These Regulations are made on the basis of Vietnam's commitments under mutual recognition agreements on accounting and auditing services among ASEAN member states.
According to this document, an applicant meeting all of the following standards may apply for recognition as an ASEAN Chartered Professional Account (ASEAN CPA).
- Possessing a certificate of practicing as an accountant or auditor in Vietnam;
- Acquiring actual practical experience in accounting, auditing or finance for minimum 3 years cumulatively within any 5 year period from the time of conferral of the university degree to the time of application for recognition as an ASEAN CPA;
- Complying with the Continuing Professional Development (CPD) policy stipulated in clause 3 of Article 9 in these Regulations, specifically including:
+ By August 31 every year at the latest, in order to maintain the title of ASEAN CPA, each ASEAN CPA must comply with current regulations on the number of hours of participation in the CPD the same as those applied to chartered accountants and auditors in Vietnam;
+ Submitting the annual report on maintenance of the ASEAN CPA title to the Ministry of Finance;
- Having no record of serious violation of Vietnamese and international technical, professional and ethical standards for accountancy and audit.
Decision No. 1529/QD-BTC is entering into force as of August 9, 2021.
>> CLICK HERE TO READ THE ARTICLE IN VIETNAMESE
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