Decision No. 94/2007/QD-BTC Issuing the Examination Regulations and Granting the Certified Public Accountant Certificate and the Accounting Practice Certificate

MINISTRY OF FINANCE *****	SOCIALIST REPUBLIC OF VIET NAM Independence – Freedom – Happiness *******
Number: 94/2007/QD-BTC	Hanoi, November 16, 2007

Pursuant to …;

ISSUING REGULATIONS ON EXAMINATION AND ISSUE OF CERTIFICATES FOR AUDITORS AND PRACTICE CERTIFICATES FOR ACCOUNTANTS

THE MINISTER OF FINANCE

Pursuant to the Accounting Law No. 03/2003/QH 11 dated June 17, 2003;
Pursuant to the Government Decree No. 129/2004/ND-CP dated May 31, 2004 detailing and guiding the implementation of certain provisions of the Accounting Law applicable to business operations;
Pursuant to the Government Decree No. 105/2004/ND-CP dated March 30, 2004 on independent auditing;
Pursuant to the Government Decree No. 77/2003/ND-CP dated July 1, 2003 on the functions, tasks, powers, and organizational structure of the Ministry of Finance;
Based on the proposal of the Director of the Accounting and Auditing Regulations Department and the Director of the Cadres and Civil Servants Organization Department,

DECISION:

Article 1

.

The accompanying this Decision are "Regulations on Examination and Issuance of Auditor Certificates and Practice Certificates for Accountants".

Article 2.

This Decision shall take effect fifteen days from the date of publication in the Official Gazette and shall replace Decision No.

59/2004/QD-BTC dated July 9, 2004 of the Minister of Finance issuing Regulations on Examination and Issuance of Auditor Certificates and Practice Certificates for Accountants.

Article 3.

The Directors of the Accounting and Auditing Regulations Department, the Cadres and Civil Servants Organization Department, the Chairman of the National Examination Board for Auditors and Practicing Accountants, and the Heads of relevant units shall be responsible for implementing this Decision./.

DEPUTY MINISTER DEPUTY MINISTER Tran Van Ta

REGULATIONS

EXAMINATION AND ISSUE OF CERTIFICATES FOR AUDITORS AND PRACTICE CERTIFICATES FOR ACCOUNTANTS
(Accompanying Decision No. 94/2007/QD-BTC dated November 16, 2007 of the Minister of Finance)

Chapter 1:

GENERAL PROVISIONS

Article 1: Candidates for Examination

Vietnamese citizens or foreigners permitted to reside in Vietnam who meet all examination conditions stipulated in Article 2 of these Regulations may participate in examinations for Auditor Certificates and Practice Certificates for Accountants.

Article 2: Examination Conditions

1. Candidates for a Practice Certificate for Accountants must satisfy the following conditions:

a) Have a clear record, possess professional ethics, honesty, integrity, and not belong to any prohibited categories for practicing accounting or auditing as prescribed by law;

b) Hold a Bachelor's degree in Finance, Accounting, or Auditing;

c) Have at least five years of practical work experience in finance and accounting from the year indicated on their Bachelor's degree certificate;

d) Possess a computer proficiency certificate at level B or higher;

đ) Submit complete and correct application forms and examination fees as prescribed in Article 3 of these Regulations.

2. Candidates for an Auditor Certificate must satisfy the following conditions:

a) Meet the conditions specified in points a, d, đ of Clause 1 of this Article;

b) Hold a Bachelor's degree in Finance, Accounting, or Auditing; or a Bachelor's degree in Economics, Business Administration, or Business Management with a total of more than 10% of the course credits in subjects such as Finance, Accounting, Auditing, Financial Analysis, and Taxation;

c) Have at least five years of practical work experience in finance and accounting from the year indicated on their Bachelor's degree certificate; or have at least four years of practical work experience as an audit assistant in an auditing firm;

d) Possess a foreign language proficiency certificate at level C or higher in one of the five commonly used languages: English, Russian, French, Chinese, or German; or hold a Bachelor's degree from a country where instruction is conducted in one of these five languages.

