Quyết định 1529/QD-BTC

DECISION

ON PROMULGATION OF ASSESSMENT STATEMENT FOR ASEAN CHARTERED PROFESSIONAL ACCOUNTANT

THE MINISTER OF FINANCE

Pursuant to the Asean Mutual Recognition Arrangement on Accountancy Services dated November 13, 2014;

Pursuant to the Law on Accounting No. 88/2015/QH13 on November 20, 2015;

Pursuant to the Law on Independent Audit No. 67/2011/QH12 dated March 29, 2011;

Pursuant to Government's Decree No. 87/2017/ND-CP dated July 26, 2017 on functions, tasks, powers and organizational structure of the Ministry of Finance;

At the request of the Director of Department of Accounting and Audit Regulation.

DECISION

Article 1. Promulgate with this Decision of Assessment Statement for ASEAN Chartered Professional Accountant.

Article 2. This Decision comes into force from the date of signing.

Article 3. The Director of Department of Accounting and Audit Regulation, Director of Department of International Cooperation, President of Vietnam Monitoring Committee shall implement the ASEAN Mutual Recognition Arrangement on Accountancy Services and relevant agencies shall implement this Decision./.

ASSESSMENT STATEMENT

FOR ASEAN CHARTERED PROFESSIONAL ACCOUNTANT
(Promulgated together with Decision No. 1529/QD-BTC dated August 9, 2021 of the Ministry of Finance)

Chapter I

INTRODUCTION

Article 1. The ASEAN Mutual Recognition Arrangement (MRA) on Accountancy Services

1. The Governments of Member Countries of the Association of South East Asian Nations (collectively referred to as “ASEAN”, and comprising Brunei Darussalam, the Kingdom of Cambodia, the Republic of Indonesia, Lao People’s Democratic Republic, Malaysia, the Union of Myanmar, the Republic of the Philippines, the Republic of Singapore, the Kingdom of Thailand, and the Socialist Republic of Viet Nam) have agreed on the ASEAN Mutual Recognition Arrangement on Accountancy Services which aims to:

a) facilitate mobility of accountancy services professionals across ASEAN Member States;

b) enhance the current regime for the provision of accountancy services in ASEAN Member States; and

c) exchange information in order to promote adoption of best practices on standards and qualifications.

2. A copy of the ASEAN Mutual Recognition Arrangement on Accountancy Services, which was signed on November 13, 2014, is available at ASEAN website, at: http://www.asean.org/communities/asean-economic-community/category/services.

Article 2. Assessment Statement For Asean Chartered Professional Accountant

The Assessment Statement For Asean Chartered Professional Accountant is established based on the commitments of Vietnam in the ASEAN Mutual Recognition Arrangement on Accountancy Services.

Article 3. ASEAN Chartered Professional Accountant (ACPA)

1. Under the MRA: a professional Accountant who holds the nationality of an ASEAN Member Country and who possesses qualifications and experience that complies with the requirements specified in of this Assessment Statement may apply to be placed on the ASEAN Chartered Professional Accountants Register (ACPAR) and accorded the title of ASEAN Chartered Professional Accountant (ACPA).

2. The Professional Regulatory Authority (PRA) of each ASEAN Member State (in Vietnam is Ministry of Finance) will authorise a Monitoring Committee (MC) (in Vietnam is Vietnam Monitoring Committee) to receive and process applications from its professional accountants for registration as ACPA to ACPACC and to maintain the ASEAN Chartered Professional Accountants Register (ACPAR) in accordance with the ASEAN Mutual Recognition Arrangement on Accountancy Services.

Article 4. Registered Foreign Professional Accountant (RFPA)

1. An ASEAN CPA who wishes to provide accountancy services in another ASEAN Member State shall apply to the Professional Regulatory Authority (PRA) of a Host Country to be registered as a RFPA.

2. A Registered Foreign Professional Accountant (RFPA) shall provide accountancy services only in the areas of competence as may be recognized and approved by the Professional Regulatory Authority (PRA) of a participating ASEAN Host Country, and shall undertake assignments only in the specific discipline(s) in which he/she has been registered for.  He/she shall also be bound by:

a) codes of professional conduct in accordance with the policy on ethics and conduct established and enforced by the Country of Origin where the RFPA is registered as an ASEAN CPA;

b) prevailing laws and regulations of the participating ASEAN Host Country in which he/she permitted to work as a RFPA;

c) work in collaboration with a local Professional Accountant in the participating ASEAN Host Country subject to the domestic laws and regulations of the Host Country.

