Comments on the revised Law on Accounting
(Baonghean) - On the afternoon of September 17, the Provincial National Assembly Delegation held a conference to collect comments on the draft Law on Accounting (amended). Comrade Pham Van Tan - Head of the Provincial National Assembly Delegation chaired the conference.
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Representatives of the Department of Finance commented on the prohibited acts in the draft revised Law on Accounting. |
The draft revised Law on Accounting has 7 chapters and 74 articles regulating the content of accounting work, organization of accounting apparatus and accountants; accounting service business activities, State management of accounting and accounting professional organizations.
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Representative of Vietnam Chamber of Industry in Nghe An commented on professional ethics standards of accounting. |
After studying the draft Law on Accounting (amended), the delegates basically agreed and highly agreed with the draft. This draft Law on Accounting (amended) has overcome shortcomings and unreasonableness in accounting work and accounting practice.
However, to complete the Law on Accounting (amended), many delegates also focused on contributing related issues on accounting subjects, prohibited acts, accounting service business, financial reporting, accounting standards and accounting professional ethics standards... In addition, regarding the regulation on "Accounting service practitioners must have an accountant certificate", many delegates said that the Law drafting agency should consider allowing the practice of accounting services as an independent individual as an accountant.
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Comrade Tran Quoc Chung - Deputy Head of the Economic and Budget Committee of the Provincial People's Council commented on the regulations on standards for people granted accounting practice certificates. |
In addition, the regulation of standards for people granted accounting practice certificates is not suitable for reality, easily leads to legal loopholes and is inconsistent with the provisions of other laws such as the current Tax Law. Hiring an accountant for enterprises is reasonable, but for state management agencies, it may not be reasonable because state management agencies have their own payroll, including chief accountants and accountants. The Accounting Law is a replacement law, so it is recommended that the draft add a provision on Regulations and enforcement, and at the same time, it is recommended that the Government stipulate details and guide the implementation of this Law...
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Comrade Pham Van Tan acknowledged and accepted the delegates' comments. |
On behalf of the Provincial National Assembly Delegation, Comrade Pham Van Tan acknowledged and highly appreciated the responsible, dedicated and quality comments of the delegates. The opinions and recommendations of the delegates will be compiled by the Provincial National Assembly Delegation and submitted to the National Assembly./.
Thanh Le