3. Individuals already holding a Practice Certificate for Accountants who wish to take the examination for an Auditor Certificate must also meet the condition specified in point d of Clause 2 of this Article.

4. Foreigners wishing to participate in the aforementioned examinations, in addition to meeting the examination conditions stipulated in Clauses 1, 2, and 3 of this Article, must also have permission to reside in Vietnam.

Article 3: Examination registration files and examination fees

1. Examination registration file:

1.1. For individuals registering for the first time to obtain an Auditor Certificate or a Certified Public Accountant Certificate, the examination registration file shall include:

a) An examination registration form;

b) A curriculum vitae confirmed by the labor management unit where the individual is employed, or by the local People's Committee where the individual resides; for foreign individuals, a copy of their passport issued by their home country, confirmed by the labor management unit must also be submitted;

c) Copies of certificates and diplomas as specified in points b and d of Clause 1 and points b and d of Clause 2 of Article 2 of this Regulation, confirmed by the issuing organization or a notary public. If it is a bachelor’s degree in economics, business administration, or business management, a transcript with detailed credit hours for all subjects must be attached;

d) Three recent color photographs measuring 4 x 6 inches taken within six months, two envelopes with stamps and clearly marked with the recipient's name and address;

1.2. For individuals re-registering for topics they previously failed or for additional topics they have not yet taken, or to meet the total score requirements stipulated in Clause 4 of Article 7 of this Regulation, the registration file shall include:

a) An examination registration form;

b) Copies of the examination result certificates from previous sessions announced by the Examination Board;

c) Photographs and envelopes as specified in point 1.1 of Clause 1 of this Article;

1.3. For individuals holding a Certified Public Accountant Certificate wishing to register for the Auditor Certificate, the registration file shall include:

a) An examination registration form;

b) A curriculum vitae confirmed by the labor management unit where the individual is employed, or by the local People's Committee where the individual resides; for foreign individuals, a copy of their passport issued by their home country, confirmed by the labor management unit must also be submitted;

c) Copies of the Certified Public Accountant Certificate, and a certificate of proficiency in a foreign language at level C or higher, confirmed by the issuing organization or a notary public;

d) Photographs and envelopes as specified in point 1.1 of Clause 1 of this Article.

2. The examination registration file shall be issued by the Examination Board according to a unified model. Individuals registering for the examination must submit the file to the Examination Board or authorized units no later than 30 days before the examination date.

3. Examination fees are calculated per topic and per session by the Examination Board and announced for each session after approval by the Ministry of Finance.

4. Units receiving examination registration files will only accept files that are complete and accompanied by full examination fees.

Article 4: Examination Content

1. Individuals taking the Certified Public Accountant Certificate examination must pass five examination topics:

(1) Economic laws and the Law on Enterprises;

(2) Advanced financial management and financial management;

(3) Advanced tax management and tax administration;

(4) Advanced financial accounting and managerial accounting;

(5) Practical computer skills (level B).

2. Individuals taking the Auditor Certificate examination must pass eight examination topics:

(1) Economic laws and the Law on Enterprises;

(2) Advanced financial management and financial management;

(3) Advanced tax management and tax administration;

(4) Advanced financial accounting and managerial accounting;

(5) Advanced auditing and assurance services;

(6) Advanced financial activity analysis;

(7) Practical computer skills (level B);

(8) Foreign language (level C).

3. Individuals holding a Certified Public Accountant Certificate who are taking the Auditor Certificate examination must take the remaining three topics required for the Auditor Certificate examination:

(1) Advanced auditing and assurance services;

(2) Advanced financial activity analysis;

(3) Foreign language (level C).

4. The content of each examination topic is specified in Appendix No. 01 attached to this Regulation. Each topic must demonstrate up-to-date professional knowledge, practical skills, and relevant experience.