Purpose and operation of Assessment Statement

1. This Assessment Statement provides a framework for the assessment of professional Accountants for placement on the ASEAN Chartered Professional Accountants Register (ACPAR) by the Vietnam Monitoring Committee.

2. This Assessment Statement shall be reviewed and accepted by the ASEAN Chartered Professional Accountant Coordinating Committee (ACPACC) before the Vietnam Monitoring Committee is authorised to operate the ASEAN Chartered Professional Accountants Register (ACPAR).

Chapter II

VIETNAM MONITORING COMMITTEE IN IMPLEMENTATION OF THE ASEAN MUTUAL RECOGNITION ARRANGEMENT ON ACCOUNTANCY SERVICES, RECOGNITION REGIME

Article 6. The National Accountancy Body, Professional Regulatory Authority

1. The National Accountancy Body, Professional Regulatory Authority in Vietnam

a) Ministry of Finance of Vietnam (MOF) is the Professional Regulatory Authority of Vietnam.  MOF shall issue certificates of registration for accounting practice, certificates of registration for audit practice, certificates of eligibility for accounting business, certificates of eligibility for audit business.

b) Viet Nam Association of Certified Public Accountants (VACPA), Vietnam Association of Accountants and Auditors (VAA) are the National Accountancy Body in Vietnam.

2. The National Accountancy Body, Professional Regulatory Authority in Vietnam are responsible for the tasks as specified in Article 5 of the Arrangement.

Article 7. Vietnam Monitoring Committee in implementation of the Asean Mutual Recognition Arrangement on Accountancy Services

1. The Vietnam Monitoring Committee (MC) is established by the MOF to implement the Asean Mutual Recognition Arrangement on Accountancy Services. The MC shall perform the tasks as prescribed in Article 6 of the Arrangement.

2. The Minister of Finance shall issue an establishment decision of the Vietnam Monitoring Committee (MC). The MC comprises of Chairperson, Vice Chairperson, secretary and members. The current composition of the MC is shown in the Appendix 1.

3. Contact and address:

Vietnam Monitoring Committee

Ministry of Finance of Vietnam

No. 28 Tran Hung Dao Street, Hoan Kiem District, Ha Noi, Vietnam

Tel: + 84 4 22202828

Fax: + 84 024 22208020

Website: http://www.mof.gov.vn

Email: [email protected]

4. Roles of the Monitoring Committee (MC)

4.1. In assessing compliance with the qualifications and experience set out in the ASEAN Mutual Recognition Arrangement on Accountancy Services for registration as an ASEAN Chartered Professional Accountants and placement on ASEAN Chartered Professional Accountants Register (ACPAR), the MC shall adhere to the criteria and procedures in the Arrangement.

The MC shall also undertake to ensure that all ASEAN Chartered Professional Accountants (ACPAs) on its ASEAN Chartered Professional Accountants Register (ACPAR) of the country of origin:

a) comply fully with the requirements specified in the Arrangement; and

b) provide evidence when apply for recognition as ASEAN CPA or renewal of their registration that they have complied with the Continuing Professional Development (CPD) at a level prescribed in this Assessment Statement.

The MC shall withdraw and deregister the ASEAN Chartered Professional Accountants (ACPA) from the ASEAN Chartered Professional Accountants Register (ACPAR) where:

a) The ASEAN Chartered Professional Accountants (ACPA) have contravened the ASEAN MRA as a Registered Foreign Professional Accountant (RFPA) in the Host Country; or

b) Non-compliance with its Continuing Professional Development (CPD) policy; or

c) Violation of technical, professional or ethical standards either in the Country of Origin or Host Country that had led to deregistration or suspension from practice or withdrawal of certificate/license.

Article 8. Authorisation to work as Registered Foreign Professional Accountant (RFPA)

1. Applications by an ASEAN Chartered Professional Accountants (ACPA) from another participating ASEAN Country to work as a Registered Foreign Professional Accountant (RFPA) in Vietnam shall be made to the MOF. Upon acceptance, the RFPA will be permitted by the MOF to work in collaboration with designated local Professional Accountants. The RFPA will not be eligible to work in independent practice to sign off the auditor’s report or any other report of other services, which is required by any written laws to be signed by a audit practicing license holder, unless he/she is granted audit practicing license by MOF in accordance with external audit law.

2. MOF shall monitor and assess the professional practice of Registered Foreign Professional Accountants (RFPAs) to ensure compliance with the Arrangement. The MOF may prepare rules, which shall not contradict or modify any of the provisions in the Arrangement, for the purposes of maintaining high standards of professional and ethical practice in Accountancy.

