auditor certificate, they may register to practice accounting services until December 31 of the year following the year they received their certificates without being required to update their knowledge, but to ensure the conditions for practicing accounting services in the following year, from August 16 of the year they received their certificates to August 15 of the following year, practitioners must complete the required hours of knowledge updating as stipulated in Article 5 of this Circular.

Example: Mr. Nguyen Van A was granted an accountant certificate or auditor certificate on April 23, 20X0, then Mr. A is not required to attend knowledge updating courses to practice accounting services from the date of receiving the certificate until August 15, 20X0. To continue maintaining the conditions for practicing accounting services from January 1, 20X2 to December 31, 20X2, Mr. A must complete the required hours of knowledge updating in 20X1 (from August 16, 20X0 to August 15, 20X1) as stipulated in Article 5 of Circular No. 292/2016/TT-BTC."

b) Amending Clause 1 of Article 4 as follows:

"1. Regarding the content of knowledge updating:

a) Provisions of Vietnamese laws on accounting and taxation; ethical standards for the accounting profession; practical experience in accounting; international accounting standards and international financial reporting standards.

b) Provisions of related laws on economy and finance, auditing; management skills; international auditing standards; other relevant knowledge and information."

c) Amending Point b of Clause 1 of Article 12 as follows:

"b) Submitting a request for postponement of knowledge updating according to the form prescribed at Appendix No. 05/CNKT issued together with this Circular to the Accounting and Auditing Supervision Department, Ministry of Finance, no later than September 30 each year."

d) Amending Point đ of Clause 1 of Article 14 as follows:

"đ) A roll call sheet signed by each participant or a photograph showing participation in the course or a roll call result or information tracking the learning process of participants."

đ) Amending Clause 3 of Article 15 as follows:

"3. Organizing classes with a minimum of 10 participants and a maximum of 200 participants per class, and keeping full attendance records for all participants."

e) Amending Clause 6 of Article 15 as follows:

"6. Issuing a certificate to participants who have completed knowledge updating after each class or after multiple classes, specifying the name of the organizing unit, the name of the participant, the accountant certificate number or auditor certificate number, the subject studied, the date of the class, the actual number of hours studied; issuing a confirmation certificate to accountants or auditors who teach in knowledge updating classes after each class or after multiple classes, specifying the name of the instructor, the accountant certificate number or auditor certificate number, the subject taught, the teaching date, the number of hours taught per subject."

2. Replacing certain phrases and Appendices of Circular No. 292/2016/TT-BTC as follows:

a) Replacing the phrase "Ministry of Finance" with "Accounting and Auditing Supervision Department, Ministry of Finance" in Clause 3 of Article 7; Article 9; Point c of Clause 5 of Article 11; Article 12; Point a of Clause 1 of Article 14; Article 15; Article 17; Article 18.

b) Replacing the phrase "10 working days" with "10 days" in Clause 3 of Article 7; Article 9.

c) Replacing the phrase "3 days" with "3 working days" in Clause 2 of Article 15.

d) Replacing the phrase "Ministry of Finance (Department of Accounting Regulations and Auditing)" with "Accounting and Auditing Supervision Department, Ministry of Finance" in Appendix No. 01/CNKT, Appendix No. 05/CNKT issued together with Circular No. 292/2016/TT-BTC.

đ) Replacing the phrase "Vietnamese accounting and taxation laws, accounting professional ethics" with "Vietnamese accounting and taxation laws, accounting professional ethics, practical accounting experience, international accounting standards and international financial reporting standards" in Appendix No. 05/CNKT issued together with Circular No. 292/2016/TT-BTC.

e) Replacing Appendix No. 02/CNKT issued together with Circular No. 292/2016/TT-BTC with Appendix No. 02/CNKT issued together with this Circular.

3. Abolishing certain articles of Circular No. 292/2016/TT-BTC as follows:

a) Clause 2 of Article 5.

b) Clause 7 of Article 11.

c) Clause 4 of Article 13.

Article 2. Amend, supplement, replace, abolish some articles of Circular No. 296/2016/TT-BTC dated November 15, 2016, issued by the Minister of Finance guiding on issuance, revocation, and management of Accounting Service Practice Registration Certificate (hereinafter referred to as Circular No. 296/2016/TT-BTC), which has been amended and supplemented by Circular No. 44/2019/TT-BTC dated July 19, 2019, issued by the Minister of Finance amending and supplementing some articles of Circular No. 292/2016/TT-BTC dated November 15, 2016, issued by the Minister of Finance guiding annual knowledge updating for practicing accountants and accounting service practitioners, and Circular No. 296/2016/TT-BTC dated November 15, 2016, issued by the Minister of Finance guiding on issuance, revocation, and management of Accounting Service Practice Registration Certificate (hereinafter referred to as Circular No. 44/2019/TT-BTC) as follows:

1. Amend and supplement some articles of Circular No. 296/2016/TT-BTC as follows:

a) Amend Clause 3 of Article 3 as follows:

"3. A copy of the accountant certificate or auditor certificate. When the accountant certificate or auditor certificate has been integrated into the specialized database and other information systems, the Ministry of Finance shall be responsible for exploiting and using information about the accountant certificate or auditor certificate in the specialized database and other information systems based on the exchange and provision of information among state management agencies in accordance with the provisions of the law."

