News Archives - Page 21 of 22 - Dịch vụ kiểm toán VINASC

17/03/2019 0 CommentsLike: 0

The fees for granting, modifying Certificate of sufficient conditions to carry on business of audit services

The fees for granting, modifying Certificate of sufficient conditions to carry on business of audit services Auditing firms, branches of foreign auditing firms in Vietnam request for granting, re-granting, modifying Certificate of sufficient conditions to carry on business of audit services must pay fees. Minister of Finance shall prescribe the fees for granting, re-granting, modifying the Certificate of sufficient conditions to carry on business of audit services. The changes must be notified to the Ministry of Finance Within ten days from the date [...]

16/02/2019 0 CommentsLike: 0

Dossiers of application for certificate of sufficient conditions to carry on business of audit services

Dossiers of application for certificate of sufficient conditions to carry on business of audit services Dossiers of application for certificate of sufficient conditions to carry on business of audit services include: A written application for certificate of sufficient conditions to carry on business of audit services; A copy of business registration certificate, certificate of enterprise registration certificates or investment certificate; A copy of certificate of registration of practicing audit of the practicing auditors; Full-time labor contracts of practicing auditors; Documents proving the contributed capital for [...]

15/01/2019 0 CommentsLike: 0

Conditions for granting certificate of sufficient conditions to carry on business of audit service

Conditions for granting certificate of sufficient conditions to carry on business of audit service When the Limited liability Company with two or more members requests for granting certificate of sufficient conditions to carry on business of audit services, must meet fully the following conditions: a) Having certificates of business registration, certificate of enterprise registration or certificate of investment in accordance with the law regulations; b) Having at least five practicing auditors, in which must have at least two members contributing capital; c) Legal [...]

14/12/2018 0 CommentsLike: 0

The cases that practicing auditors are not allowed to audit

The cases that practicing auditors are not allowed to audit Practicing auditors are not allowed to audit in the following cases: as members, founding shareholders, or purchasing shares or capital contribution in the audited unit; as those who hold managerial, administrative positions, members of the inspection committee or chief accountant of the audited units; as those who hold managerial, administrative positions, members of the inspection committee or chief accountant of the audited units for the audited financial year; within two years from the time [...]

13/11/2018 0 CommentsLike: 0

Rights of practicing auditors

Rights of practicing auditors When practicing in the auditing firms, branch of foreign auditing firms in Vietnam, practicing auditors have the following rights: To practice audit in accordance with regulations of this Law; To be independent on professional skill; To request the audited unit to provide adequate and timely necessary information, documents and explain the issues related to the audit contents; to request inventory of assets, debt comparison of the audited unit related to the audit contents; to inspect all records and documents [...]

12/10/2018 0 CommentsLike: 0

Standards of auditors

Standards of auditors Auditors must meet the following standards: a) Having full civil act capacity; b) Having good morals, sense of responsibility, integrity, honesty, objectivity; c) Having degree of university or higher to be of financial, banking, accounting, auditing disciplines or other disciplines as prescribed by the Ministry of Finance; d) Having certificates of auditors in accordance with regulations the Ministry of Finance. Where person who have foreign certificates recognized by the Ministry of Finance, passing the examinations in Vietnamese on Vietnam law and meeting [...]

11/09/2018 0 CommentsLike: 0

Professional organizations on audit

Professional organizations on audit Professional organizations on audit are established and operate under the provisions of the law on associations and are responsible for complying with the provisions of the law on independent audit. Professional organizations on audit are fostered knowledge for auditors, the auditors practice and perform a number of tasks related to independent audit activity prescribed by the Government. The strictly-banned acts Strictly banning members who participate in the audits and auditing firms, branches of foreign auditing firms in Vietnam conduct [...]

10/08/2018 0 CommentsLike: 0

Operation principles of independent audit

Operation principles of independent audit Compliance with the law and taking responsibility before the law on occupational activity and audit statements. Compliance with audit standards and professional ethical standards of accounting and auditing of Vietnam; for the audits under the audit contracts that are required to apply the other audit standards shall comply with such audit standards. Independence, honesty, objectivity. Information confidentiality. Compulsory audit Compulsory audit is the audit for the annual financial statements, the settlement statements of completed projects and other financial information of [...]

09/07/2018 0 CommentsLike: 0

Audit standards and professional ethical standards of accounting and auditing

Audit standards and professional ethical standards of accounting and auditing 1. Auditing standards mean the rules and guidelines on the requirements, principles, auditing procedures, and handling of the relationship arising from audit activities that members participating in the audit and the auditing firms, branches of foreign auditing firms in Vietnam must comply with. 2. Professional ethical standards of accounting and auditing mean the rules and guidelines on principles, contents of the application of professional ethical standards for members participating in the [...]

07/07/2018 0 CommentsLike: 0

Transfer Pricing Country Matrix

TRANSFER PRICING COUNTRY MATRIX Abbreviation a Regulation type b Are there specific transfer pricing regulations? c Is there a TP documentation requirement? d Is there an annual submission deadline for the documentation? e Submission deadline upon request? f Is there a requirement to update transfer pricing documentation annually ? g Language requirements h Do penalties exist for not having adequate tranfer pricing documentation or not submitting in time? TRANSFER PRICING COUNTRY MATRIX Country a b c d e f g h Albania OECD Yes No No 30 days Yes N/A Yes Angola National regulations based on OECD Guidelines Yes Yes Yes N/A Yes Portuguese No Argentina National regulations Yes Yes Yes 15 days Yes Spanish Yes Australia OECD Yes Yes No 21-28 days Yes English Yes Austria OECD Yes No No N/A No German (English accepted) N/A Belgium OECD Yes No No 30 days No Dutch, English, French or German No Brazil National regulations Yes Yes Yes 20 days Yes Portuguese No Bulgaria OECD Yes Yes No 14 days No Bulgarian Yes Canada National regulations Yes Yes Yes 6 months Yes French or English Yes Chile National regulation / [...]