Companies required to have financial statements audited
According to the Dispatch No. 1339/BTC-CĐKT dated January 24, 2014 of the Ministry of Finance, the companies below must have their annual financial statements audited:
- Foreign-invested companies;
- The credit institutions established and operated within the Law on credit institutions, including branches of foreign banks;
- Financial institutions, insurers, reinsurers, insurance brokers, branches of foreign non-life insurers;
- Public companies, the organizations that issue and trade in securities;
- Other companies and organizations that must be audited according to relevant laws; the companies and organizations that must be audited by foreign auditors or their branches in Vietnam.
The financial statements that are not audited shall not be accepted. Any of the aforesaid companies that fails to have their financial statements audited shall face a fine up to 30 million VND (according to Point h Clause 2 Article 10 of the Decree No. 105/2013/NĐ-CP)
- The credit institutions established and operated within the Law on credit institutions, including branches of foreign banks;
- Financial institutions, insurers, reinsurers, insurance brokers, branches of foreign non-life insurers;
- Public companies, the organizations that issue and trade in securities;
- Other companies and organizations that must be audited according to relevant laws; the companies and organizations that must be audited by foreign auditors or their branches in Vietnam.
The financial statements that are not audited shall not be accepted. Any of the aforesaid companies that fails to have their financial statements audited shall face a fine up to 30 million VND (according to Point h Clause 2 Article 10 of the Decree No. 105/2013/NĐ-CP)
Source: http://thuvienphapluat.vn/news/headlines/6620/companies-required-to-have-financial-statements-audited
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