b) Supplement Clause 9 following Clause 8 of Article 3 as follows:

"9. Documents proving payment of the examination fee for issuing the Accounting Service Practice Registration Certificate, except in cases where the examination fee has already been paid when submitting the application through the online public service system."

c) Amend Clause 3 of Article 6 as follows:

"3. Enterprises providing accounting services and individual households providing accounting services shall prepare a list requesting the Ministry of Finance to issue the Accounting Service Practice Registration Certificate for those who apply for practice at their units according to the model specified in Appendix No. 03/ĐKHN attached to this Circular together with the registration application file of each individual according to the provisions of Article 3 or Article 10 or Article 11 of this Circular. The application files may be submitted directly at the One-Stop Service Center or through the postal service under the regulations of the Government, through the hiring of services from enterprises or individuals or through authorization in accordance with the law; or submitted online at the National Public Service Portal or the Ministry of Finance's Public Service Portal."

d) Amend Clause 5 of Article 6 as follows:

"5. Within fifteen days from the date of receiving a complete application, the Ministry of Finance shall examine and issue the Accounting Service Practice Registration Certificate for those applying for accounting service practice through enterprises providing accounting services or individual households providing accounting services. The issuance date of the Accounting Service Practice Registration Certificate shall not be earlier than the start date of the employment contract working full-time at the enterprise providing accounting services or individual household providing accounting services. In case of refusal to issue the Accounting Service Practice Registration Certificate, the Ministry of Finance shall reply in writing and specify the reasons."

đ) Amend Clause 1 of Article 10 as follows:

"1. In case the Accounting Service Practice Registration Certificate is torn, damaged, or lost, the practicing accountant may request the Ministry of Finance to reissue the Accounting Service Practice Registration Certificate and must pay the fee as prescribed."

e) Amend Clause 2 of Article 11 as follows:

"2. The application file for issuing the Accounting Service Practice Registration Certificate in the case provided for in Clause 1 of this Article includes:

a) An application form for issuing the Accounting Service Practice Registration Certificate according to the model specified in Appendix No. 01/ĐKHN attached to this Circular;

b) Two color photographs measuring 3x4 cm taken against a white background within six months prior to the date of submission of the application for accounting service practice;

c) Any documents specified in Clauses 2, 6, and 7 of Article 3 of this Circular if there have been changes since the last practice registration;

d) The old Accounting Service Practice Registration Certificate in the case provided for in point c of Clause 1 of this Article;

e) Documents proving payment of the examination fee for issuing the Accounting Service Practice Registration Certificate, except in cases where the examination fee has already been paid when submitting the application through the online public service system."

g) Amend Point c of Clause 1 of Article 12 (which has been amended by Clause 1 of Article 2 of Circular No. 44/2019/TT-BTC) as follows:

"Practicing accountants violating the responsibilities stipulated in Clauses 5, 7, and 8 of Article 15 of this Circular, specifically as follows: Using an Accounting Service Practice Registration Certificate that has expired or lost its validity in accounting profession activities; Not providing periodic or ad hoc information related to their accounting service practice activities upon request of the Ministry of Finance; Not complying with regulations on inspection and supervision of accounting service practice registration by the Ministry of Finance."

h) Amend Article 14 as follows:

"Article 14. Disclosure of Information on Practicing Accountants

1. The Ministry of Finance shall update and disclose on its website monthly before the tenth day of each month the following information:

a) List of practicing accountants at each enterprise providing accounting services or individual household providing accounting services;

b) List of practicing accountants whose practice has been suspended;

c) List of practicing accountants whose Accounting Service Practice Registration Certificates have been revoked;

d) List of practicing accountants whose Accounting Service Practice Registration Certificates have expired or lost their validity.

2. The Ministry of Finance will add or delete the name of a practicing accountant in the publicly disclosed list of practicing accountants registered at each enterprise providing accounting services or individual household providing accounting services when the Accounting Service Practice Registration Certificate is issued, reissued, expires, or loses its validity."

i) Amend Clause 2 of Article 15 as follows:

"2. Notify in writing the enterprise providing accounting services or individual household providing accounting services about the cessation of accounting service practice as prescribed in Clause 7 of Article 9 of this Circular."

k) Amend Clause 3 of Article 15 as follows:

"3. Notify the Ministry of Finance in writing no later than 10 days from the date the Accounting Service Registration Certificate ceases to be valid or loses its value for the cases specified in Clauses 4, 5, 6, 7, and 8 of Article 9 of this Circular according to the form prescribed in Appendix No. 06/REG issued together with this Circular."

l) Amend Clause 4 of Article 15 as follows:

"4. Return the old Accounting Service Registration Certificate to the Ministry of Finance through the accounting service business enterprise or individual accounting service business when the Certificate expires or loses its value for the cases specified in Clauses 2, 4, 5, 6, 7, and 8 of Article 9 of this Circular, except in the case where the Accounting Service Registration Certificate has already been returned when applying for issuance of the Accounting Service Registration Certificate due to the accountant changing their workplace or place of accounting service registration; the accounting service business enterprise where the accountant registers for practice changes its name."

