TO ISSUE ACCOUNTING CERTIFICATES TO REPLACE THE ACCOUNTING PRACTITIONER CERTIFICATES
In accordance with the Law on Accounting No. 88/2015/QH13 passed by the National Assembly on November 20, 2015, from 2017, to issue the accounting certificates to replace the accounting practitioner certificates. The accounting practitioner certificates granted before 2017 are as valid as accountant certificates.
A person must satisfy standards in order to obtain an accountant certificate as possessing professional ethical qualities, being truthful and integrated, and having a sense of law observance; and possessing a bachelor’s degree or higher in finance, accounting, audit or another discipline according to regulations of the Ministry of Finance or passing an examination for an accountant certificate.
Another important is the condition on registration of accounting service practice. The holder of an accountant certificate or auditor certificate prescribed in the Law on Independent Audit may register his/her accounting service practice through an accounting service enterprise or accounting service business household if he/she has full civil capacity; has at least 36 months’ experience in financial, accounting or audit work since graduation from university; and has participated in all refresher training programs as prescribed. The person who satisfies all conditions prescribed in Clause 1 of this Article may register his/her practice and be granted a certificate of accounting service practice registration. The Ministry of Finance shall prescribe procedures for grant and revocation of accounting service practice registration certificates. The accounting practice service registration certificate is only valid when its holder has a full-time contract with an accounting service enterprise or an accounting service business household.
Officials, civil servants and public employees; professional army men and officers; national defense workers and public employees, people’s public security force members; persons banned from practicing accounting under a legally effective court judgment or ruling; persons currently examined for penal liability; persons convicted of any of crimes of infringing upon economic management order related to finance and accounting and having not had their criminal records written off; persons currently serving the administrative handling measure of education in communes, wards or townships or confinement to reformatories or drug detoxification centers; and persons who had been convicted of serious crimes of infringing upon economic management order and have not had their criminal records written off …. may not register accounting service practice.
This Law replaces the Law on Accounting No. 03/2003/QH11 and takes effect on January, 2017.