Article 9. Assessment mechanism

1. Requirements for registration as ASEAN Chartered Professional Accountant (ACPA)

1.1. A professional accountant who meets the following qualifications and conditions is eligible for registration as an ASEAN Chartered Professional Accountant (ACPA):

a) attained auditor's certificate of Vietnam or accountant's certificate of Vietnam;

b) acquired a minimum of three (3) years of practical experience in accounting or auditing, finance cumulatively within any 5 years since graduation from university prior to application having Certificate at clause 2 Article 9 as above;

c) complied with the Continuing Professional Development (CPD) as prescribed in clause 2 Article 9 as above;

d) has no record of serious violation of Vietnamese and international technical, professional or ethical standards.

1.2. An application for registration as an ASEAN Chartered Professional Accountant (ACPA) shall be made in the format prescribed in Annex 3 to this Assessment Statement.

2. Requirements for practical experience

2.1. To prove the practical experience of working in accounting, auditing or finance as prescribed in point b, paragraph 1.1 clause 1 Article 9, the applicant must submit a report describing the type, significance and level of responsibility of the post qualifying relevant practical experience which is signed by the legal representatives of the companies that he/she worked for (Appendix 4/ASEAN CPA).

2.2. If the application for registration as ASEAN CPA needs to be clarified, the MC in Vietnam shall request the applicant to clarify and provide documents (number of social security, others) to the examination, comparison, and verification of practical experience and other information in the application.

3. Requirements for hours of Continuing Professional Development (CPD)

3.1. The objective of the CPD is to enhance the long-term learning needs and provide a knowledge base through which professional accountants can maintain and enhance their professional qualifications in performing the work.

3.2. Each applicant for registration as ASEAN CPA must meet the applicable regulations on requirements for hours of CPD as applicants for accounting or audit practice in Vietnam.

3.3. No later than August 31 every year, to maintain the title of ASEAN CPA, each ASEAN CPA must meet the applicable regulation on hours of CPD as equivalent to practicing accountants or practicing auditors in Vietnam and submit an annual report on renewal of ASEAN CPA to the Ministry of Finance using the form in Appendix 7/ASEAN CPA issued herewith.

3.4. The certificate of ASEAN CPA will cease to be valid if one of the following criteria is not met:

a) ASEAN CPA fails to maintain the hours of CPD applicable to practicing accountants and practicing auditors in Vietnam; or

b) ASEAN CPA fails to submit an annual report on renewal of ASEAN CPA to the Ministry of Finance using the form in Appendix 7/ASEAN CPA issued herewith as prescribed in point 3.3 clause 3 Article 9 hereof.

3.5. Upon submission of the application for registration as ASEAN CPA and annual report on renewal of ASEAN CPA, the applicant must provide evidence as per the regulations on Continuing Professional Development (CPD).

4. Compliance with technical, professional or ethical standards

4.1. All professional accountants who are registered as ASEAN CPA and ASEAN CPA are bound by the Vietnamese and international Code of Professional Conduct and Ethics; comply with regulations on ethics and conduct established and enforced by Vietnam and other countries where ASEAN CPAs practice.

4.2. Every ASEAN CPA will be held individually accountable for his/her actions taken in their practice of accountancy.  In his/her practice of accountancy, he/she shall not have any record of serious violation on technical, professional or ethical standards, either in Vietnam or elsewhere.

5. Keeping of records for continuing mutual monitoring

5.1. In order to facilitate mutual monitoring, verification of operations of the procedures of participating ASEAN Member Countries and information exchange, the MC shall keep a set of all successful applications for registration on ASEAN Chartered Professional Accountant Register (ACPAR).

5.2. The MC will carry out annual random audits in the ASEAN Chartered Professional Accountant Register (ACPAR) to determine:

a) declarations of participation in CPD; and

b) continued compliance with the conditions of registration.

Article 10. Registration process

1. Guide to Application for Registration as ACPA

1.1. General

This section describes the procedures involved in application for and renewal of registration as ASEAN Chartered Professional Accountants (ACPAs) as prescribed in point 4.2 and Appendix II.

1.2. Application process

a) Application for registration shall be made on the prescribed application form in the Annex of this Assessment Statement and submitted to the MC.

b) The MC will receive and verify applications for registration on behalf of ACPACC in accordance with the Arrangement .

c) Applicants will be informed of the decision of ACPACC in writing.

d) A certificate of registration of ACPA will be issued to successful applicant.

e) For continued recognition of ASEAN CPA, the applicant must keep satisfying the conditions of ASEAN CPA, including the CPD requirement as prescribed in clause 3 Article 9 hereof.