m) Amend Clause 4 of Article 16 as follows:

"4. Notify the Ministry of Finance in writing no later than 10 days from the date the Accounting Service Registration Certificate of the accountant practicing at the unit ceases to be valid or loses its value for the cases specified in Clauses 4, 5, 6, 7, 8, and 9 of Article 9 of this Circular according to the form prescribed in Appendix No. 07/REG issued together with this Circular."

n) Amend Clause 6 of Article 16 as follows:

"6. In the event that the accountant continues to practice accounting services when the full-time labor contract with the accounting service business enterprise or individual accounting service business expires, they must continue to sign a new labor contract or extend the labor contract and send a copy of the new labor contract to the Ministry of Finance no later than 10 days from the date the labor contract expires."

o) Add Clause 8a after Clause 8 of Article 16 as follows:

"8a. The accounting service business enterprise must notify the Ministry of Finance when the practicing accountant transfers to register for auditing practice at the same enterprise and report that the practicing accountant has been issued an Auditing Practice Registration Certificate, simultaneously returning the Accounting Service Practice Registration Certificate to the Ministry of Finance at the time of issuance of the Auditing Practice Registration Certificate."

2. Replace certain phrases in Circular No. 296/2016/TT-BTC as follows:

a) Replace the phrase "10 working days" with the phrase "10 days" in Clause 4 of Article 6.

b) Replace the phrase "accounting laws, tax laws of Vietnam, accounting profession ethics" with the phrase "accounting laws, tax laws of Vietnam, accounting profession ethics, practical accounting experience, international accounting standards, and international financial reporting standards" in Appendix No. 01/REG issued together with Circular No. 296/2016/TT-BTC.

c) Replace the phrase "ID Card/Passport/Citizen Identification Card number...issued on... /... /...at..." with the phrase "ID Card/Citizen Identification Card/Citizen Card/Passport number..." in Appendix No. 01/REG, Appendix No. 02/REG, and Appendix No. 04/REG issued together with Circular No. 296/2016/TT-BTC.

d) Replace the phrase "ID Card/Passport/Citizen Identification Card number...issued on... /... /...at..." with the phrase "ID Card/Citizen Identification Card/Citizen Card/Passport number..." in Appendix No. 01/REG issued together with Circular No. 296/2016/TT-BTC.

3. Remove the note "Note: (*) In the case of applying for issuance of an Accounting Service Practice Registration Certificate as stipulated in Clause 1 of Article 11 and Clause 1 of Article 13 of this Circular, it is not necessary to declare this item" in Appendix No. 01/REG issued together with Circular No. 296/2016/TT-BTC.

4. Repeal Clause 3 and Clause 4 of Article 11.

Article 3. Amend, supplement, and replace some articles of Circular No. 297/2016/TT-BTC dated November 15, 2016, issued by the Minister of Finance on the issuance, management, and use of the Certificate of Eligibility for Accounting Services Business (hereinafter referred to as Circular No. 297/2016/TT-BTC), as follows:

1. Amend and supplement some articles of Circular No. 297/2016/TT-BTC as follows:

a) Amend Clause 2 of Article 5 as follows:

"2. The organization requesting the issuance of the Certificate of Eligibility for Accounting Services Business shall submit a set of documents in accordance with the provisions of Clause 1 of this Article to the Ministry of Finance and pay the fee for the assessment of the issuance of the Certificate of Eligibility for Accounting Services Business. The documents can be submitted directly at the One-Stop Service Center or through public postal services as prescribed by the Prime Minister, via services provided by enterprises or individuals, or through authorization in accordance with the law; or submitted online at the National Public Service Portal or the Ministry of Finance's Public Service Portal."

b) Amend Clause 3 of Article 6 as follows:

"3. An enterprise engaged in accounting services business must request the Ministry of Finance to reissue the Certificate of Eligibility for Accounting Services Business within ten days from the date of change in the contents prescribed in point a, Clause 1, Article 63 of the Accounting Law or from the date of discovery that the Certificate of Eligibility for Accounting Services Business is torn, damaged, or lost. The time limit for reissuing the Certificate of Eligibility for Accounting Services Business shall be carried out in accordance with the provisions of Clause 3, Article 63 of the Accounting Law."

c) Amend Article 7 as follows:

"Article 7. Payment of Fees

Organizations when submitting documents to request the issuance or reissuance of the Certificate of Eligibility for Accounting Services Business in accordance with Articles 5 and 6 of this Circular must pay the initial and reissuance fees for the assessment of the Certificate of Eligibility for Accounting Services Business in accordance with the regulations of the Ministry of Finance."

d) Supplement Clause 10 following Clause 9 of Article 12 as follows:

"10. Enterprises engaged in accounting services business must notify the Ministry of Finance when they switch to registering for auditing services and report about having been issued the Certificate of Eligibility for Auditing Services Business simultaneously returning the Certificate of Eligibility for Accounting Services Business to the Ministry of Finance at the time of being issued the Certificate of Eligibility for Auditing Services Business."

