An accounting firm shall be suspended from providing accounting services in one of the following cases

Article 69. Suspension of provision of services and revocation of Certificate of eligibility to provide accounting services, Certificate of Accounting Service Registration

acconting-services1. An accounting firm shall be suspended from providing accounting services in one of the following cases:

a) One, some, or all of the conditions specified in Article 60 of this Law are not satisfied for 03 consecutive months;

b) There are professional errors or violations against accounting standards or code of ethics for accountants that cause serious consequences or are likely to cause serious consequences.

2. An accounting firm shall have its Certificate of eligibility to provide accounting services revoked in one of the following cases:

b) Accounting services are not provided for 12 consecutive months;

c) The errors or violations mentioned in Clause 1 of this Article are not eliminated within 60 days from the suspension date;

d) The firm is dissolved, goes bankrupt, or suspends the accounting service provision itself;

dd) The Certificate of Enterprise Registration, Investment Registration Certificate, or an equivalent document is revoked;

e) The firm falsifies accounting documents, financial statements and provides false information and reports, or colludes with another entity in doing so;

g) The Certificate of eligibility to provide accounting services is forged or falsified.

3. The accounting firm whose Certificate of eligibility to provide accounting services is revoked shall immediately stop providing accounting services from the effective date of the decision on revocation.

4. An accounting household shall be suspended from providing accounting services when there are professional errors or violations against accounting standards or code of ethics for accountants that cause serious consequences or are likely to cause serious consequences.

5. An accounting household shall be shut down in one of the following cases:

a) Accounting services are not provided for 12 consecutive months;

b) The errors or violations mentioned in Clause 4 of this Article are not eliminated within 60 days from the suspension date;

c) Accounting service provision is terminated;

d) The household falsifies accounting documents, financial statements and provide false information and reports, or colludes with another entity in doing so;

dd) The household has its certificate of business household registration revoked;

e) All accounting practitioners in the same business household have their Certificates of Accounting Service Registration revoked.

6. An accounting practitioner shall be suspended from providing accounting services in one of the following cases:

dich-vu-thanh-lap-cong-ty-nuoc-ngoaia) There are professional errors or violations against accounting standards or code of ethics for accountants that cause serious consequences or are likely to cause serious consequences.

b) The conditions for practicing are no longer satisfied;

c) Regulations of competent authorities on accounting inspection are not complied with;

d) The obligations specified in Article 67 of this Law are not fulfilled.

7. An accounting practitioner shall have his/her Certificate of Accounting Service Registration revoked in one of the following cases:

a) Fraudulent documents are used to apply for the Certificate of Accounting Service Registration;

b) The accountant certificate is revoked;

c) The practitioner is convicted under an effective court’s judgment.

Article 70. Accounting associations

1. Accounting associations shall be established and operated in accordance with regulations of law on associations and accounting.

2. Accounting associations may provide refresher courses for accountants and accounting practitioner, and perform certain tasks related to accounting works defined by the Government.