Current law stipulates that an individual who wants to work for an accounting service business must have a certificate of registration for accounting service practice. Hong Bang Law would like to send to our customers the advice and guidance on the procedures for applying for the Certificate of Registration of Accounting Services as follows:

Legal grounds

• Law on Accounting 2015;
• Circular 296/2016/TT-BTC guiding the issuance, revocation and management of accounting service practice registration certificates.

General rules

Conditions for being granted an accounting service practice registration certificate

• Possessing an accountant certificate or an auditor’s certificate in accordance with the Law on Independent Auditing;
• Have civil act capacity;
• The actual working time in finance, accounting or auditing is 36 months or more from the time of university graduation;
• Fully participate in the knowledge update program as prescribed.

Note: An accounting service practice registration certificate is only valid when the grantee has a full-time employment contract for an accounting service business.

Those who are not registered to practice accounting services

• Officials and civil servants; officers, professional soldiers, workers, defense officers, people’s police;
• Persons who are banned from practicing accounting under a legally effective court judgment; the person is being examined for penal liability; who has been convicted of one of the crimes of infringing upon the economic management order related to finance and accounting but has not yet been cleared of criminal records; people who are being applied administrative handling measures, education in communes, wards or townships, sent to compulsory education institutions, compulsory detoxification establishments;
• Persons who have been convicted of serious crimes infringing upon economic management order but have not yet had their criminal records cleared;
• Persons sanctioned for administrative violations of the law on finance, accounting or auditing which have not yet expired 06 months from the date of completion of the execution of the sanctioning decision in the case of a warning or within 01 year from the date of completion of other administrative sanctioning decisions;
• Persons suspended from practicing accounting services.

Dossiers composition

• An application form for the Certificate of registration of accounting service practice;
• A copy of the labor contract to work full-time at the accounting service enterprise;
• Copy of accountant certificate or auditor certificate;
• Certificate of actual time doing financial, accounting and auditing activities according to the form specified in Appendix 04/DKHN in Circular 296/2016/TT-BTC or documents proving real time doing financial, accounting and auditing work;
• Two 3x4cm color photos taken on a white background within no more than six (06) months from the date of submission of the application for registration of accounting services;
• A copy of the decision to resign or the decision to terminate the labor contract at the workplace before registering to practice accounting services (if any);
• A copy of the work permit in Vietnam of the foreigner who registers to practice accounting services, except for the case that he is not required to have a work permit according to the labor law;
• Documents proving the hours of knowledge updating at international professional organizations on accounting and auditing for the case of timed updating of knowledge.

Procedures

• The accounting service business enterprise where the applicant for accounting service practice has a full-time employment contract is the subject of the application.
• Enterprises providing accounting services shall make a list of applications for issuance of Certificates of registration of accounting service practice for practitioners at their units together with the practice registration dossiers of each individual and send them to the Ministry of Finance. .
• If the dossier is not valid, it is necessary to make additional clarifications within 10 days from the date of receipt of the dossier (additional documents, explanations or providing supporting documents).
• If there are no documents to supplement or amend accordingly, the Ministry of Finance has the right to refuse to grant the Certificate of registration of accounting service practice.
• Within 15 days from the date of receipt of a valid application, the Ministry of Finance will issue a certificate of registration for accounting service practice, or reply in writing in case of refusal.

Implementation time: 15 working days from the date of submission of valid documents.

If you need more detailed advice and answers as well as how to access this service, please contact directly our Lawyer Nhat Nam via hotline: 0912.35.65.75, 0912.35.53.53 or call the toll free legal consultation hotline 1900.6575 or send a service request via email: lienheluathongbang@gmail.com

Wishing you and your family good health, peace and success!

Best regards!