2. Replace some phrases and Appendices in Circular No. 297/2016/TT-BTC as follows:

a) Replace the phrase "ID card/Identity card/Passport number... issued on... /... /... at..." with the phrase "ID card/Identity card/Identity card/Passport number..." in Appendix 1, Appendix 2, and Appendix 6 promulgated together with Circular No. 297/2016/TT-BTC.

b) Replace Appendix 3 promulgated together with Circular No. 297/2016/TT-BTC with Appendix 3 promulgated together with this Circular.

c) Replace Appendix 7 promulgated together with Circular No. 297/2016/TT-BTC with Appendix 7 promulgated together with this Circular.

Article 4. Amend, supplement, replace, and abolish some articles of Circular No. 09/2021/TT-BTC dated January 25, 2021, issued by the Minister of Finance guiding the inspection of accounting service activities (hereinafter referred to as Circular No. 09/2021/TT-BTC), as follows:

1. Amend and supplement some articles of Circular No. 09/2021/TT-BTC as follows:

a) Amend and supplement point b, Clause 2.2 of Article 5 as follows:

"b) Inspect information showing signs of violation of laws discovered during the management and indirect inspection of accounting services business operations or upon request of the competent authority."

b) Amend and supplement Clause 1 of Article 7 as follows:

"1. Inspection period

a) Conduct direct inspections every three years for accounting service businesses with average annual accounting service revenue over the past three consecutive years up to the inspection date of 20 billion VND/year. Accounting service revenue includes revenue from: accounting services; accounting manager services; financial statement preparation and presentation services; and accounting advisory services according to annual operation reports.

b) Conduct direct inspections at least every five years for accounting service businesses not falling under the category specified in point a, Clause 1 of this Article. The determination of inspection targets is based on the average annual accounting service revenue over the past three consecutive years up to the inspection date."

c) Amend and supplement Clause 2 of Article 9 as follows:

"2. Annually, based on the periodic direct inspection deadlines for accounting service business operations, the Ministry of Finance will review, plan inspections, compile lists of accounting service businesses subject to direct inspections in the year, and notify each inspected entity at least ten days before the start of the inspection."

d) Amend and supplement Clause 2 of Article 11 as follows:

"2. The inspection team consists of the Team Leader and members. The Team Leader is a leader at the department level or above of the Ministry of Finance, and the team members are officials of the Ministry of Finance. Depending on the scale of the inspection, the Ministry of Finance may invite professionals from accounting professional organizations to participate as team members. Team members who are professionals from accounting professional organizations must have at least three years of experience working in the field of finance, accounting, and auditing."

đ) Amend and supplement point d, Clause 1 of Article 12 as follows:

"d) Evaluate the compliance with professional standards, accounting systems, and related accounting laws during the accounting service business operations of the inspected entity. Based on inspection documents and professional judgment, the inspection team will provide opinions on the inspection contents in the Inspection Report on Accounting Services Activities (Appendix IV promulgated together with this Circular and hereinafter referred to as the "inspection report").

e) Amend Clause 1 of Article 16 as follows:

"1. Documents and materials related to the inspection contents are guided in Clause 2, Section II of Appendix I promulgated together with this Circular."

g) Amend Clause 1 of Article 17 as follows:

"1. The number of service contract files selected for inspection must represent the main types of services that the inspected entity usually provides to customers. In a regular inspection, there must be at least three service contract files selected for inspection. For each service contract file inspected, the Inspection Team issues an opinion on the compliance with professional standards, accounting regulations, and related accounting laws of each inspected service contract file."

h) Amend Clause 3 of Article 18 as follows:

"3. The opinion on the compliance with professional standards, accounting regulations, and related accounting laws is based on the results of inspecting the service contract files of the inspected entity. The Inspection Team bases its professional judgment on the scope, obligations, and responsibilities stipulated in the service contracts between the accounting service business unit and the accounting service recipient, the provisions of professional standards, accounting regulations, related accounting laws, and the actual performance of services by the inspected entity for the accounting service recipient, thereby evaluating the compliance with professional standards, accounting regulations, and related accounting laws of the inspected entity."

2. Replace certain phrases, Appendices in Circular No. 09/2021/TT-BTC as follows:

a) Replace Appendix I issued together with Circular No. 09/2021/TT-BTC with Appendix I issued together with this Circular.

b) Replace Appendix IV issued together with Circular No. 09/2021/TT-BTC with Appendix IV issued together with this Circular.

c) Replace Appendix V issued together with Circular No. 09/2021/TT-BTC with Appendix V issued together with this Circular.

d) Replace the phrase "60 working days" with the phrase "60 days" in Clause 5 of Article 9.

đ) Replace the phrase "customer" with the phrase "accounting service recipient" in Clause 2 of Article 4 and Clause 3 of Article 13.

3. Repeal Appendix III issued together with Circular No. 09/2021/TT-BTC.

Article 5. Effective Date

1. This Circular takes effect from July 1, 2024.

2. During implementation, if there are difficulties or obstacles, please report to the Ministry of Finance for study and resolution./.