1.3. Application for Recognition as ACPA includes:

a) Application for registration as ASEAN Chartered Professional Accountant;

b) Copy of auditor's certificate of Vietnam or accountant's certificate of Vietnam;

c) Description of practical experience in accounting, audit and finance;

d) Declaration of Continuing Professional Development (CBD);

e) 2 color photos 3x4cm, white background, taken within 6 months until the date of submission of application for ACPA.

2. Professional assessment:

The MC will receive and verify applications for registration on behalf of ACPACC in accordance with the Arrangement regarding the practical experience of the applicant.

The MC shall ensure that all documents related to assessment of the applicant for ASEAN CPA must be available upon request of the ACPACC.

3. Initial registration fee, annual fee

When the application for issuance or renewal of ASEAN CPA is approved by the ACPACC, the applicant has to pay an initial registration fee or annual fee (renewal fee) upon a notice of the MC in Vietnam.

ANNEX 1/ASEAN CPA

MEMBERS OF THE MONITORING COMMITTEE IN VIETNAM
(Promulgated together with Decision No. 1529/QD-BTC dated August 9, 2021 of the Ministry of Finance)

Contact and address:

Vietnam Monitoring Committee

Ministry of Finance of Vietnam

No. 28 Tran Hung Dao Street, Hoan Kiem District, Ha Noi, Vietnam

Tel: + 84 4 22202828

Fax: + 84 024 22208020

Website: http://www.mof.gov.vn

Email: [email protected]

ANNEX 2/ASEAN CPA

APPLICATION PROCEDURES
(Promulgated together with Decision No. 1529/QD-BTC dated August 9, 2021 of the Ministry of Finance)

1. Aim

This Procedure is applicable to the verification requirements of professional accountants who apply to be registered with the ACPACC as ASEAN Chartered Professional Accountants (ACPA) in accordance with the Arrangement.

2. Scope

It encompasses the processing of applicants to register as ASEAN Chartered Professional Accountants (ACPA).

3. Reference Document

The ASEAN Mutual Recognition Arrangement (MRA) on Accountancy Services.

4. Responsibility

The responsibility of implementing and maintaining this procedure is with the Vietnam Monitoring Committee (MC), members of MC and ACPACC.

5. Flow Chart

ANNEX 3/ASEAN CPA

APPLICATION FOR ASEAN CHARTERED PROFESSIONAL ACCOUNTANT (ACPA)
PART 1
(Promulgated together with Decision No. 1529/QD-BTC dated August 9, 2021 of the Ministry of Finance)

Name of Accountant Applicant (As in Passport) (in capital): ...........................................

Date of birth: ....................................................................................................................

Name of Country of Origin: ..............................................................................................

Number of auditor's certificate of Vietnam or accountant's certificate of Vietnam: …….. Date of issue     

ASEAN CHARTERED PROFESSIONAL ACCOUNTANTS REGISTER (ACPAR)

Date: ……………………………………….

Applicant’s signature: ………………………

APPLICATION FOR ASEAN CHARTERED PROFESSIONAL ACCOUNTANT (ACPA)
PART 2
(Promulgated together with Decision No. 1529/QD-BTC dated August 9, 2021 of the Ministry of Finance)

(house number, village/hamlet, ward/commune; district, province/city)

7. Current address: ............................................................................................................

8. Phone number: ..............................................................................................................

9. Email: ...........................................................................................................................

10. Professional qualifications:  .........................................................................................

Academic degree (highest academic degree): .....................................................................

Academic title: ..................................................................................................................

11. Number of auditor's certificate of Vietnam or accountant's certificate of Vietnam: …………. Date of issue:     

12. Workplace: ..................................................................................................................

Position: ...........................................................................................................................

13. Address of workplace: .................................................................................................

14. Working experience (working experience from the graduation to the submission of application):

15. Practical experience in accounting, audit, finance (attached documents)

I have … months of experience in accounting, audit, finance (since the graduation to the submission of application).

16. Number of hours of Continuing Professional Development (CPD) as prescribed (with proof enclosed).  Crossed out if the applicant fails to comply with the CPD as prescribed.

17. Disciplinary actions taken against violations in Vietnamese and international technical, professional or ethical standards for professional accountants and auditors (specify specific disciplinary actions, number of discipline decision, decision maker, discipline period, if not, specify NO)

.........................................................................................................................................

.........................................................................................................................................

