Sanctions for administrative violations on accounting and auditing

Article 8. Penalties for violations against regulations on accounting vouchers

1. A fine of VND 3.000.000 to VND 5.000.000 for one of the following acts:

a) The accounting voucher sample does not have all the main contents as prescribed;

b) Erasing, correcting accounting vouchers;

c) Sign accounting vouchers with red ink and fading ink;

d) Sign accounting vouchers with pre-engraved signature stamp;

dd) Payment vouchers are not signed for each copy.

2. A fine of VND 5.000.000 to VND 10.000.000 for one of the following acts:

a) Making an accounting voucher with insufficient number of copies as prescribed for each type of accounting voucher;

b) Signing an accounting voucher without having enough contents of the voucher under the responsibility of the signer;

c) Signing accounting vouchers without authority;

d) A person's signature is inconsistent or inconsistent with the signature sample register;

dd) An accounting voucher does not have enough signatures according to the title specified on the voucher;

e) Failing to translate accounting vouchers in a foreign language into Vietnamese as prescribed;

g) To damage or lose accounting documents and vouchers that are in use.

3. A fine of VND 20.000.000 to VND 30.000.000 for one of the following acts:

a) Forging or perjuring accounting vouchers but not to the extent of being examined for penal liability;

b) Agreeing on or forcing others to forge or perjury accounting vouchers but not to the extent of being examined for penal liability;

c) Making accounting vouchers with dissimilar contents in case it is necessary to make accounting vouchers with many copies for an arising economic or financial operation;

d) Failure to make accounting vouchers when the economic or financial profession arises;

dd) Making multiple accounting vouchers for an arising economic or financial operation;

e) Paying money when the payment vouchers do not have sufficient signatures of competent persons according to the provisions of law on accounting.

4. Remedies:

a) Adding incomplete elements of the voucher for the act specified at Point a, Clause 1 of this Article;

b) Forcible destruction of false or forged accounting vouchers, for the act specified at Point a, Clause 3 of this Article;

c) Enforced supplementary preparation of documents not yet established when economic or financial operations arise, for the act specified at Point d, Clause 3 of this Article;

d) Forcible cancellation of accounting vouchers which have been made many times for a single economic or financial operation, for the act specified at Point e, Clause 3 of this Article.

Article 9. Penalties for violations against regulations on accounting books

1. A fine of VND 1.000.000 to VND 2.000.000 for one of the following acts:

a) Making accounting books without clearly stating the name of the accounting unit; book name, date, month and year of book making; closing date, month and year; lack of signatures of the book maker, chief accountant and the legal representative of the accounting unit; no pagination; do not stamp the overlap between pages of the accounting number on paper;

b) The accounting books are not written with ink pen (unless the unit chooses to record the accounting books by electronic means), inscribed above or below, overlapped, inscribed with lines; do not cross out the unwritten page section; do not add the total figure when the page is written, do not move the total figure of the previous book page to the top of the next book page;

c) Failure to bind in separate books for each accounting period or do not have sufficient signatures and seals as prescribed after being printed on paper (except books which are not required to be printed as prescribed for the case of units. choose to store accounting books on electronic media);

d) The model of accounting books does not contain sufficient main contents as prescribed.

2. A fine of VND 3.000.000 to VND 5.000.000 for one of the following acts:

a) The accounting books are not fully recorded according to the main contents as prescribed;

b) Correcting errors in accounting books against the prescribed method;

c) Failure to print accounting books on paper after closing them electronically for types of accounting books that must be printed on paper as prescribed.

3. A fine of between VND 5.000.000 and VND 10.000.000 for one of the following acts:

a) Failure to open accounting books at the beginning of an annual accounting period or from the date of establishment of the accounting unit;

b) There is no accounting vouchers proving that information or figures in accounting books or figures in accounting books are not correct with accounting vouchers;

c) Information and data recorded in accounting books of the year of implementation do not follow those of those recorded on accounting books of the preceding year or the accounting books are recorded intermittently from the time of opening to closing;

d) Failure to close accounting books in cases where it is required by law to close accounting books.

