Chương 1 Nghị định 17/2012/NĐ-CP: Quy định chung

Chapter 1.

GENERAL PROVISIONS

Article 1. Scope of regulation

This Decree details and guides the implementation of a number of articles of the Law on independent audit on audit professional organizations; audit firms; providing audit services across the border; audited entities; audit reports and archiving, use and destruction of audit dossiers.

Article 2. Subjects of application

This Decree is applicable to auditors, practicing auditors, audit firms, branches of foreign audit firms, foreign audit firms providing audit service across border in Vietnam, audited entities, audit professional organizations and other organizations and individuals related to activities of independent audit.

Article 3. Interpretation of terms

In this Decree, the following terms shall be defined as follows:

1. Audit firms in Vietnam: means a firm which is established and operating under provisions of Vietnamese law, fully meeting conditions of audit service business as stipulated and is granted the Certificate of satisfaction of auditing business conditions by the Ministry of Finance.

2. Person in charge of management and administration: includes owner, director of private enterprises, member of partnership, chairman of the Members’ Council, president of the company, chairman of the Management Board, member of the Management Board, member of Members’ Council, director or general director, vice director or vice general director; branch director, branch vice director of audit firms and other managerial positions stipulated in the charter or equivalent documents of enterprises and organizations.

3. Providing of auditing service across the border: means providing of auditing service by audit firms in one country for enterprises and organizations in another country.