Circular No. 66/2015/TT-BTC Issuing Vietnamese Standards on Other Assurance Services Contracts

CIRCULAR

Issuing Vietnamese Standards on Other Assurance Engagements Contracts

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Pursuant to the Law on Independent Auditing No. 67/2011/QH12 dated March 29, 2011;

Pursuant to Decree No. 17/2012/NĐ-CP dated March 13, 2012 of the Government detailing and guiding the implementation of certain provisions of the Independent Audit Law;

Pursuant to Decree No. 215/2013/NĐ-CP dated December 23, 2013 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;

At the proposal of the Chairman of the Vietnam Association of Certified Public Accountants, the Director of the Department of Accounting Systems and Auditing,

The Minister of Finance issues this Circular on issuing Vietnamese Standards on Other Assurance Engagements Contracts.

Article 1. This Circular sets out three (03) Vietnamese Standards on Other Assurance Engagements Contracts, including:

1. Vietnamese Standard on Other Assurance Engagements Contract No. 3000 - Other Assurance Engagements Contracts outside Audit and Review of Past Financial Information.

2. Vietnamese Standard on Other Assurance Engagements Contract No. 3400 - Examination of Future Financial Information.

3. Vietnamese Standard on Other Assurance Engagements Contract No. 3420 - Assurance Engagement Report on Aggregated Financial Information in Prospectus.

Article 2. This Circular applies to auditing firms, branches of foreign auditing firms in Vietnam, practicing auditors, and related organizations and individuals during the provision of other assurance services as stipulated in Article 1 of this Circular.

Article 3. Organizations, entities, and individuals involved in the importation, production, processing, blending, distribution, and retail sale of gasoline, diesel fuel, and biofuel must comply with the provisions of the National Technical Regulations on gasoline, diesel fuel, and biofuel promulgated along with this Circular.

For other assurance engagements contracts implemented before January 1, 2016 but reports on such assurance services are issued after January 1, 2016, these contracts must comply with the Vietnamese Standards on Other Assurance Engagements Contracts issued under this Circular.

Article 4. The Director of the Department of Accounting Systems and Auditing, auditing firms, branches of foreign auditing firms in Vietnam, practicing auditors, and related organizations and individuals are responsible for implementing this Circular./.