THE MINISTRY OF FINANCE
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom – Happiness
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No. 64/2004/TT-BTC
Hanoi, June 29, 2004
 CIRCULAR
GUIDING THE IMPLEMENTATION OF A NUMBER OF ARTICLES OF THE GOVERNMENT'S DECREE NO. 105/2004/ND-CP OF MARCH 30, 2004 ON INDEPENDENT AUDIT
Pursuant to the Government's Decree No. 86/2002/ND-CP of November 5, 2002 defining the functions, tasks, powers and organizational structures of the ministries and ministerial-level agencies;
Pursuant to the Government's Decree No. 77/2003/ND-CP of July 1, 2003 defining the functions, tasks, powers and organizational structure of the Finance Ministry;
In furtherance of the Government's Decree No. 105/2004/ND-CP of March 30, 2004 on independent audit, the Finance Ministry hereby guides the implementation of a number of articles of Decree No. 105/2004/ND-CP as follows:
I. GENERAL PROVISIONS
1. Rights of audited units
1.1. Audited units may select auditing enterprises and auditors fully satisfying the conditions for lawful profession practice in Vietnam as prescribed in Article 23 of the Government's Decree No. 105/2004/ND-CP of March 30, 2004 on independent audit (hereinafter referred to as Decree No. 105/2004/ND-CP for short) in order to sign contracts on the provision of audit services, except otherwise provided for by law.
When signing contracts on the provision of audit services, audited units may request auditing enterprises to provide their "lists of registered practicing auditors, year", already certified by the Finance Ministry.
1.2. Audited units must not select auditing enterprises, which are operating with less than 3 practicing auditors; which fail to fully meet the conditions for audit practice, or whose auditors are not on the lists of registered practicing auditors already certified by the Finance Ministry, in order to sign contracts on the provision of audit services.
1.3. The selection of auditing enterprises, if being governed by the legislation on bidding, must comply with the bidding regulation.