18. Request verification, assessment and recognition of title of ASEAN CPA for me.

I hereby declare that: (Tick X in appropriate box)

19. The application includes:

□ Copy of auditor’s certificate of Vietnam or accountant’s certificate of Vietnam

□ Description of practical experience in accounting, audit and finance

□ Declaration of Continuing Professional Development (CBD);

□ 2 color photos 3x4cm, white background, taken within 6 months until the date of submission of application for ACPA.

□ Other documents (e.g. copy of the social security book, etc.).

20. I hereby declare that the above descriptions and attachments are true to the best of my knowledge. I shall be liable for the accuracy and truthfulness of the descriptions and attachments hereto.

ANNEX 4/ASEAN CPA

CERTIFICATE OF PRACTICIAL EXPERIENCE IN ACCOUNTING, AUDIT, FINANCE
(Promulgated together with Decision No. 1529/QD-BTC dated August 9, 2021 of the Ministry of Finance)

To: (Name of workplaces)

1. Full name (in capital): …………………………………………………..; Male/Female: .....

2. Year of birth: .................................................................................................................

3. Identity’s card/Passport No. ……………. Date of issue: …/…./…. at: ..........................

4. Registered permanent residence: ................................................................................

5. Current address: ..........................................................................................................

Request ………………………………………… to certify the practical experience in accounting, audit, finance at the following workplaces:

I shall be liable for the accuracy and truthfulness of the above information.

Notes:

- Each workplace is only authorize to certify the applicant during his/her working period there.

- This certificate must be signed by the legal representative (or authorized person) of the workplace where the applicant has worked.

ANNEX 5/ASEAN CPA

ASSESSOR’S REPORT
(Promulgated together with Decision No. 1529/QD-BTC dated August 9, 2021 of the Ministry of Finance)

Date of assessment: .........................................................................................................

Candidate’s name: .............................................................................................................

Date of birth: ....................................................................................................................

ASSESSOR’S REPORT

1. Professional qualifications:

.........................................................................................................................................

.........................................................................................................................................

.........................................................................................................................................

.........................................................................................................................................

.........................................................................................................................................

.........................................................................................................................................

2. CPD:

.........................................................................................................................................

.........................................................................................................................................

.........................................................................................................................................

.........................................................................................................................................

.........................................................................................................................................

.........................................................................................................................................

3. Relevant Professional Accountancy Experience:

.........................................................................................................................................

.........................................................................................................................................

.........................................................................................................................................

.........................................................................................................................................

.........................................................................................................................................

4. Others (if any)

.........................................................................................................................................

.........................................................................................................................................

5. Assessor’s recommendations:

□ PASS

□ FAIL

(i) If fail, candidate’s weakness lies in the following:

.........................................................................................................................................

.........................................................................................................................................

.........................................................................................................................................

Elaborate on reasons for failure:

.........................................................................................................................................

.........................................................................................................................................

.........................................................................................................................................

ASSESSOR:

ANNEX 6/ASEAN CPA

MONITORING COMMITTEE SUMMARY OF ASSESSMENT OF APPLICATION FOR ASEAN CHARTERED PROFESSIONAL ACCOUNTANT REGISTRATION
(Promulgated together with Decision No. 1529/QD-BTC dated August 9, 2021 of the Ministry of Finance)

1. Name of applicant (in capital): ........................................................................................

2. Date of birth: ……………………………. Male/Female: ......................................................

3. Identity card/Passport No. ………………. Date of issue: …/…./…. at: ..............................

4. Nationality: ....................................................................................................................

5. Attained auditor's certificate of Vietnam or accountant's certificate of Vietnam: No. ………………….; Date of issue ……………………

6. Certified Compliance with ACPA Criteria:

ANNEX 7/ASEAN CPA

ANNUAL REPORT ON RENEWAL OF ASEAN CPA
(Promulgated together with Decision No. 1529/QD-BTC dated August 9, 2021 of the Ministry of Finance)

1. Name: ……………………………………………………………..; Male/Female: .......................

2. Year of birth: …………………………………………….; Hometown/Nationality .....................

3. Number of auditor's certificate or accountant's certificate: ……………………….. Date of issue …/…./………..

4. ASEAN CPA No. ……………………….. Date of issue …/…./………..

5. Number of hours of CPD within 12 months from …. to … (enclosed with declaration of Continuing Professional Development):

6. Compliance with Vietnamese and international technical, professional or ethical standards in accountancy.

Violation

□ No

□ Yes (specify each violation)

I shall be liable for the accuracy and truthfulness of the descriptions and attachments hereto.

ANNEX 8/ASEAN CPA

ABBREVIATIONS
(Promulgated together with Decision No. 1529/QD-BTC dated August 9, 2021 of the Ministry of Finance)