How will violations against regulations on application documents for certificate of eligibility to provide audit services be penalized?

Pursuant to Article 41, Decree 41/2018/ND-CP, violations against regulations on application documents for certificate of eligibility to provide audit services 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 false information in the application documents to obtain the certificate of eligibility to provide audit services.

2. A fine ranging from VND 10.000.000 to VND 20.000.000 shall be imposed for giving false information in the application documents to obtain the certificate of eligibility to provide audit services.

3. A fine ranging from VND 20.000.000 to VND 30.000.000 shall be imposed for forging application documents to obtain the certificate of eligibility to provide audit services.

4. Additional penalty:

The violation mentioned in Clause 3 of this Article shall result in confiscation of evidence..

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 concern, please contact Vinasc’s Customer Care department for timely support.