Decision No. 314/QD-BTC on the functions, tasks, powers, and organizational structure of the Accounting System and Audit Department

Pursuant to …;

Regulations on functions, tasks, powers, and organizational structure

of the Accounting System and Auditing Department

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THE MINISTER OF FINANCE

Pursuant to Decree No. 178/2007/NĐ-CP dated December 3, 2007 of the Government stipulating the functions, tasks, powers, and organizational structure of ministries and ministerial-level agencies;

Pursuant to Decree No. 118/2008/NĐ-CP dated November 27, 2008, of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;

At the proposal of the Head of the Accounting System and Auditing Department and the Head of the Cadre Organization Department,

DECISION:

Article 1. Position and Functions

The Accounting System and Auditing Department is a unit within the state management machinery of the Ministry of Finance with the function of assisting the Minister of Finance in exercising unified state management over accounting, independent auditing, and internal auditing (hereinafter referred to collectively as accounting and auditing) throughout the country.

Article 2. Task

1. Submit to the Minister of Finance strategies, plans, measures for improving and modernizing the legal system on accounting and auditing.

2. Submit to the Minister of Finance projects and draft regulatory documents on accounting and auditing.

3. Guide ministries, central agencies, localities, and units in implementing accounting principles, auditing standards, accounting systems, procedures, and specialized methods in accounting and auditing.

4. Take the lead in developing or reviewing accounting systems applicable to enterprises, organizations, and special economic and social sectors.

5. Inspect and supervise the implementation of regulatory documents on accounting and auditing; coordinate with the Financial Inspectorate to conduct compliance inspections on accounting and auditing laws and handle violations in the field of accounting and auditing.

6. Participate in building national financial policy strategies and researching and drafting regulatory documents on finance, tax, and other areas under the jurisdiction of the finance sector related to accounting and auditing.

7. Submit to the Minister of Finance decisions to suspend the enforcement of guidance documents on accounting and auditing that contravene State regulations and those of the Ministry of Finance.

8. Participate in forensic accounting and auditing; resolve disputes and disagreements on accounting and auditing at the request of the Minister of Finance.

9. Manage and supervise standards, conditions for establishment, and quality of professional activities of organizations and individuals engaged in accounting and auditing services; inspect and supervise the organization of training and issuance of chief accountant certificates by training institutions.

10. Guide professional associations on accounting and auditing in implementing activities within their fields according to the law; manage and supervise the operations of professional associations on accounting and auditing.

11. Uniformly manage accountants, auditors, and accounting and auditing service enterprises according to the law; review and publicly list auditors and auditing enterprises meeting the legal requirements for practice; implement compliance inspections on accounting laws and service quality in accounting and auditing enterprises and practicing accountants.

12. Serve as the permanent member of the Examination Council for issuing national auditor and public accountant certificates and other national councils in the field of accounting and auditing as decided by the Minister of Finance; compile and review standards and conditions and submit to the Minister of Finance for issuing auditor and public accountant certificates according to the law.

13. Propose and organize the implementation of international cooperation and integration tasks in the field of accounting and auditing as assigned by the Minister of Finance; participate in negotiations regarding accounting and auditing professional activities in the region and globally.

14. Lead and coordinate in developing content, programs, and study materials for auditor and practicing accountant examinations.

15. Organize scientific research or cooperate in scientific research on accounting and auditing according to the plan and content approved by the Minister of Finance.

16. Summarize and evaluate the implementation of legal documents on accounting and auditing and professional activities in accounting and auditing.

17. Perform other tasks and powers delegated by the Minister.

Article 3. Organizational Structure

The Accounting System and Auditing Department has a Director and several Deputy Directors.

The Director of the Accounting System and Auditing Department is responsible before the Minister of Finance for all activities of the Department; manages civil servants and assets allocated according to regulations.

The Deputy Directors of the Accounting System and Auditing Department are responsible before the Director for the tasks assigned to them.

The Accounting System and Auditing Department has the following divisions:

1. State Accounting System Division;

2. Enterprise Accounting System Division;

3. Banking and Financial Organization Accounting System Division;

4. Auditing System Division;

5. Consolidation and Inspection Division.

Specific tasks of the divisions are determined by the Director of the Accounting System and Auditing Department.

The Accounting System and Auditing Department operates under a specialist system combined with divisional organization. For tasks carried out under the specialist system, the Director assigns duties to staff and civil servants in accordance with their positions, qualifications, and professional capabilities to complete the tasks.

The staffing of the Accounting System and Auditing Department is decided by the Minister of Finance.

Article 4. Responsibilities, powers of the Director

1. Organize and direct the implementation of the tasks of the Department as stipulated in Article 2 of this Decision.

2. Request relevant agencies and organizations to provide documents and data for inspection, summary, and evaluation of the implementation of policies and systems on accounting and auditing.

3. Sign guidance documents, explanations, and responses to issues arising from the implementation of regulatory documents on accounting and auditing, documents approving the application of accounting and auditing systems issued according to the assignment of the Minister of Finance, and documents signed on behalf of or by delegation of the Minister according to the Ministry's working regulations. document approving the application of accounting and auditing regimes issued according to the division of responsibilities by the Minister of Finance and documents signed by proxy or delegated authority by the Minister in accordance with the Ministry's operational regulations.

Article 5. Effectiveness and Responsibility for Implementation

This Decision takes effect from the date of signing. It abolishes Decision No. 175/2003/QD-BTC dated October 20, 2003 of the Minister of Finance promulgating the Regulations on the Functions, Tasks, Powers, and Organizational Structure of the Accounting System and Auditing Department.

The Director of the Accounting System and Auditing Department, the Director of the Cadre Organization Department, the Director of the Ministry of Finance's Office, and the Heads of units and organizations under the Ministry are responsible for implementing this Decision./.