VI The latest requirements for obtaining a Certificate of Eligibility to conduct accounting services in 2026 are stipulated in Article 60 of the 2015 Accounting Law, specifically for each type of business. Let’s explore this further with Pham Consult!
What are the latest requirements for obtaining a Certificate of Eligibility to conduct accounting services in 2026?
The latest conditions for granting a Certificate of Eligibility to conduct accounting services in 2026 are stipulated in Article 60 of the 2015 Accounting Law, specifically as follows:
(1) A limited liability company with two or more members is granted a Certificate of Eligibility to conduct accounting services when it meets the following conditions:
– Has a Certificate of Business Registration, Certificate of Investment Registration or other equivalent documents as prescribed by law;
– Has at least two contributing members who are practicing accountants;
– The legal representative, director or general director of the limited liability company must be a practicing accountant;
– Ensures the capital contribution ratio of practicing accountants in the enterprise, and the capital contribution ratio of members who are organizations as prescribed by the Government.
(2) A partnership company is granted a Certificate of Eligibility to conduct accounting services when it meets the following conditions:
– It has a Certificate of Business Registration, a Certificate of Investment Registration, or other equivalent documents as prescribed by law;
– It has at least two partners who are practicing accountants;
– The legal representative, director, or general director of the partnership company must be a practicing accountant.
(3) A private enterprise is granted a Certificate of Eligibility to conduct accounting services when it meets the following conditions:
– It has a Certificate of Business Registration, a Certificate of Investment Registration, or other equivalent documents as prescribed by law;
– It has at least two practicing accountants;
– The owner of the private enterprise is a practicing accountant and also the director.
(4) A branch of a foreign accounting service business in Vietnam is granted a Certificate of Eligibility to conduct accounting services when it meets the following conditions:
– The foreign accounting service business is permitted to provide accounting services in accordance with the laws of the country where the foreign accounting service business is headquartered;
– It has at least two practicing accountants, including the branch director or general director;
– The branch director or general director of a foreign accounting service business must not simultaneously hold a management or executive position in another business in Vietnam;
– The foreign accounting service business must send a written guarantee to the Ministry of Finance to ensure responsibility for all obligations and commitments of the branch in Vietnam.
Note: Within 6 months from the date of business registration for accounting services, if an accounting service business or a branch of a foreign accounting service business in Vietnam is not granted a Certificate of Eligibility to conduct accounting services, or if the Certificate of Eligibility to conduct accounting services has been revoked, the business or branch of a foreign accounting service business in Vietnam must immediately notify the business registration authority to remove the phrase “accounting services” from the name of the business or branch.
In what cases must a business return its Certificate of Eligibility to conduct accounting services?
Based on Article 12 of Circular 297/2016/TT-BTC, the following is stipulated:
Responsibilities of accounting service businesses upon being granted a certificate of eligibility to conduct accounting services:
- Maintain and ensure the conditions for obtaining the certificate of eligibility to conduct accounting services throughout the operating period.
- Do not alter or erase the content recorded in the certificate of eligibility to conduct accounting services.
- Do not rent, lend, pledge, buy, sell, or transfer the certificate of eligibility to conduct accounting services.
- Request the Ministry of Finance to reissue the certificate of eligibility to conduct accounting services within 10 days from the date of discovering the loss or damage of the certificate.
- Notify the Ministry of Finance in writing (with supporting documents) within 10 days from the date of any changes to the contents stipulated in Clause 1, Article 66 of the Accounting Law.
- Return the Certificate of Eligibility to Conduct Accounting Services to the Ministry of Finance upon termination of accounting services business or revocation of the Certificate of Eligibility to Conduct Accounting Services business as prescribed.
Therefore, the enterprise is responsible for returning the Certificate of Eligibility to Conduct Accounting Services business to the Ministry of Finance upon termination of accounting services business or revocation of the Certificate of Eligibility to Conduct Accounting Services business as prescribed.
What activities are included in the business of providing accounting services?
According to Article 3 of the 2015 Accounting Law, the following is stipulated:
Explanation of Terms
In this Law, the following terms are understood as follows:
- Accounting audit is the examination and evaluation of compliance with accounting laws, the honesty and accuracy of accounting information and data.
- Business of providing accounting services is the provision of accounting services, chief accountant services, financial statement preparation, accounting consulting, and other tasks within the scope of accounting work as stipulated in this Law for organizations and individuals in need.
- Accounting period is the defined period from the time an accounting unit begins recording accounting entries to the time it finishes recording accounting entries and closes the accounting books to prepare financial statements.
Thus, accounting services business includes providing accounting services, acting as chief accountant, preparing financial statements, accounting consulting, and other accounting-related tasks for organizations and individuals in need.
