Penalties for violations against regulations on organization of accounting apparatus, appointing or hiring accountant. Violations against regulations on creation and presentation of financial statement. Violations against regulations on submission and disclosure of financial statements
PENALTIES FOR ADMINISTRATIVE VIOLATIONS IN THE FIELDS OF ACCOUNTING
According to the provisions of Decree 41/2018/ND-CP dated March 12, 2018
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|
Ordinal |
VIOLATIONS |
PENALTIES |
|
I |
Violations against regulations on organization of accounting apparatus, appointing or hiring accountants (Article 17) |
|
|
1 |
Failure to organize the accounting unit’s accounting apparatus |
Fine ranging from VND 10.000.000 to VND 20.000.000 |
|
2 |
Failure to appoint accountants, chief accountants or purchase accounting services or chief accountant’s services from accounting service business firm as prescribed. |
Fine ranging from VND 10.000.000 to VND 20.000.000. |
|
3 |
Appointing chief accountants who do not meet all standards and conditions as prescribed. |
Fine ranging from VND 20.000.000 to VND 30.000.000 |
|
II |
Violations against regulations on hiring accounting services (Article 17) |
|
|
1 |
Hiring entities that fail to meet all standards and conditions for practicing accounting |
Fine ranging from VND 5.000.000 to VND 10.000.000 |
|
2 |
Hiring chief accountants who do not meet all standards and conditions as prescribed. |
Fine ranging from VND 20.000.000 to VND 30.000.000 |
|
III |
Violations against regulations on creation and presentation of financial statements (Article 11) |
|
|
1 |
The financial statement lacks the signature of the creator, chief accountant, accounting manager or the accounting unit's legal representative. |
Fine ranging from VND 5.000.000 to VND 10.000.000.
|
|
2 |
Failure to make sufficient financial statements as prescribed. |
Fine ranging from VND 10.000.000 to VND 20.000.000. |
|
3 |
Failure to make financial statements as prescribed. |
Fine ranging from VND 20.000.000 to VND 30.000.000. |
|
4 |
The financial statement’s figures do not match those in the accounting book oraccounting records. |
30.000.000 đồng. Fine ranging from VND 20.000.000 to VND 30.000.000. |
|
IV |
Violations against regulations on submission and disclosure of financial statements (Article 12). |
|
|
1 |
The financial statement is submitted less than 3 months after the specified deadline as prescribed |
Fine ranging from VND 5.000.000 to VND 10.000.000 |
|
2 |
Failure to submit financial statement to the competent authorities;
|
Fine ranging from VND 40.000.000 to VND 50.000.000 |
|
3 |
The financial statement submitted to the competent authorities does not include the audit statement when required by law. |
Fine ranging from VND 10.000.000 to VND 20.000.000. |
