How will violations against regulations on provision of refresher training for accounting practitioners and accounting practice registration applicants be penalized?

Pursuant to Article 20, Decree 41/2018/ND-CP, violations against regulations on provision of refresher training for accounting practitioners and accounting practice registration applicants shall be penalized as follows:

1. A warning shall be imposed on the organization approved by the Ministry of Finance to run refresher courses for accounting practitioners and accounting practice registration applicants committing one of the following violations:

a) Failure to comply with regulations on number of trainees per class;

b) Failure to issue certificates to the refresher course’s trainees and confirmation papers to accountants and auditors teaching refresher courses at the end of each course;

c) Submitting post-course reports on the accountant refresher course less than 15 days after the specified deadline;

d) Notifying the Ministry of Finance of the plan and curriculum for the following year’s refresher course, or changes in the plan and curriculum before the course less than 15 days after the specified deadline;

dd) Submitting the consolidated report on the annual accountant refresher course less than 15 days after the specified deadline.

2. A fine ranging from VND 5.000.000 to VND 10.000.000 shall be imposed on organizations approved to run refresher courses for accounting practitioners and accounting practice registration applicants for one of the following violations:

a) Running refresher courses for accounting practitioners and accounting practice registration applicants not according to the plans which were registered or the Ministry of Finance was informed of;

b) Submitting post-course reports on the accountant refresher course to the Ministry of Finance 15 days after the specified deadline or later;

c) Submitting the consolidated report on the annual accountant refresher course 15 days after the specified deadline or later;

d) Failure to retain documents on refresher courses in full.

3. A fine ranging from VND 10.000.000 to VND 20.000.000 shall be imposed on the organization approved to run refresher courses for accounting practitioners and accounting practice registration applicants committing one of the following violations:

a) Failure to submit post-course reports on the accountant refresher course;

b) Failure to submit the annual consolidated report on the accountant refresher courses;

c) Running refresher courses for accounting practitioners and accounting practice registration applicants for the purpose of recording time spent on refresher training without the Ministry of Finance’s approval;

d) Issuing certificates of completion of the refresher course for accounting practitioners and accounting practice registration applicants to trainees who did not participate in the course’s activities;

dd) reporting the incorrect number of trainees attending the refresher course for accounting practitioners and accounting practice registration applicants or the time spent on the course.

e) reporting the refresher course as if it was organized despite the contrary.

4. Additional penalty:

The organization that recommits any of the violations mentioned in Clause 3 of this Article will be suspended from running accountant refresher courses for 1-3 months from the day the decision on penalty imposition comes into effect.

5. Remedial measure:

Return illegal profits earned by the violation mentioned in Point c, Clause 3 of this Article.

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