THE MINISTRY OF FINANCE
Circular No. 91/2017/TT-BTC dated August 31, 217 of the Ministry of Finance on exams, issuance, and management of audit practicing certificates and accounting practicing certificates
Pursuant to the Law on Accounting No. 88/2015/QH13 on November 20, 2015;
Pursuant to the Law on Independent Audit No. 67/2011/QH12 dated March 29, 2011;
Pursuant to the Government's Decree No. 17/2012/ND-CP dated March 13, 2012 on guidelines for the Law on Independent Audit;
Pursuant to the Government's Decree No. 87/2017/ND-CP on functions, tasks, powers and organizational structure of the Ministry of Finance;
At the request of Director of the Department of Audit and Accounting Regulation,
The Minister of Finance promulgates a Circular on exams, issuance, and management of audit practicing certificates and accounting practicing certificates.
Chapter I
GENERAL PROVISIONS
Article 1. Scope of adjustment
This Circular sets forth exams, issuance, and management of audit practicing certificates and accounting practicing certificates as prescribed in Point c Clause 2 Article 11 of the Law on Independent Audit.
Article 2. Subject of application
Regulated entities of this Circular include:
1. Applicants prescribed in Article 3 and Clause 1 Article 10 hereof.
2. Audit or accounting board of examiners (hereinafter referred to as the board of examiners).
3. Audit and/or accounting professional associations.
4. Other entities relating to exams, issuance, and management of audit practicing certificates and accounting practicing certificates.
Chapter II
SPECIFIC PROVISIONS
Section 1. EXAMS
Article 3. Applicants
Any Vietnamese or foreigner who is eligible for taking exam prescribed in Article 4 hereof.
Article 4. Eligibility for taking exams
An applicant for audit practicing certificate or accounting practicing certificate must have the following eligibilities:
1. Meet standards in professional ethics, truthfulness, integrity, and high sense of law observance;
2. Obtain at least a bachelor's degree in finance, banking, accounting, or audit; or a bachelor's degree in other majors with total units of study (or classes) of subjects: Finance, accounting, audit, financial activity analysis, or taxation accounting for at least 7% of total units of study (or classes) of the entire course; or obtain a bachelor's degree in other majors and audit or accounting certificates or degrees awarded by international audit or accounting associations as prescribed in Article 9 hereof;
3. Have at least 36 months’ experience in finance, accounting, or audit field, which is determined in the period beginning from the month of graduation specified in the bachelor's degree (or postgraduate degree) to the time of application for taking exams. Actual working time includes the period of working as audit assistant at audit firms, as internal auditor at internal audit department, or as auditor at state audit agencies;
4. Submit sufficient and required application for examination and exam fees as prescribed;
5. Not subject to Clause 1 and Clause 2 Article 52 of the Law on Accounting.
Article 5. Applications for examination
1. An application for examination to obtain audit practicing certificate or accounting practicing certificate as the initial time shall include:
a) An application form for examination bearing certification of the applicant’s employer or the People’s Committee of the place of residence, with a 3x4 color photo and fan stamping as prescribed in Appendix No. 02a or Appendix No. 02b issued herewith together with a document certifying the actual working time in the field of finance, accounting, or audit bearing signature of legal representative (or authorized person) and the seal of employer as prescribed in Appendix No. 06 issued herewith;
b) A certified true copy of ID card or passport;
c) A resume bearing certification of the employer or the People’s Committee of place of residence;
d) Copies of degrees and certificates prescribed in Clause 2 Article 4 hereof, bearing certification of the issuing body or notary. In case of a bachelor's degree in another major, an authenticated academic transcript with specific number of units of study (or classes) of subjects must be submitted. In case of a master or doctoral degree, an authenticated academic transcript with specific major must be submitted;
dd) 3 3x4 colored photos taken within 6 months and 2 envelopes stuck with stamps and recipient’s full name and address.
2. An application for examination of remaining subject or re-examination of failed subject or examination with mark target prescribed in Clause 4 Article 18 hereof shall include:
a) An application form for examination bearing certification of the applicant’s employer or the People’s Committee of the place of residence, with a 3x4 color photo and fan stamping as prescribed in Appendix No. 02a or Appendix No. 02b issued herewith;
b) A copy of document certifying marks of previous exams issued by the board of examiners;
c) Photos and envelopes prescribed in Point dd Clause 1 of this Article.
3. An application for examination to obtain audit practicing certificate submitted by a holder of accounting practicing certificate shall include:
a) An application form for examination bearing certification of the applicant’s employer or the People’s Committee of the place of residence, with a 3x4 color photo and fan stamping as prescribed in Appendix No. 02b issued herewith;
b) A certified true copy of ID card or passport;
c) A resume bearing certification of the employer or the People’s Committee of place of residence;
d) Certified true copy of accounting practicing certificate;
dd) Photos and envelopes prescribed in Point dd Clause 1 of this Article.
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