xem bóng đá trực tiếp vtv2How long does a business that does not offer accounting services in Vietnam have before its Certificate is revoked?

How long does a business that does not offer accounting services in Vietnam have before its Certificate is revoked?

Pusuant to Clause 2.b Article 69 xem bóng đá trực tiếp vtv2 the Law on Accounting in 2015:

Suspension xem bóng đá trực tiếp vtv2 provision xem bóng đá trực tiếp vtv2 services and revocation xem bóng đá trực tiếp vtv2 Certificate xem bóng đá trực tiếp vtv2 eligibility to provide accounting services, Certificate xem bóng đá trực tiếp vtv2 Accounting Service Registration

1. An accounting firm shall be suspended from providing accounting services in one xem bóng đá trực tiếp vtv2 the following cases:

a) One, some, or all xem bóng đá trực tiếp vtv2 the conditions specified in Article 60 xem bóng đá trực tiếp vtv2 this Law are not satisfied for 03 consecutive months;

b) There are professional errors or violations against accounting standards or code xem bóng đá trực tiếp vtv2 ethics for accountants that cause serious consequences or are likely to cause serious consequences.

2. An accounting firm shall have its Certificate xem bóng đá trực tiếp vtv2 eligibility to provide accounting services revoked in one xem bóng đá trực tiếp vtv2 the following cases:

b) Accounting services are not provided for 12 consecutive months;

c) The errors or violations mentioned in Clause 1 xem bóng đá trực tiếp vtv2 this Article are not eliminated within 60 days from the suspension date;

d) The firm is dissolved, goes bankrupt, or suspends the accounting service provision itself;

dd) The Certificate xem bóng đá trực tiếp vtv2 Enterprise Registration, Investment Registration Certificate, or an equivalent document is revoked;

e) The firm falsifies accounting documents, financial statements and provides false information and reports, or colludes with another entity in doing so;

g) The Certificate xem bóng đá trực tiếp vtv2 eligibility to provide accounting services is forged or falsified.

3. The accounting firm whose Certificate xem bóng đá trực tiếp vtv2 eligibility to provide accounting services is revoked shall immediately stop providing accounting services from the effective date xem bóng đá trực tiếp vtv2 the decision on revocation.

4. An accounting household shall be suspended from providing accounting services when there are professional errors or violations against accounting standards or code xem bóng đá trực tiếp vtv2 ethics for accountants that cause serious consequences or are likely to cause serious consequences.

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As regulated above, a business that does not offer accounting services in Vietnam in 12 consecutive months shall have its Certificate xem bóng đá trực tiếp vtv2 eligibility to provide accounting services revoked.

How long does a business that does not offer accounting services in Vietnam have before its Certificate is revoked? - image from internet

What are conditions for issuance xem bóng đá trực tiếp vtv2 the Certificate xem bóng đá trực tiếp vtv2 eligibility to provide accounting services in Vietnam?

Pusuant to Article 60 xem bóng đá trực tiếp vtv2 the Law on Accounting in 2015 stipulating conditions for issuance xem bóng đá trực tiếp vtv2 the Certificate xem bóng đá trực tiếp vtv2 eligibility to provide accounting services:

1. A multi-member limited liability company

- The company has a Certificate xem bóng đá trực tiếp vtv2 Enterprise Registration, Investment Registration Certificate, or an equivalent document as prescribed by law;

- At least two capital contributors (members) are accounting practitioners;

- The legal representative, Director or General Director xem bóng đá trực tiếp vtv2 the company is an accounting practitioner;

- The accounting practitioners’ holdings in the enterprise, the holdings xem bóng đá trực tiếp vtv2 members being organizations are conformable with regulations xem bóng đá trực tiếp vtv2 the Government.

2. A partnership

- The partnership has a Certificate xem bóng đá trực tiếp vtv2 Enterprise Registration, Investment Registration Certificate, or an equivalent document as prescribed by law;

- At least two general partners are accounting practitioners;

- The legal representative, Director or General Director xem bóng đá trực tiếp vtv2 the partnership is an accounting practitioner.

3. A private enterprise shall be granted the Certificate xem bóng đá trực tiếp vtv2 eligibility to provide accounting services after all xem bóng đá trực tiếp vtv2 the conditions below are satisfied:

- The enterprise has a Certificate xem bóng đá trực tiếp vtv2 Enterprise Registration, Investment Registration Certificate, or an equivalent document as prescribed by law;

- There are at least two accounting practitioners in the enterprise;

- The owner xem bóng đá trực tiếp vtv2 the private company, who holds the position xem bóng đá trực tiếp vtv2 Director, is an accounting practitioner.

4. A branch in Vietnam xem bóng đá trực tiếp vtv2 a foreign accounting firm

- The foreign accounting firm is permitted to provide accounting services according to regulations xem bóng đá trực tiếp vtv2 law xem bóng đá trực tiếp vtv2 its home country;

- There are at least two accounting practitioners, including the Director or General Director xem bóng đá trực tiếp vtv2 the branch;

- The Director or General Director xem bóng đá trực tiếp vtv2 the branch does not concurrently hold the position xem bóng đá trực tiếp vtv2 manager or executive officer xem bóng đá trực tiếp vtv2 another enterprise in Vietnam;

- The foreign accounting firm has submitted a document to the Ministry xem bóng đá trực tiếp vtv2 Finance that it is responsible for every obligations and commitments xem bóng đá trực tiếp vtv2 the branch in Vietnam.

What documents are included in the application for Certificate xem bóng đá trực tiếp vtv2 eligibility to provide accounting services in Vietnam?

Pusuant to Article 61 xem bóng đá trực tiếp vtv2 the Law on Accounting in 2015, the application for Certificate xem bóng đá trực tiếp vtv2 eligibility to provide accounting services in Vietnam includes following documents:

- An application form for the Certificate xem bóng đá trực tiếp vtv2 eligibility to provide accounting services.

- Copies xem bóng đá trực tiếp vtv2 the Certificate xem bóng đá trực tiếp vtv2 Enterprise Registration, Investment Registration Certificate, or an equivalent document.

- Copies xem bóng đá trực tiếp vtv2 Certificates xem bóng đá trực tiếp vtv2 Accounting Practice Registration xem bóng đá trực tiếp vtv2 accounting practitioners.

- Employment contracts between the accounting firm and accounting practitioners.

- Documents proving capital contribution (for limited liability companies).

- The company’s charter (for partnerships and limited liability companies).

- A written commitment to take responsibility by the foreign firm; documents proving the foreign firm is permitted to provide accounting services (for branches in Vietnam xem bóng đá trực tiếp vtv2 foreign accounting firms).