5. Individuals registering for the Certified Public Accountant Certificate examination must take at least three topics as specified in Clause 1 of this Article for the first time. Individuals registering for the Auditor Certificate examination must register for at least four topics as specified in Clause 2 of this Article for the first time.

6. The provisions regarding examination content from Clauses 1 to 5 of this Article shall be implemented starting from the examination session in 2008. Individuals taking examinations prior to the 2007 session will still be allowed to take the examination and retain their results based on the subjects specified in Decision No. 59/2004/QĐ-BTC dated July 9, 2004, issued by the Minister of Finance on the examination regulations and issuance of Auditor Certificates and Certified Public Accountant Certificates.

Article 5: Examination format

For each examination topic specified in Clause 1, Article 4 and Clauses 1 to 6, Article 4 of this Regulation, candidates must complete a written examination within 180 minutes. For the Practical Computing examination topic, candidates must complete a practical exercise on a computer within 30 minutes; for the Foreign Language examination topic, candidates must complete a written test within 60 minutes and answer oral questions within 30 minutes.

Article 6: Organization of examinations

1. The Examination Board shall organize at least one examination annually in the third quarter of each year. At least three months before the examination date, the Examination Board shall officially announce on mass media the conditions, standards, time, location, and other necessary information related to the examination.

2. To prepare for the examination, candidates must attend review classes organized by the Vietnam Association of Certified Public Accountants (VACPA) and the Vietnam Association of Accountants and Auditors (VAA) in collaboration with universities offering accounting and auditing majors to select qualified instructors to guide candidates in reviewing according to the unified program prescribed by the Ministry of Finance.

3. Within the latest period of 45 days from the end of the examination, the Examination Board must publish the examination results and notify the candidates.

Article 7: Examination results, retention of examination results, and exemption from examination

1. Examination topics meeting requirements: These are topics achieving a score of 5 or higher on a scale of 10 points.

2. Retention of examination results: Scores of examination topics meeting requirements are retained for three years starting from the first examination. During the retention period, candidates may take additional examinations for unattempted topics or retake only those topics not meeting requirements. Each examination topic can be attempted up to three times.

3. Re-examination to improve scores: Candidates who have met all four examination topics (1), (2), (3), (4) as stipulated in Clause 1, Article 4 or have met all six examination topics (1), (2), (3), (4), (5), (6) as stipulated in Clause 2, Article 4 or have met both two examination topics (1), (2) as stipulated in Clause 3, Article 4 but whose total score does not meet the required points as stipulated in Clause 4, Article 4 may choose unattempted topics to apply for re-examination to improve scores. In cases of re-examination, the examination result will be based on the score of the subsequent examination.

4. Conditions for meeting examination requirements:

a) Candidates applying for the Accounting Practice Certificate must meet all four examination topics (1), (2), (3), (4) and achieve a total score of 25 points or higher and meet the requirements of topic (5); such candidates shall be confirmed by the Chairman of the Examination Board as having met the examination requirements;

b) Candidates applying for the Auditor Certificate must meet all six examination topics (1), (2), (3), (4), (5), (6) and achieve a total score of 38 points or higher and meet the requirements of topics (7), (8); such candidates shall be confirmed by the Chairman of the Examination Board as having met the examination requirements;

c) Candidates holding an Accounting Practice Certificate applying for the Auditor Certificate must meet both two examination topics (1), (2) and achieve a total score of 12.5 points or higher and meet the requirements of topic (3); such candidates shall be confirmed by the Chairman of the Examination Board as having met the examination requirements.

d) In cases where exemption from examination topics that count towards the score is granted, 6.5 points will be deducted for each exempted topic. In cases where exemption from the Practical Computing or Foreign Language examination topics is granted, candidates are not required to take these examinations.

e) Candidates who meet the examination requirements in the first examination session are classified as type A; candidates who meet the examination requirements in the second examination session are classified as type B, and candidates who meet the examination requirements in the third examination session are classified as type C. After the letters A, B, C, the number of years for issuing the Certificate is indicated (Example: A.06 means meeting type A requirements in the 2006 examination session).