4. A fine of VND 20.000.000 to VND 30.000.000 for one of the following acts:

a) Cancel ahead of time or intentionally damage accounting books;

b) Leaving outside the accounting books of assets and liabilities of the unit or related to the unit but not to the extent of being examined for penal liability.

5. Remedies:

a) Forcible addition of incomplete elements of accounting books specified at Point a, Clause 2 of this Article;

b) Forcible correction of accounting books to conform to reality in case of no accounting vouchers proving that information information on accounting books or figures in accounting books are not consistent with the prescribed accounting vouchers. at Point b, Clause 3 of this Article;

c) Forcible correction of accounting books to conform to reality in case information and figures recorded in accounting books of the year of implementation do not follow those in accounting books of the preceding year. specified at Point c, Clause 3 of this Article;

d) Forcible restoration of accounting books, for violations specified at Point a, Clause 4 of this Article;

dd) Forcible supplementation to accounting books for acts of leaving assets and liabilities of the units outside or related to the violating units specified at Point b, Clause 4 of this Article.

Article 10. Penalties for violations of tax registration deadlines; notice of business suspension; notice to resume business ahead of time

1. A warning shall be imposed for the act of tax registration; notice of business suspension; notice of business resumption before the notice period is overdue from 01 day to 10 days and there are extenuating circumstances.

2. A fine of between VND 1.000.000 and VND 2.000.000 for one of the following acts:

a) Tax registration; notify the resumption of business before the notice period is overdue from 01 day to 30 days, except for the case specified in Clause 1 of this Article;

b) Notice of business operation suspension beyond the prescribed time limit, except for the case specified in Clause 1 of this Article;

c) Failing to notify the suspension of business operations.

3. A fine of between VND 3.000.000 and 6.000.000 shall be imposed for tax registration; notice of business resumption before the notice period is 31 to 90 days past the prescribed time limit.

4. A fine of between VND 6.000.000 and VND 10.000.000 for one of the following acts:

a) Tax registration; notify the resumption of business activities before the notice period is over 91 days or more;

b) Failing to notify the resumption of business activities before the announced deadline, but no tax payable is incurred.

Article 10. Penalties for violations of regulations on accounting accounts

1. A fine of VND 5.000.000 to VND 10.000.000 for one of the following acts:

a) Failure to do accounting in accordance with regulations of an accounting account;

b) Modifying accounting contents and methods of an accounting account or opening additional accounting accounts subject to the approval of the Ministry of Finance.

2. A fine of between VND 10.000.000 and 20.000.000 shall be imposed for the act of failing to strictly comply with the accounting account system promulgated or approved by the Finance Ministry.

Article 11. Penalties for violations of the regulations on preparing and presenting financial statements

1. A fine of VND 5.000.000 to VND 10.000.000 for one of the following acts:

a) Prepare a financial statement with insufficient contents or in contravention of the prescribed form;

b) Financial statements without the signature of the maker, chief accountant, accountant, or legal representative of the accounting unit.

2. A fine of VND 10.000.000 to VND 20.000.000 for one of the following acts:

a) Incomplete preparation of financial statements as prescribed;

b) Apply a financial statement form different from the provisions of accounting standards and regimes, unless approved by the Ministry of Finance.

3. A fine of between VND 20.000.000 and 30.000.000 shall be imposed for one of the following acts:

a) Failure to prepare financial statements as prescribed;

b) Making financial statements inconsistently with figures on accounting books and accounting vouchers;

c) Preparing and presenting financial statements that do not comply with accounting regimes and accounting standards.

4. A fine of VND 40.000.000 to VND 50.000.000 for one of the following acts:

a) Forging financial statements, falsifying data on financial statements but not to the extent of being examined for penal liability;

b) Agreeing on or forcing others to forge the financial statements, to falsify data on the financial statements but not to the extent of being examined for penal liability;

c) Deliberately, agreeing or forcing others to provide or confirm untrue accounting information and data but not to the extent of being examined for penal liability.

5. Remedies:

a) Forcible preparation and presentation of financial statements in accordance with the accounting regimes and accounting standards, for the violation specified in Clause 3 of this Article;

b) Forcible destruction of forged or false financial statements, for violations specified in Clause 4 of this Article.