APPENDIX NO. 02/ACCT

(Attached to Circular No. 23/2024/TT-BTC dated April 12, 2024 of the Minister of Finance)

 

Pursuant to …;

Regarding the approval for the organization to conduct knowledge updates for accountants

DIRECTOR OF THE DEPARTMENT OF ACCOUNTING MANAGEMENT AND SUPERVISION

Pursuant to the Accounting Law dated November 20, 2015;

Pursuant to Circular No. 292/2016/TT-BTC dated November 15, 2016 of the Ministry of Finance guiding annual knowledge updates for practicing accountants and those registering to practice accounting services;

Pursuant to Circular No. 23/2024/TT-BTC dated April 12, 2024 of the Minister of Finance amending and supplementing some articles of circulars guiding management and inspection of accounting service activities;

At the proposal of the Head of the Department of Accounting Management and Supervision of Enterprises,

DECISION:

Clause 4 of Article 6Approve for ... (name of the organization) to organize knowledge updates for accountants according to the content of the program registered in the "Application for Organizing Knowledge Updates for Accountants in Year..." number ... dated ... day ... month ... year ...

12/2025/TT-BNNMT dated June 19, 2025 issued by the Minister of Agriculture and EnvironmentThe organization is responsible for strictly complying with the regulations on knowledge updates for accountants and reporting requirements as stipulated in Circular No. 292/2016/TT-BTC dated November 15, 2016 of the Ministry of Finance guiding annual knowledge updates for practicing accountants and those registering to practice accounting services and any subsequent amendments and supplements. If there are changes in organizing classes, no longer meeting the conditions, or ceasing to organize knowledge updates for accountants, please notify the Department of Accounting Management and Supervision, Ministry of Finance in writing or electronically.

Article 3. This Decision takes effect from the date of signing. The Head of the Department of Accounting Management and Supervision of Enterprises is responsible for supervising the implementation of knowledge updates for accountants by organizations that have registered with the Department of Accounting Management and Supervision, Audit./.

 

 

ANNEX 3

MODEL CERTIFICATE OF ELIGIBILITY FOR ACCOUNTING SERVICES BUSINESS
(Attached to Circular No. 23/2024/TT-BTC dated April 12, 2024 of the Minister of Finance)

 

CERTIFICATE OF INSURANCE OR OTHER FINANCIAL SECURITY

ELIGIBLE FOR ACCOUNTING SERVICES BUSINESS

Number:                    

First Issued, Date ….... the …... year …….

Reissued for the ... time …..on….. the …. year ……

THE MINISTER OF FINANCE

Based on the Accounting Law No. 88/2015/QH13 dated November 20, 2015;

Based on Circular No. 297/2016/TT-BTC dated November 15, 2016 of the Ministry of Finance on issuing, managing, and using the Certificate of Eligibility for Accounting Services Business;

Pursuant to Circular No. 23/2024/TT-BTC dated April 12, 2024 of the Minister of Finance amending and supplementing some articles of circulars guiding management and inspection of accounting service activities;

Upon reviewing the application for issuance of the Certificate of Eligibility for Accounting Services Business of(name of enterprise).

CERTIFICATE:

1. Enterprise Name: ...

2. Enterprise name in foreign language(if applicable)...

3. Abbreviated enterprise name (if applicable)...4. Main office address:...

5. Legal representative:

5.1. Name:...Gender:...

Date of birth:...Position:...

Accounting certificate/audit certificate number:...issued on:...

Authorized to practice accounting services at (name of enterprise) from day...month....year......

5.2. Name:...Gender:...

6. Director/General Director (If not concurrently the legal representative):

Accounting certificate/audit certificate number:...issued on:...

Authorized to practice accounting services at (name of enterprise) from day...month....year......

5.2. Name:...Gender:...

Name...

Date of birth:...Gender:...

ELIGIBLE FOR ACCOUNTING SERVICES BUSINESS

Authorized to practice accounting services at (name of enterprise) from day...month....year......

5.2. Name:...Gender:...

from day ... month ... year ... in accordance with the Accounting Law No. 88/2015/QH13.Date.... month....year......

 

 

ELIGIBLE FOR ACCOUNTING SERVICES BUSINESS

1. Maintain and ensure the eligibility conditions for conducting accounting services throughout the period of operation.

REGULATIONS

2. Not alter, erase, or modify the contents recorded in the Certificate of Eligibility for Accounting Services Business.

3. Not lease, lend, pledge, sell, or transfer the Certificate of Eligibility for Accounting Services Business.

2. Do not alter, erase the content recorded in the Certificate of Eligibility for Accounting Service Business.

3. Do not lease, lend, pledge, sell, transfer the Certificate of Eligibility for Accounting Service Business.

4. Notify the Ministry of Finance and proceed with the procedures to reissue according to regulations if there are changes in the name, legal representative, director, general manager, and main office address of the business or branch of foreign accounting service businesses operating in Vietnam.

5. Report immediately to the police agency and notify the Ministry of Finance in case the Certificate of Eligibility for Accounting Service Business is lost, and simultaneously prepare the application for reissuance according to regulations.

6. Return the Certificate of Eligibility for Accounting Service Business to the Ministry of Finance when ceasing accounting service business operations or upon a decision to revoke it.

