How will violations against regulations on management and use of accountant certificates and auditor certificates be penalized?

Accountant certificates and auditor certificates are crucial proof of accountants’ and auditors’ expertise. Violations against regulations on management and use of accountant certificates and auditor certificates shall be penalized pursuant to Article 21, Decree 41/2018/ND-CP:

1. A fine ranging from VND 5.000.000 to VND 10.000.000 shall be imposed on individuals for one of the following violations:

a) Tampering with the accountant certificate’s contents;

b) Allowing an external entity to rent, borrow and use one’s own accountant certificate and auditor certificate for the purpose of registration of accounting practice or registration of accounting practice at a unit other than that specified in the full-time labor contract.

2. A fine ranging from VND 10.000.000 to VND 20.000.000 shall be imposed for renting, borrowing and using an accountant certificate and a auditor certificate of a person who is not working as a full-time employee, or not working at all for one’s own unit for the purpose of registration of accounting practice.

3. A fine ranging from VND 20.000.000 to VND 30.000.000 shall be imposed for forging accountant certificates.

4. Additional penalties:

a) Any of violations mentioned in Point a, Clause 1 of this Article shall result in confiscation of evidence;

b) The accounting practitioner committing the violation mentioned in Point b, Clause 1 of this Article shall have his/her certificate of accounting practice registration suspended for 3-6 months period from the day the decision on penalty imposition comes into effect.

5. Remedial Measure:

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