5. Exemption from the Foreign Language examination topic for the following categories:

a) Holders of a Bachelor's degree in foreign languages in English, Russian, French, Chinese, German, or a Bachelor's degree from countries where education is conducted in English, Russian, French, Chinese, or German.

b) Holders of an International English Test System (TOEFL) certificate with a score of 450 or higher or an International English Language Testing System (IELTS) certificate with a score of 5.0 or higher within a three-year period from the date on the certificate to the year of application.

c) Men aged 50 or older and women aged 45 or older with a certificate of proficiency level C in English, Russian, French, Chinese, or German.

6. Exemption from the Practical Computing examination topic for holders of a Bachelor's degree in Information Technology.

7. Exemption from both the Practical Computing and Foreign Language examination topics for holders of a Price Appraisal Certification Card issued by an authorized organization.

Article 8: Annulment of Examination Results

Within three years from the first examination period, if one of the subjects has been examined three times but does not meet the requirements or all subjects have met the requirements but the total examination score does not reach the number of points specified in Clause 4, Article 7 of this Regulation, then the previous examination results will be annulled. If the person whose examination results are annulled wishes to continue taking the examination, they must retake all the subjects prescribed in Clause 1, Clause 2, or Clause 3 of Article 4 of this Regulation.

Chapter 2:

NATIONAL EXAMINATION BOARD FOR AUDITORS AND PROFESSIONAL ACCOUNTANTS

Article 9: National Examination Board for Auditors and Professional Accountants

1. The National Examination Board for Auditors and Professional Accountants (hereinafter referred to as the Examination Board) shall be established by the Minister of Finance upon the proposal of the Director General of the Accounting and Audit System Department and the Director General of the Cadre and Civil Servant Organization Department.

2. The Examination Board is responsible for organizing the examinations for auditors and professional accountants according to the general examination regulations of the Ministry of Finance. For each examination period, the Chairman of the Examination Board must establish the Examination Committee, the Supervision Committee, the Grading Committee, and the Review Committee (if necessary).

3. The Examination Board is permitted to use the seal of the Ministry of Finance during its operational period.

4. Members of the Examination Board and those who sign contracts to prepare examination questions may not organize or participate in tutoring or review sessions for the examination after the Examination Board has announced the examination plan, content, and program for that year.

Article 10: Organization of the Examination Board

1. The Examination Board consists of: the Chairman of the Examination Board being a Deputy Minister of Finance; one Vice-Chairman in charge of the Accounting and Audit System Department; one Vice-Chairman being the leader of the Cadre and Civil Servant Organization Department; Secretary members and other members of the Examination Board are scientific staff and experts representing professional associations and some units under the Ministry of Finance. The maximum number of members of the Examination Board is nine people; the Examination Board is established for each examination period.

2. Those who have a father, mother, spouse, child, brother, sister, or sibling-in-law participating in a particular examination period shall not be allowed to join the Examination Board and related departments for that examination period.

3. The office of the Examination Board is located at the Accounting and Audit System Department, Ministry of Finance.

4. Supporting the Examination Board is a Standing Committee proposed by the Director General of the Accounting and Audit System Department and the Director General of the Cadre and Civil Servant Organization Department, decided by the Chairman of the Examination Board to establish, with a maximum of five people.

Article 11: Duties and Authorities of the Examination Board

1. Publicly announce the examination plan through mass media.

2. Organize examinations for auditors and professional accountants and proficiency tests for individuals holding accounting specialist certificates and foreign auditor certificates.

3. Develop examination questions and answers for each examination session.

4. Receive and review candidate application forms.

5. Review examination results.

6. Organize re-examinations of examination results if candidates request them.

7. Report to the Minister of Finance for approval of the results of each examination period, announce the examination results, and notify scores to each candidate.

