Sanction of acts violating provisions on accounting vouchers

Article 7. Sanction of acts violating provisions on accounting vouchers

accounting services company in vietnam11. Warning for act of signing accounting vouchers inconsistently with provisions on position of signatures of titles for each type of accounting vouchers.

2. A fine of between VND 500,000 and 1,000,000 for any of the following acts:

a) Making accounting vouchers with insufficient principal details as prescribed by the accounting legislation;

b) Erasing, modifying accounting vouchers.

3. A fine of between VND 5,000,000 and 10,000,000 for any of the following acts:

a) Making accounting vouchers without the sufficient number of duplicate copies according to regulations on each type of accounting document;

b) Signing on accounting vouchers which are not fully filled in the contents falling under the signatories’ responsibility;

c) Signing accounting vouchers when having no competence or authorization to sign.

4. A fine of between VND 20,000,000 and 30,000,000 for any of the following acts:

a) Forging or making false statements in the accounting vouchers;

b) Reaching agreement with or compelling other persons to forge, or make false statements in, accounting vouchers;

c) Making accounting vouchers with duplicate copies containing different contents, for cases of making vouchers with more than one duplicate copy for one arisen economic or financial operation;

d) Failing to make accounting vouchers for arisen economic or financial operations;

accounting services company in vietnamdd) Making more than once accounting vouchers for one arisen economic or financial operation;

e) Destroying or deliberately damaging accounting vouchers.

5. Additional sanctions:

a) Confiscation of accounting vouchers for violations specified in points a, b Clause 4 of this Article;

b) Deprive of the right to use the accountancy practice certificates for persons practicing accountancy from 1 month to 3 months; suspension of provision of accounting service for organizations providing accounting service from 1 month to 3 months, in case of violation specified in Clause 4 of this Article.

6. Remedial measures:

Forcible destruction of accounting vouchers which have been made in an overlapping manner for an operation specified in point dd Clause 4 of this Article;