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REGULATIONS ON CHIEF ACCOUNTANT OF A COMPANY IN VIETNAM

REGULATIONS ON CHIEF ACCOUNTANT OF A COMPANY IN VIETNAM

VIVA BUSINESS CONSULTING là công ty tư vấn doanh nghiệp được tín nhiệm bởi hằng ngàn khách hàng danh tiếng từ năm 2006. VIVA cung cấp nền tảng quản lý toàn diện và nguồn lực thực thi theo cách kết hợp đồng thời của: Luật pháp và thủ tục hành chính trong kinh doanh – Quản lý thuế và kế toán – Quản trị quan hệ lao động – Quản trị tài chính doanh nghiệp – Quản trị và kiểm soát nội bộ. Năng lực của chúng tôi giúp khách hàng lường trước các rủi ro, tối ưu chi phí, kiến tạo lợi thế kinh doanh.

VIVA is a business consulting company, specializes in business compliance procedures according to local business laws and regulations since 2006. VIVA has been continuously trusted by thousands of well-known clients since 2006. We are creating added value for clients by offering one-stop business platform with exclusive and tailored-made services related to market entry and mandatory business compliances. We keep our client’s good standing in lawful and optimal manners whenever they are working and doing business in Vietnam.

Regulations on chief accountant of a company in Vietnam

WHO IS A CHIEF ACCOUNTANT?

  1. The chief accountant is the head of a unit’s accounting apparatus and in charge of the execution of accounting works therein.
  2. Chief accountant of regulatory agencies, organizations and public service agencies using state budget, and enterprises whose over 50% charter capital is held by the State, apart from the tasks specified in Clause 1 of this Article, are also responsible for assisting the accounting units’ legal representatives in financial supervision of the accounting units.
  3. The chief accountant is subject to direction by the accounting unit’s legal representative and also direction and inspection by the chief accountant of the superior accounting unit, if any, in terms of professional works.
  4. Where the chief accountant is replaced by another accountant, such accountant must satisfy the standards and conditions specified, and perform the chief accountant’s rights and obligations as the required Standards and conditions for chief accountant.

STANDARDS AND CONDITIONS CHIEF ACCOUNTANT?

A chief accountant must meet the standards below:

  1. Have at least an associate degree in accounting;
  2. Have a certificate of training in chief accountant’s techniques;
  3. The holder of a bachelor’s degree in accounting must have at least 02 years’ experience of accounting work; the holder of an associate degree in accounting must have at least 03 years’ experience of accounting work.

RIGHTS AND OBLIGATIONS OF CHIEF ACCOUNTANT?

A chief accountant has the responsibility to:

  1. Comply with regulations of law on accounting and finance of accounting units;
  2. Organize the operation of the accounting apparatus in accordance with this Law;
  3. Make financial statements in accordance with accounting regimes and accounting standards.

The chief accountant has the right to perform accounting works independently.

Chief accountant of regulatory agencies, organizations and public service agencies using state budget, and enterprises whose over 50% charter capital is held by the State, apart from the rights specified above, also have the right to:

  • Offer opinions in writing about employment, reassignment, pay raise, commendation, and disciplinary actions for accountant, warehouse-keepers, and treasurers;
  • Request relevant departments of the accounting unit to provide adequate documents related to the chief accountant’s accounting works and financial supervision works in a timely manner;
  • Preserve his/her opinions in writing if they are at odds with that of the decision-maker;
  • Submit written reports to the legal representative of the accounting unit on discovered violations against regulations of law on finance and accounting in the unit. If the decision has to be complied with, the report shall be sent to the person superior to the decision maker or competent authority. In this case, the chief accountant is not responsible for the implementation of such a

ABOUT VIVA BUSINESS CONSULTING

VIVA is the local expertise for local business compliance procedures, has been trusted by thousands of foreign investors, multinational companies from Europe, Japan, Singapore, India, Korea, USA… for the required business compliance procedures by local laws and regulations since 2006.

Thanks for consistent of practice expertise in Business laws - Employment relations – Tax and accounting – Corporate finance – Corporate services, VIVA has been successfully providing service for thousands of leading companies in such industries: Garment, energy, pharma, advertising, agricultural…

VIVA keeps its signature by offering one-stop business platform with regard to market entry and the mandatory business compliances. We ensure for our client’s good standing, in lawful and optimal manners whenever they are working and doing business in Vietnam.

Thanks to a unique combination of local expertise and global experiences, VIVA BUSINESS CONSULTING is the one-stop solution for the required compliance procedures in Vietnam for foreign investors and experts. We are still here since 2006s because of our thousands of satisfied clients and our employees. Our staying power is a testament to the professional resources, and so much more.

 

VIVA not only manage business required procedures by laws but firstly places client’s compliance and good standing, in the optimal methods when offering any solution, and integrated with our intensive resources that allow us to prevent most of the risks in advance, create more benefits, advantages and business inspiration for entrepreneurs.

The insights and consistent backgrounds in Business Laws – Accounting and Corporate Finance – Tax Management – Labor Relations and Payroll – Serectarial and consistent with our exclusive standard operation processes, consisting of consultation – implementation – pratice operation help us fully protect client interests as one-stop solution.

YOU WILL RECEIVE

“If you ask any successful businessperson, they will always have had a great mentor at some point along the road.”

 

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