8. Compile lists of candidates meeting the examination requirements for the first, second, and third examination periods and submit them to the Minister of Finance for issuance of Auditor Certificates and Professional Accountant Practice Certificates.

9. Proactively propose or participate in improving the Examination Regulations and Issuance of Auditor Certificates and Professional Accountant Practice Certificates when required.

Article 12: Working Regime of the Examination Council

1. The Examination Council operates under a collective regime. Decisions of the Examination Council must be made collectively, following the principle of voting with at least two-thirds of the members' agreement.

2. The Examination Council organizes one meeting before the examination period and one meeting after the examination period, convened by the Chairman of the Council. When necessary, the Chairman decides to convene extraordinary meetings.

3. The Examination Council may use administrative time to organize sessions and activities within its duties and powers. Members of the Council are entitled to remuneration deducted from examination fees at levels approved by the Ministry of Finance.

4. The program and content of each Examination Council meeting must be notified in writing to members five days before the meeting.

Article 13: Duties and Powers of Members of the Examination Council

1. Chairman of the Examination Council:

- Is responsible for organizing and implementing the duties and powers of the Examination Council as stipulated in Article 11 of this Regulation;

- Assigns responsibilities to Vice Chairmen and each member of the Council;

- Decides on the establishment of the Question Setting Committee, the Supervision Committee, the Marking Committee, and the Re-examination Committee;

- Organizes the contract for setting questions and answers with separate seals, selects questions and answers according to the prescribed content and program, ensuring absolute secrecy of the questions and answers before the examination; If necessary, invites the Question Review Team.

- Reports to the Minister of Finance the results of the examinations;

- Delegates authority to the Vice Chairman of the Council to manage the Council's work in his absence.

2Vice Chairman of the Examination Council: Manages the regular operations of the Council according to the assignment of the Chairman of the Council.

3. Vice Chairmen and other members of the Council: Carry out tasks assigned by the Chairman of the Council.

4. Secretary Member of the Examination Council:

- Organizes the receipt of candidate application files, submits the list of candidates for examination to the Council for review;

- Prepares necessary documents for the Council and records minutes of Council meetings;

- Receives disciplinary violation reports from candidates and submits them to the Council for consideration;

- Performs other tasks assigned by the Chairman of the Council.

Article 14:

Question Setting Committee, Supervision Committee, Marking Committee, Re-examination Committee; Procedures for setting questions, supervision, marking, storage, and archiving of questions and answer sheets; handling violations of examination regulations, resolving complaints, rules on computer usage, rewards and penalties for violating examination regulations, shall be implemented in accordance with the general examination regulation of the Ministry of Finance.

Article 15: Examination Result Approval

1. The Examination Council bases on the marking results of each subject to approve examination results and pass the list of scores for each subject of candidates. Examination results are announced by the Chairman of the Council after reporting and being approved by the Minister of Finance.

2. Within fifteen days from the date of announcement of examination results, candidates have the right to submit a request for re-examination to the Chairman of the Council. In case of re-marking, the examination result will be based on the re-marked score.

Article 16: Examination Score Certificate

Based on the examination results reported by the Examination Council and approved by the Minister of Finance, the Chairman of the Council issues an Examination Score Certificate for each candidate (Annex No. 02). The Examination Score Certificate serves as the basis for compiling applications to take unattempted subjects, retake subjects that did not meet requirements, or apply to improve scores (for candidates who have not attempted all required subjects or have not met the requirements for all subjects).

Chapter 3:

ORGANIZATION OF EXAMINATIONS FOR HOLDERS OF FOREIGN CERTIFIED ACCOUNTANT OR CERTIFIED AUDITOR CERTIFICATES

Article 17: Conditions for taking the examination and examination content

1. Individuals holding a certificate of foreign accounting specialist or auditor from organizations recognized by the Ministry of Finance of Vietnam who wish to obtain the "Auditor Certificate" or "Accounting Practice Certificate" of Vietnam must take an examination on Vietnamese laws. The examinees must be individuals currently permitted to practice in their home country.

