FINE UP TO VND 30 MILLION WILL BE APPLIED FOR FORGING ACCOUNTING DOCUMENTS
Decree No. 105/2013/ND-CP dated September 16, 2013 of the Government on penalizing administrative violations in accounting and independent audit.
Accordingly, the maximum fine levels in accounting will be VND 30,000,000 for individuals and VND 60,000,000 for organizations. The maximum fine levels in dependent audit will be VND 50,000,000 for individuals and VND 100,000,000 for organizations. Specifically: A fine between VND 500,000 and 1,000,000 for making accounting vouchers with insufficient principal details as prescribed by the accounting legislation; erasing and modifying accounting vouchers. A fine between VND 5,000,000 and 10,000,000 for signing accounting vouchers when having no competence or authorization to sign; a fine between VND 20,000,000 and 30,000,000 for opening accounting books outside the system of official accounting books of the unit; forging accounting books; reaching agreement with or compelling other persons to forge accounting books…
Besides, for property inventory, the Government regulates a warning or a fine between VND 500,000 and 1,000,000 for failing to make reports summing up the inventory results according to regulations, failing to identify the cause of discrepancies; failing to reflect in accounting books discrepancies between figures obtained from actual inventory and those of accounting books and the results of handling such discrepancies; a fine between VND 3,000,000 and VND 5,000,000 shall be imposed for failing to inventory property at the end of the annual accounting period; a fine of between VND 5,000,000 and 10,000,000 shall be imposed for acts of forging, or making false statements on, property inventory results…
Statute of limitations for sanctioning administrative violations in domain of accounting and independent audit will be 2 years and 1 year respectively. For an act of administrative violation already ended, statute of limitations is calculated from time of ending act of violation; for an act of administrative violation currently being performed, statute of limitations is calculated from time of detecting act of violation.
This Decree takes effect on December 01, 2013.