Article 12 .- Penalties for violations of the regulations on submission and publicity of financial statements

1. A fine of VND 5.000.000 to VND 10.000.000 for one of the following acts:

a) Submitting financial statements to competent state agencies less than 03 months compared to the prescribed time limit;

b) Disclosure of financial statements is slower than the monthly import deadline.

2. A fine of VND 10.000.000 to VND 20.000.000 for one of the following acts:

a) Publicizing incomplete financial statements as prescribed;

b) Submitting financial statements to competent state agencies without attaching audit reports to cases where the law requires auditing financial statements;

c) Submitting financial statements to competent state agencies at a later than the monthly import and export deadline compared with the prescribed time limit;

d) Publicizing financial statements without accompanying audit reports in cases where the law requires auditing financial statements;

dd) Disclosure of financial statements is delayed for a month or more compared to the prescribed deadline.

3. A fine of VND 20.000.000 to VND 30.000.000 for one of the following acts:

a) Publicing untruthful financial statements and figures;

b) Providing and publishing financial statements for use in Vietnam with heterogeneous data in an accounting period.

4. A fine of VND 40.000.000 to VND 50.000.000 for one of the following acts:

a) Failing to submit financial statements to competent state agencies;

b) Failure to publish financial statements as prescribed.

5. Remedies:

Forcible submission and publicity of audit reports attached to financial statements, for acts of violations specified at Points b and d, Clause 2 of this Article.

Article 15.- Penalties for violations of regulations on preservation and archival of accounting documents

1. Warnings shall be imposed for one of the following acts:

a) Put accounting documents into archives for 12 months or more behind schedule;

b) Failure to arrange accounting documents to be archived according to the chronological order of occurrence and the annual accounting period.

2. A fine of VND 5.000.000 to VND 10.000.000 for one of the following acts:

a) Inadequate archiving of accounting documents as prescribed;

b) Preserving unsafe accounting documents, causing damage or loss of accounting documents during the archival period;

c) Using accounting documents in contravention of regulations;

d) Failure to carry out the inventory, classification and recovery of lost or damaged accounting documents.

3. A fine of VND 10.000.000 to VND 20.000.000 for one of the following acts:

a) Cancellation of accounting documents when the archival period has not expired as prescribed by the Accounting Law but not to the extent of being examined for penal liability;

b) Failure to establish a destruction council, failure to comply with the destruction method, and failure to make a destruction record as prescribed when destroying accounting documents.

Article 17. Penalties for violations against regulations on organization of the accounting apparatus, appointment of accountants or hiring of accountants

1. A fine of VND 5.000.000 to VND 10.000.000 for one of the following acts:

a) Hire unqualified organizations and individuals to practice accounting to provide accounting services for their units;

b) Failure to re-appoint the chief accountant or accountant within the prescribed time limit;

c) Failure to organize the hand-over of the accounting work when there is a change in the accountant, chief accountant or accountant in charge;

d) Failure to notify as prescribed when the chief accountant or chief accountant is changed.

2. A fine of VND 10.000.000 to VND 20.000.000 for one of the following acts:

a) Failure to organize the accounting apparatus of the accounting unit; not appointing accountants or chief accountants or hiring accounting service-providing organizations or individuals to work as accountants or chief accountants according to regulations;

b) Arranging accountants who are not allowed by law to act as accountants;

c) Assigning an accountant, chief accountant or accountant in charge of not meeting the prescribed standards and conditions;

d) Appointing the chief accountant or accountant in contravention of the order and procedures as prescribed.

3. A fine of VND 20.000.000 to VND 30.000.000 for one of the following acts:

a) Arranging a person responsible for managing and operating the accounting unit concurrently acting as an accountant, storekeeper, cashier or buying and selling assets except for a private enterprise or limited liability company made by an individual. owners, enterprises of other types that do not have state capital and are micro enterprises as prescribed by law on SME support;

b) The appointment of people to act as chief accountants does not meet the prescribed standards and conditions;

c) Hiring a person to act as chief accountant who does not meet the prescribed criteria and conditions.

4. Remedies:

Appoint or hire an accountant, chief accountant or accountant in charge of meeting the prescribed criteria and conditions for the cases specified at Points a and b, Clause 1; Points b and c, Clause 2; Points b and c, Clause 3 of this Article.