2. Foreign professional organizations recognized by the Ministry of Finance of Vietnam must meet the following conditions: (1) Being a member of the International Federation of Accountants (IFAC); (2) Having educational and examination content equivalent to or higher than that stipulated in Article 4 of this Regulation.

3. Individuals who have completed the training program for accounting specialists within the framework of the Accounting-Audit Project organized jointly by the Ministry of Finance of Vietnam and the European Union in Hanoi in 1998, if they meet the conditions specified in Clause 2 of Article 2 of this Regulation, may take the examination on Vietnamese laws to obtain the Auditor Certificate as stipulated in Clause 1 of this Article.

4. The content of the examination for granting the Auditor Certificate includes the following parts:

(1) Economic laws, Investment Law, and Enterprise Law;

(2) Finance and financial management;

(3) Tax laws and tax administration;

(4) Accounting laws and enterprise accounting;

(5) Audit laws and assurance services.

5. The content of the examination for granting the Accounting Practice Certificate includes Parts (1), (2), (3), and (4) as stipulated in Clause 4 of this Article.

6. The content and requirements of each part of the examination are specified in Appendix No. 01 attached to this Regulation.

7. Individuals who have participated in and met the requirements of joint examinations conducted by the Ministry of Finance of Vietnam with the Association of Chartered Certified Accountants (ACCA) shall be exempted from Parts (1) and (3) as stipulated in Clause 4 of this Article.

8. The language used in the examination is Vietnamese or English.

9. The examination duration is 180 minutes for all five parts.

Article 18: Application Form for Registration to Take the Examination

1. Application documents for registration to take the examination include:

a/ Examination registration form;

b/ Certified copies and certified translations into Vietnamese: Certificate of foreign accounting specialist or auditor;

c/ A confirmation letter from the professional association of the home country certifying that the individual is currently permitted to practice there;

d/ Three color photographs measuring 4 x 6 inches taken within six months, two envelopes with stamps and the recipient's full name and address clearly marked;

đ/ Certified copies of passports issued by the home country with confirmation from the labor management unit.

2. Application documents for the examination are issued by the Examination Board according to a unified model. Applicants must submit their application documents to the Examination Board at least thirty days before the examination date.

Article 19: Examination Results

1. The examination grading scale is a 100-point scale. Examination scores range from 1 point upwards.

2. A passing score is 70 points or above, or 42 points or above for those exempted from Parts (1) and (3). The examination results will be notified to each examinee.

3. Individuals who pass the examination will have their names compiled into a list by the Examination Board for submission to the Minister of Finance as a basis for issuing the Auditor Certificate or Accounting Practice Certificate.

4. Other provisions shall be implemented according to this Regulation.

Chapter 4:

ISSUANCE OF AUDITOR CERTIFICATE OR ACCOUNTING PRACTICE CERTIFICATE

Article 20: Issuance of Auditor Certificate or Accounting Practice Certificate

1. The Auditor Certificate (Appendix No. 03) or Accounting Practice Certificate (Appendix No. 04) shall be directly awarded to the certificate holder or their authorized representative; in case of loss, it will not be reissued.

2. The Auditor Certificate and Accounting Practice Certificate have legal validity for registering to practice auditing or accounting in accordance with current laws governing auditing and accounting practices.

Chapter 5:

IMPLEMENTATION

Article 21: Tasks and Authorities of the Director of the Accounting System and Audit Department.

1. Organize the implementation of this regulation.

2. Draft and report to the Minister of Finance the annual examination organization plan.

3. Take the lead in coordinating with professional associations and universities to develop the content, program, and study materials for auditing and accounting practitioner exams.

4. Issue "Auditing Certificate" and "Accounting Practice Certificate" to individuals who meet the examination requirements as decided by the Minister of Finance.

