| THE MINISTRY OF FINANCE | SOCIALIST REPUBLIC OF VIET NAM |
| No: 203/2012/TT-BTC | Hanoi, November 19, 2012 |
CIRCULAR
On the order and procedures for grant, management and use of certificates of eligibility for provision of audit services
Pursuant to March 29, 2011 Law No. 67/2011/QH12 on Independent Audit;
Pursuant to the Government’s Decree No. 17/2012/ND-CP of March 13, 2012, detailing and guiding the implementation of a number of articles of the Law on Independent Audit;
Pursuant to the Government’s Decree No. 118/2008/ND-CP of November 27, 2008, defining the functions, tasks, powers and organizational structure of the Ministry of Finance;
At the proposal of the director of the Department of Audit and Accounting Regimes,
The Minister of Finance promulgates the Circular on the order and procedures for grant, management and use of certificates of eligibility for provision of audit services.
Chapter I
GENERAL PROVISIONS
Article 1. Scope of regulation
This Circular provides the order and procedures for grant, management and use of certificates of eligibility for provision of audit applicable to audit firms and Vietnam-based branches of foreign audit firms.
Article 2. Subjects of application
1. Audit firms and Vietnam-based branches of foreign audit firms (below collectively referred to as audit firms).
2. Organizations and individuals involved in the grant, management and use of certificates of eligibility for provision of audit services.
Article 3. Subjects to be grantedcertificates of eligibility for provision of audit services
Certificates of eligibility for provision of audit services are granted to limited liability companies, partnerships, private enterprises and Vietnam-based branches of foreign audit firms that satisfy the conditions in Article 21 of the Law on Independent Audit and comply with the provisions of the Government’s Decree No. 17/2012/ND-CP of March 13, 2012, detailing and
