How will violations against regulations on application documents for audit of units with public interest be penalized?

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How will violations against regulations on application documents for audit of units with public interest be penalized?

Pursuant to Article 59, Decree 41/2018/ND-CP, violations against regulations on application documents for audit of units with public interest shall be penalized as follows:

1. A fine ranging from VND 5,000,000 to VND 10,000,000 shall be imposed for confirmation of inaccurate or forged application documents to gain approval for audit units with the public interest.

2. A fine ranging from VND 10,000,000 to VND 20,000,000 shall be imposed for giving false information in application documents to gain approval for audit units with the public interest.

3. A fine ranging from VND 20,000,000 to VND 30,000,000 shall be imposed for forging application documents to gain approval for audit units with the public interest.

4. Remedial Measure:

Return illegal profits earned by the violation mentioned in Clause 1 of this Article.

As an established company in the field of tax and legal consulting, Vinasc hopes to adequately inform our customers to help them mitigate the risk during operation in Vietnam. Should there be any further concerns, please contact Vinasc’s Customer Care department for timely support.

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