Chương IV Luật Kế toán 2003: Hoạt động nghề nghiệp kế toán

Chapter IV

ACCOUNTANCY

Article 55. Practice of accountancy

1. Organizations and individuals that are fully qualified under the provisions of law shall have the right to practice accountancy.

2. Organizations dealing in accounting services must set up accounting service enterprises according to law provisions. The managers of accounting service enterprises must have the accountancy practice certificates granted by competent State bodies specified in Article 57 of this Law.

3. Individual accountancy practitioners must have accountancy certificates granted by competent State bodies defined in Article 57 of this Law and must have the accountancy service business registration.

Article 56. Hiring accountants or chief accountants

1. The accounting units may sign contracts with the accounting service enterprises or individuals who have registered accounting service business for hiring accountants or chief accountants.

2. The hiring of accountants or chief accountants must be made in written contracts as prescribed by law.

3. The accounting units which hire accountants or chief accountants shall have to supply in a full, timely and truthful manner all information and documents related to the hiring of accountants or chief accountants and pay fully and on schedule accounting service charges as agreed upon in the contracts.

4. Hired chief accountants must satisfy all criteria and conditions prescribed in Article 53 of this Law.

5. Enterprises and individuals providing accounting services and hired chief accountants shall be accountable for accounting information and figures as agreed upon in the contracts.

Article 57. Accountancy practice certificates

1. In order to be granted the accountancy practice certificates, Vietnamese citizens must satisfy the following criteria and conditions:

a) Possessing professional ethics, being honest, incorruptible, having the sense of law observance; and being other than those subjects specified in Clauses 1 and 2, Article 51 of this Law;

b) Having professional financial and accounting qualifications of university or higher degree and having actually performed financial and accounting work for five years or more;

c) Passing recruitment exams organized by competent State bodies.

2. To be granted the accountancy practice certificates, foreigners must satisfy the following criteria and conditions:

a) Being permitted to reside in Vietnam;

b) Having the accountancy specialist's certificates or accountancy certificates granted by foreign or international organizations and recognized by the Vietnamese Ministry of Finance;

c) Passing the test on the finance and accounting legislation of Vietnam, organized by competent State bodies.

3. The Ministry of Finance shall prescribe the training programs, examination councils, procedures and competence for granting and revoking the accountancy practice certificates according to the provisions of this Law and other relevant law provisions.

Article 58. Right to participate in accountancy organizations

The accounting units and accountants shall have the right to participate in Vietnam Accountancy Association or other professional accountancy organizations in order to develop the accountancy profession and protect the legitimate rights and interests of their members according to law provisions.