5. Organize the safe storage and archiving of examination-related files and documents according to current regulations.

6. Perform state management functions related to auditing and accounting practitioner examinations.

DEPUTY MINISTER DEPUTY MINISTER Tran Van Ta

ANNEX NO. 01

CONTENT AND REQUIREMENTS FOR THE EXAMINATION SUBJECTS
(Accompanying Decision No. 94/2007/QD-BTC dated November 16, 2007 of the Minister of Finance)

I. EXAMINATION SUBJECTS INCLUDE

:

1. Economic Law and Business Law

2. Financial Management and Advanced Financial Management

3. Taxation and Advanced Tax Management

4. Financial Accounting and Advanced Management Accounting

5. Auditing and Assurance Services

6. Advanced Financial Activity Analysis

7. Practical Computing

8. Foreign Language.

II. CONTENT AND REQUIREMENTS FOR EACH EXAMINATION SUBJECT

1. Economic Law and Business Law

1.1 Business Law

+ General issues regarding business;

+ Types of businesses.

1.2 Investment Law

+ General issues regarding investment;

+ Forms of investment.

1.3 Contract Law in the Business and Trade Sector

+ General issues regarding contracts;

+ Contracts in the business and trade sector.

1.4 Competition Law

1.5 Bankruptcy Law

1.6 Dispute Resolution Law in Business and Trade

1.7 Labor Law.

2. Financial Management and Advanced Financial Management

2.1 Basic Issues in Finance

+ The role of financial management in enterprises;

+ The time value of money;

+ Valuation of bonds and stocks;

+ Financial markets;

+ Calculation and analysis of financial ratios.

2.2 Sources of Enterprise Financing

+ Long-term financing sources;

+ Short-term financing sources;

+ Leverage systems and capital structure;

+ Cost of capital usage;

+ Capital structure.

2.3 Long-term and Short-term Asset Management

+ Fixed assets, long-term assets;

+ Current assets, short-term assets.

2.4 Investment Project Evaluation and Enterprise Capital Investment Decisions

+ Investment decisions and project evaluation process;

+ Discounted cash flow methods;

+ Other methods.

2.5 Enterprise Valuation

+ Nature and objectives of enterprise valuation;

+ Methods for determining enterprise value.

2.6 State-Owned Enterprise Financial Management and Corporate Reform

+ State-owned enterprise financial management and state capital investment management in other enterprises;

+ Converting state-owned enterprises into joint-stock companies;

+ Converting state-owned enterprises into limited liability companies or partnerships;

+ Financial handling of activities involving asset transfers, debt and surplus asset disposal of enterprises;

+ Financial handling when establishing new, restructuring, or dissolving state-owned enterprises.

3Advanced Taxation and Tax Administration

3.1 Value Added Tax

3.2 Special Consumption Tax

3.3 Export and Import Taxes

3.4 Corporate Income Tax

3.5 Personal Income Tax

3.6 Other Taxes

3.7 Tax Administration Law

3.8 Tax Planning.

4. Financial Accounting and Advanced Management Accounting

4.1 Accounting Law

+ Accounting Law and guiding documents;

+ Vietnamese Accounting Standards;

+ Fundamental principles and contents of the code of ethics for practicing accountants (accounting practitioners);

+ Accounting systems.

4.2 Preparation of Financial Statements for Accounting Units

4.3 Consolidated Financial Statement Preparation

4.4 Management Accounting

+ Basic issues in management accounting;

+ Cost accounting;

+ Short-term decision making.

5. Advanced Auditing and Assurance Services

5.1 Auditing Law:

+ Auditing Decrees and guiding documents;

+ Vietnamese Auditing Standards system.

5.2 Auditing Practice

+ Fundamental principles and contents of the code of ethics for auditors;

+ Professional responsibilities and obligations;

+ Practice management;

+ Auditing procedures;

+ Audit planning;

+ Evidence collection;

+ Results assessment and review;

+ Audit reports;

+ Internal audit;

+ Review of financial statements and verification of financial information based on agreed-upon procedures and audit reports on special audit tasks;

+ Assurance services.

