The chief accountant is the head of a unit’s accounting apparatus and in charge of execution of accounting works therein
1. The chief accountant is the head of a unit’s accounting apparatus and in charge of execution of accounting works therein.
2. Chief accountants 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 in Clause 1 Article 54 of this Law, and perform the chief accountant’s rights and obligations specified in Article 55 of this Law.
Article 54. Standards and conditions chief accountants
1. A chief accountant must meet the standards below:
a) Meet the standards specified in Clause 1 Article 51 of this Law;
b) Have at least an associate degree in accounting;
c) Have a certificate of training in chief accountant’s techniques;
d) The holder of a bachelor’s degree in accounting must have at least 02 years’ experience of accounting works; the holder of an associate degree in accounting must have at least 03 years’ experience of accounting works.
2. The Government shall specify standards and conditions for chief accountants that suit each type of accounting units.
Article 55. Rights and obligations of chief accountants
1. A chief accountant has the responsibility to:
a) Comply with regulations of law on accounting and finance of accounting units;
b) Organize the operation of the accounting apparatus in accordance with this Law;
c) Make financial statements in accordance with accounting regimes and accounting standards.
2. The chief accountant has the right to perform accounting works independently.
3. Chief accountants 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 in Clause 2 of this Article, also have the right to:
a) Offer opinions in writing about employment, reassignment, pay raise, commendation, and disciplinary actions for accountants, warehouse-keepers, and treasurers;
b) 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;
c) Preserve his/her opinions in writing if they are at odds with that of the decision maker;
d) 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 a competent authority. In this case the chief accountant is not responsible for the implementation of such decision.
Article 56. Purchase of accounting services and chief accountant’s services
1. An accounting unit may enter into a contract with an accounting firm or accounting household to provide accounting services or chief accountant’s services in accordance with law.
2. The purchase of accounting services or chief accountant’s services must be made into a contract in accordance with law.
3. The accounting unit that purchases accounting services or chief accountant’s services shall provide adequate and accurate information and documents related to such services and fully pay for the services as agreed in the contract.
4. The hired chief accountant must satisfy the standards and conditions specified in Article 54 of this Law.
5. Accounting firms, accounting households, hired accountants, and hired chief accountants are responsible for accounting information and data as agreed in the contracts.
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