 

ANNEX 7

MODEL REPORT ON BUSINESS OPERATIONS SITUATION
(Attached to Circular No. 23/2024/TT-BTC dated April 12, 2024 of the Minister of Finance)

 

REPORT

BUSINESS OPERATIONS SITUATION FOR THE YEAR …………………..... (from January 1 to December 31)

Respectfully submitted to: Ministry of Finance

Implementing the provisions of Circular No. 297/2016/TT-BTC of the Ministry of Finance on issuance, management, and use of the Certificate of Eligibility for Accounting Service Business and Circular No. 23/2024/TT-BTC dated April 12, 2024 of the Minister of Finance amending and supplementing certain articles of circulars guiding the management and inspection of accounting service activities,(name of the accounting service business unit),reports on the business operations situation for the year ……… as follows:

1. Staff Situation:

2. Revenue Situation:

Unit of measurement: Million VND- Office of the President of the State

3. Customer Situation

Unit of measurement: Customers

4. Business Results:

Unit of measurement: Million VND

(Company name change; change in legal representative, Director/General Manager); change in ownership form; conversion of business type; division, separation, merger, consolidation; increase or decrease in registered accountants...), amended and supplemented by Decree No. 109/2025/NĐ-CP and Decree No. 193/2025/NĐ-CP6. Advantages, difficulties, and recommendations, proposals, or other information that the company needs to provide to the Ministry of Finance (if any):

- Recommendations (to the Ministry of Finance, to professional associations, etc.)

Other information.

- Favorable

- Difficulties

……., day …..month……year…..

- (Signature, full name, and stamp)

 

Note.:

I. Preparation Stage for Inspection

ANNEX I

(Attached to Circular No. 23/2024/TT-BTC dated April 12, 2024 of the Minister of Finance)

1. Selection of Accounting Service Businesses for Inspection

Annually, the Ministry of Finance bases on the inspection period specified in Article 7 of this Circular to select the subjects for regular direct inspection. The annual subjects for regular direct inspection are units that have been established, commenced operations, and engaged in accounting service business for at least 36 months up to the inspection date, prioritizing those with higher average annual accounting service revenue over the preceding three years compared to other units or those that have not yet been subject to regular direct inspection.

2. Formation of Inspection Teams

The Ministry of Finance establishes inspection teams and appoints the Team Leaders, ensuring independence, objectivity, and suitability to the qualifications and capabilities of each team member to achieve the goals and contents of the inspection.ì3. Notification to Accounting Service Businesses for Inspection

The Ministry of Finance notifies the plan for inspecting accounting service activities in writing to each accounting service business subject to inspection at least 10 working days before the start of the inspection. The notification must include the purpose, requirements, content, scope, time frame, and list of documents that the inspected accounting service business must prepare.

In cases of force majeure or objective reasons, changing the direct inspection time at the accounting service business is carried out according to the provisions of point a, Clause 1, Article 13 of this Circular.

II. Implementation Stage of Inspection

1. Step 1: The Inspection Team works with the inspected entity

a) The Team Leader announces the Decision on Direct Inspection issued by the leading inspection authority regarding the direct inspection of accounting service business operations;

b) Request the inspected entity to arrange personnel with appropriate functions and authorities to cooperate with the Inspection Team;

c) Representatives of the inspected entity report on organizational structure, operational status, and accounting service provision processes to clients;

d) Sign the "Commitment to Independence and Confidentiality of Inspection Team Members" according to the model attached as Appendix II to this Circular, witnessed by the inspected entity;

đ) The inspected entity provides all requested files and documents to the Inspection Team.

2. Step 2: Conduct inspections according to the Inspection Decision.

2.1. Inspect compliance with laws and regulations related to accounting practice and accounting service business operations, including:a) Review and examine relevant files and documents concerning the registration and operation of accounting service business of the inspected entity;b) Review and examine relevant files and documents concerning the maintenance of conditions for practice and business operation of accounting service of the inspected entity;

c) Review and examine relevant files and documents concerning the compliance with reporting and notification obligations of the inspected entity;

d) Review and examine relevant files and documents concerning the fulfillment of obligations to pay fees for issuance and reissuance of the Registration Certificate for Accounting Service Practice and the Certificate of Eligibility for Accounting Service Business according to the regulations of the inspected entity;

2.1. Inspect compliance with laws governing the practice and business of accounting services and related accounting laws, including:

a) Review and examine relevant files and documents concerning the registration of practice and accounting service business of the inspected entity;

b) Review and examine relevant files and documents concerning the maintenance of conditions for practice and accounting service business of the inspected entity;

c) Review and examine relevant files and documents concerning the fulfillment of reporting and notification obligations of the inspected entity as prescribed;

d) Review and examine relevant files and documents concerning the fulfillment of obligations to pay fees for issuance and reissuance of the Registration Certificate for Accounting Service Practice and the Certificate of Eligibility for Accounting Service Business of the inspected entity as prescribed;

d) An assessment of the degree of compliance with laws governing the practice and business of accounting services of the entity being inspected.