6. Advanced Financial Activity Analysis

6.1 Basic Issues in Financial Activity Analysis

6.2 Financial Activity Analysis of Enterprises

+ Overall assessment of financial activities;

+ Analysis of asset and capital structure and changes;

+ Analysis of financing conditions and capital assurance;

+ Liquidity analysis;

+ Analysis of cash generation and cash flow situation;

+ Break-even point analysis and decision-making;

+ Analysis of business capital utilization efficiency;

+ Financial risk analysis and financial needs forecasting.

7. Practical Computing

- Practical preparation of documents with tables and charts.

- Use of basic accounting software.

8. Foreign Language

- Requirement: Level C or higher

- Skills: Listening, speaking, reading, writing, translation.

APPENDIX NO. 02

MINISTRY OF FINANCE NATIONAL BOARD OF AUDITORS AND PRACTICING ACCOUNTANTS EXAMINATION *****	SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness *******
Number: /TC/HTK	On the classification results for exported and imported goods

CERTIFICATE OF INSURANCE OR OTHER FINANCIAL SECURITY

SCORES OF THE AUDITOR EXAMINATION YEAR ....(*)

NATIONAL BOARD OF AUDITORS AND PRACTICING ACCOUNTANTS EXAMINATION

Identity Card number or Personal Identification Code: number...issued on ./ / place of issuance

Mr./Ms.: …

Year of Birth: ... Registration Number: ...

Place of Work: ...

Examination scores for each subject are as follows:

Examination Subject	Score
	By Number	In words
1. Economic Law and Business Law
2. Financial Management and Advanced Financial Management
3. Taxation and Advanced Tax Management
4. Financial Accounting and Advanced Management Accounting
5. Advanced Auditing and Assurance Services
6. Advanced Financial Activity Analysis
Total:
7. Practical Computing
8. Foreign Language

The examination score certificate serves as the basis for evaluating candidates who meet the examination requirements and is the basis for registering to take the remaining subjects, retake failed subjects, or take additional exams to meet the minimum total score requirement for those who have not met the examination requirements.

(*) Or: Examination results for practicing accountants.

ANNEX NO. 03

MINISTRY OF FINANCE MINISTRY OF FINANCE ***** SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ******* AUDITOR'S CERTIFICATE AUDITOR’S CERTIFICATE MINISTER OF FINANCE Issued to Mr./Mrs.: Date of Birth: Place of Origin (Nationality): Passed the Auditor's Examination organized by the Ministry of Finance in month ..., year ... with grade ... Has passed the Auditor's Certificate (AC) examination organized by the Ministry of Finance on ... with grade ... Hanoi, day ... month ... year ... Auditor’s Certificate No:... Auditor's Signature DEPUTY MINISTER Deputy Minister NOTICE ON ORGANIZING CONTINUOUS PROFESSIONAL DEVELOPMENT FOR AUDITORS

ANNEX NO. 04

MINISTRY OF FINANCE MINISTRY OF FINANCE ***** SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ******* PRACTICING ACCOUNTANT CERTIFICATE ACCOUNTING PRACTICE CERTIFICATE MINISTER OF FINANCE Issued to Mr./Mrs.: Date of Birth:... Place of Origin (Nationality):... Achieved classification type:...in the Certified Public Accountant Examination organized by the Ministry of Finance in month ... year ... Has passed the Accounting Practice Certificate (APC) examination organized by the Ministry of Finance on ......... with grade ...... Hanoi, day ... month ... year ... APC Certificate Number:... Certified Public Accountant's signature/Accountant’s signature DEPUTY MINISTER Deputy Minister NOTICE ON ORGANIZING CONTINUOUS PROFESSIONAL DEVELOPMENT FOR AUDITORS