Name of recommendations: Recommendation on requesting management agencies should complete the system of legal documents soon while ensuring regulations that are appropriate, clear and create conditions for the development of enterprises.

Status: Responded

Recommended by units: VIETNAM ASSOCIATION OF CERTIFIED PUBLIC ACCOUNTANTS (VACPA)

Official letter: 0874/PTM - VP, dated: 2017-04-20

Recommended contents:

Over time, legal documents in general and legal documents on tax in particular are constantly changing. These are direct regulations that affect businesses in general, including those that are subject to statutory auditing, and at the same time affect auditing firms. However, the propaganda and dissemination to the affected subjects of these documents are limited, and meanwhile guidelines are not timely after issuances. Therefore, it is recommended that regulators should strengthen the dissemination and interpretation of legal documents for enterprises to understand and implement in reality. At the same time, consultancy departments of the management agencies should be strengthened counseling content in quantity and quality improvement, ensuring timely, complete and accurate.

Some legal documents have not issued yet or be unclear, there is not a Law on Associations and there are regulations in the draft of Law on Associations that are not suitable with the practice of professional associations such as foreigners are not allowed to  be members of the association; the Law on Enterprise does not clearly define the concept of an "accountant", an "auditor"; an "professional auditor" ...