2.2. Inspection of the situation regarding compliance with professional standards, accounting systems, and related accounting laws, including:

a) Selecting relevant files related to accounting service contracts for inspection in accordance with this Circular;

b) Inspecting and reviewing files and documents to examine procedures and processes for accepting clients and providing accounting services of the entity being inspected in accordance with professional standards, accounting systems, and related accounting laws;

c) Inspecting and reviewing each selected accounting service contract to collect appropriate evidence as a basis for evaluating the current compliance with accounting laws of the entity being inspected, including:

c1) For accounting vouchers of the entity receiving accounting services

Based on the content of signed service contracts with customers, relevant files and documents for each service contract, and current accounting laws, the Inspection Team will review whether the entity being inspected has carried out procedures for checking accounting vouchers; check the completeness, clarity, and consistency of information between accounting vouchers of the entity receiving accounting services and other related documents, serving as a basis for assessing compliance with regulations of the entity being inspected.

c2) For accounting books of the entity receiving accounting services

Based on the content of signed service contracts with customers, relevant files and documents for each service contract, and current accounting laws, the Inspection Team will review whether the entity being inspected has carried out procedures for checking accounting vouchers; reconcile the accuracy of information between accounting books and accounting vouchers of the entity receiving accounting services and other related documents before recording in the accounting books, serving as a basis for assessing compliance with regulations concerning accounting books of the entity being inspected.

c3) For financial statement preparation and presentation services of the entity receiving accounting services

Based on the content of signed service contracts with customers, relevant files and documents for each service contract, and current accounting laws, the Inspection Team will review whether the entity being inspected has carried out procedures for checking accounting vouchers; reconcile the accuracy of information between accounting books and accounting vouchers of the entity receiving accounting services and other related documents before recording in the accounting books, preparing and presenting financial statements, serving as a basis for assessing compliance with regulations concerning the preparation and presentation of financial statements of the entity being inspected.

c4) For other accounting-related services (if any):

Based on the content of signed service contracts with customers, relevant files and documents for each service contract, and current accounting laws, the Inspection Team will review whether the entity being inspected has carried out procedures for checking other accounting-related services, serving as a basis for assessing compliance with regulations of the entity being inspected.

d) An evaluation of the compliance with professional standards, accounting systems, and related accounting laws of each inspected file. The inspected entity shall be considered to have committed professional errors or violated accounting standards and ethical standards causing serious consequences or having the potential to cause serious consequences if it falls under any of the following circumstances:

d1) Providing accounting services to entities that are not allowed to receive such services according to accounting laws;

d2) Preparing and presenting financial reports for entities receiving accounting services without complying with professional standards, accounting systems, and related accounting laws, leading to significant misstatements in these entities' financial reports, thereby preventing users from accurately assessing the financial status and business results of the enterprise.

III. Final stage of the inspection

1. Upon completion of the direct inspection, the Inspection Team must draft an Inspection Record, discuss the draft Inspection Record with the legal representative of the inspected entity. After approving the Inspection Record, the legal representative of the inspected entity, the Head of the Inspection Team, and members of the Inspection Team are responsible for signing the Inspection Record immediately after the end of the inspection. If the inspected entity disagrees with the evaluation opinions or conclusions of the Inspection Team, the inspected entity must clearly record this in the Inspection Record.

In case the inspected entity is found to have committed administrative violations, the Inspection Team must prepare and submit an Administrative Violation Record along with related documents and files to the competent authority for administrative penalties in accordance with the law.

2. The Inspection Record of accounting service business activities includes the following contents:

a) Time and place of inspection, inspected entity, composition of the inspection team, purpose, scope, and limitations of the inspection (if any);

b) A general description of the inspected entity and the characteristics of the inspection;

c) A summary description of the process of inspecting accounting service business activities at the inspected entity;

d) Inspection results include:

(i) Description and evaluation opinion on the compliance with laws governing the practice and business of accounting services of the inspected entity;

(ii) Description and evaluation opinion on the compliance with professional standards, accounting systems, and related accounting laws of the inspected entity;

(iii) Recommendations for measures to correct deficiencies and errors (if any);

(iv) Opinion of the inspected entity.

IV. Post-inspection Stage

1. Handling issues with differing opinions on the inspection results (if any).

2. The main inspection agency prepares and publicly announces a consolidated report on the inspection results in accordance with this Circular.

ANNEX IV

(Attached to Circular No. 23/2024/TT-BTC dated April 12, 2024 of the Minister of Finance)

SOCIALIST REPUBLIC OF VIET NAM
- Office of the President of the Stateoc establish - freedom - happiness
-----------------

RECORD

Conducting the accounting service operation inspection for the year…….

Pursuant to Decision No... dated... / ... / ... of the Minister of Finance on inspecting the accounting service operations for the year … and the Decision establishing the inspection team for inspecting the accounting service business operations at Company... as stipulated in Circular No......, dated..... The Ministry of Finance (Department of Accounting and Auditing Supervision) has conducted an inspection of the accounting service business operations at the Company.………..

Composition of the Inspection Team

1/ Mr./Ms.... Position...

2/ Mr./Ms.... Position...

3/ Mr./Ms.... Position...

………………………………………………………………………………………………………

………………………………………………………………………………………………………

Representative of the Company......

1/ Mr./Ms.... Position...

2/ Mr./Ms.... Position...

3/ Mr./Ms.... Position...

………………………………………………………………………………………………………

………………………………………………………………………………………………………

Both parties have agreed on issues related to the purpose of the inspection, responsibilities of each party, and the results of the inspection as follows:

I. Purpose of the Inspection

- Assess compliance with laws regarding registration, maintaining conditions for practice, and conditions for conducting accounting services;

- Assess compliance with professional standards, accounting systems, and relevant accounting laws during the provision of accounting services by accounting service businesses;

- Identify and promptly correct existing issues, propose measures to rectify errors, and handle violations discovered through the inspection.

Reason for the inspection: …

………………………………………………………………………………………………………

………………………………………………………………………………………………………

II. Responsibilities of Each Party

1. Responsibilities of the inspected entity

- Adhere to the system of professional standards, accounting systems, and relevant accounting laws during practice and provision of accounting services;

- Provide the inspection team with all necessary documents related to the inspection content and be responsible for the truthfulness and legality of the provided documents;

- Cooperate and facilitate the inspection team's work, arrange practicing accountants and representatives of the Board of Directors to be available for discussion and explanation of information as required by the inspection team;

- If there are differing opinions on the inspection results, the inspected entity may retain its opinion in the Inspection Report.

- Rectify identified deficiencies and errors during the inspection process at the entity.

2. Responsibilities of the Inspection Team

- Inspect compliance with laws regarding practice and provision of accounting services;

- Inspect compliance with professional standards, accounting systems, and relevant accounting laws;

- Ensure independence and objectivity towards the inspected entity; the inspection shall not affect the business operations of the inspected entity;

- Safeguard confidential information and documents provided by the entity during the inspection;

- Based on the compliance inspection results, the inspection team evaluates the situation of compliance with laws regarding practice and provision of accounting services; compliance with professional standards, accounting systems, and relevant accounting laws for each inspected accounting service file.

III. Inspection Results

After … days of work, the inspection team has grasped the following main situations:

1. Organizational structure and operational status of the inspected entity and scope of inspection limitations (if any)

2. Results of the inspection of compliance with laws regarding practice and provision of accounting services

2.1. Inspection procedures and processes.

2.2. Inspection results and evaluation of compliance with laws regarding practice and provision of accounting services, along with recommendations for corrective measures to address identified deficiencies and errors (if any).

3. Results of the inspection of compliance with professional standards, accounting systems, and relevant accounting laws

3.1. Selected accounting service files for inspection.

3.2. Inspection results and evaluation of compliance with laws regarding professional standards, accounting systems, and relevant accounting laws for the selected accounting service files, along with recommendations for corrective measures to address identified deficiencies and errors (if any).

4. Opinion of the Company:

- Explanation of opinions:

……………………………………………………………………………………………………………

- Recommendations to the Ministry of Finance

……………………………………………………………………………………………………………

- Recommendations to other agencies

……………………………………………………………………………………………………………

During the inspection period, the company has/had not shown a cooperative attitude, coordination, and timely provision of relevant documents and information for the inspection team to carry out its assigned tasks.

This accounting service operation inspection report has been approved with the agreement of both parties and is made in four copies: one copy retained by the company, three copies retained by the inspection organizing agency.

 

 

ANNEX V

(Attached to Circular No. 23/2024/TT-BTC dated April 12, 2024 of the Minister of Finance)

 

REPORT

Summary of the results of the accounting service operation inspection for the year…….

Implementing the plan for inspecting the accounting service business operations for the year…….from the date.... to the date…The Ministry of Finance (Department of Accounting and Auditing Supervision) has organized the direct inspection of accounting service business operations at... accounting service businesses, including:

1/ Company...

2/ Company...

………………………………………………………………………………………………………

1. Name of Rural Industrial Enterprise (

1. Purpose of the Inspection

- Assess compliance with laws regarding registration, maintaining conditions for practice, and conditions for conducting accounting services;

- Assess compliance with professional standards, accounting systems, and relevant accounting laws during the provision of accounting services by accounting service businesses;

- Identify and promptly correct existing issues, propose measures to rectify errors, and handle violations discovered through the inspection.

2. Content of inspection

2.1. Inspect compliance with laws regarding registration, maintenance of conditions for practice and provision of accounting services by individual accounting service practitioners and accounting service businesses in Vietnam, including:

a) Registration, maintenance of conditions for providing accounting services and fulfillment of reporting and notification obligations by accounting service businesses;

b) Registration, maintenance of conditions for practice and fulfillment of reporting and notification obligations by practicing accountants.

2.2. Inspect compliance with professional standards, accounting systems, and relevant accounting laws by the inspected entity when providing accounting services to the recipient of such services. Professional standards include accounting standards and ethical standards for accounting and auditing.

3. Composition of the Inspection Team:…………………………………………………………………

4. Inspection Procedures:……………………………………………………………………………

II. SUMMARY OF INSPECTION RESULTS

1. General overview of the inspected accounting service businesses

2. Characteristics of the entities receiving accounting services

3. Evaluation of compliance with laws regarding registration and maintenance of conditions for practice and provision of accounting services

4. Evaluation of compliance with professional standards, accounting systems, and relevant accounting laws

5. Recommendations of the inspected entity

III. SUMMARY OF MEASURES TO HANDLE VIOLATIONS BY INSPECTED ENTITIES

1. Measures to address deficiencies and violations.

2. Report on the results of implementing recommendations to rectify errors, shortcomings, and limitations identified by the inspection team during the inspection process.