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Legal Document
Title: Law on Independent Audit No. 51/NA, dated 22 July 2014
Type: Law
Responsible Agency: Ministry of Finance
Issuing Date: 2014-07-22
Click here to see the measures contained in this document
Type: Law
Responsible Agency: Ministry of Finance
Issuing Date: 2014-07-22
Click here to see the measures contained in this document
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Download English:Law on Independent Audit No. 51/NA, dated 22 July 2014
Download Lao:Law on Independent Audit No. 51/NA, dated 22 July 2014
List Measures Related to Legal Documents
| Name | Description | Status |
|---|---|---|
| Prohibition on Auditees from causing impairment to the reputation of certified public accountants and auditors | Auditees are prohibited from causing impairment to the reputation of certified public accountants and auditors | Active |
| Prohibition on Auditees from hiding or destroying documents and materials that are audit evidence | Auditees are prohibited from hiding or destroying documents and materials that are audit evidence | Active |
| Prohibition on Auditees from impeding, delaying, causing difficulty or threatening auditors or persons involved in the audit | Auditees are prohibited from impeding, delaying, causing difficulty or threatening auditors or persons involved in the audit | Active |
| Prohibition on Auditees from offering bribes to the auditor or persons involved in the audit | Auditees are prohibited fomr offering bribes to the auditor or persons involved in the audit | Active |
| Prohibition on Auditees from reporting or providing incorrect data and documents to auditors | Auditees are prohibited from reporting or providing incorrect data and documents to auditors | Active |
| Prohibition on Auditors from disclosing confidential information of the entity to which they rendered accounting services | Auditors are prohibited from disclosing confidential information of the entity to which they rendered accounting services | Active |
| Prohibition on Auditors from exaggerating qualifications possessed or using inappropriate advertising or marketing method for seeking clients | Auditors are prohibited from exaggerating qualifications possessed or using inappropriate advertising or marketing method for seeking clients | Active |
| Prohibition on Auditors from hiding, falsifying or destroying relevant documents or data | Auditors are prohibited from hiding, falsifying or destroying relevant documents or data | Active |
| Prohibition on Auditors from lending, borrowing, transferring or selling its Certified Public Accountant Certificate | Auditors are prohibited from lending, borrowing, transferring or selling its Certified Public Accountant Certificate | Active |
| Prohibition on Auditors from practicing any activity that impairs the reputation of the accounting and audit professions | Auditors are prohibited from practicing any activity that impairs the reputation of the accounting and audit professions | Active |
| Prohibition on Auditors from practicing at two or more accounting or audit firms, or practicing another profession besides the accounting and audit profession | Auditors are prohibited from practicing at two or more accounting or audit firms, or practicing another profession besides the accounting and audit profession | Active |
| Prohibition on Auditors from requesting, claiming or receiving bribes, and colluding with auditee | Auditors are prohibited from requesting, claiming or receiving bribes, and colluding with auditee | Active |
| Prohibition on Auditors from selling and buying shares, bonds or other assets to and from auditee when performing audit work | Auditors are prohibited from selling and buying shares, bonds or other assets to and from auditee when performing audit work | Active |
| Prohibition on Auditors from working at two or more entities while having full-time work with one of those entities or rendering accounting and audit services without license of the Ministry of Finance | Auditors are prohibited from working at two or more entities while having full-time work with one of those entities or rendering accounting and audit services without license of the Ministry of Finance | Active |
| Prohibition on Certified Public Accountants from lending, borrowing, transferring or selling its Certified Public Accountant Certificate | Certified Public Accountants are prohibited from lending, borrowing, transferring or selling its Certified Public Accountant Certificate | Active |
| Prohibition on Certified Public Accountants from practicing any activity that impairs the reputation of the accounting and audit professions | Certified Public Accountants are prohibited from practicing any activity that impairs the reputation of the accounting and audit professions | Active |
| Prohibition on Certified Public Accountants from Working at two or more entities while having full-time work or rendering accounting and audit services without license of the Ministry of Finance | Certified Public Accountants are prohibited from working at two or more entities while having full-time work or rendering accounting and audit services without license of the Ministry of Finance | Active |
| Prohibition on impersonating an auditor or certified public accountant | Individuals and other organizations are prohibited from pretending to be an auditor or certified public accountant or statutory auditor | Active |
| Prohibition on providing audit or accounting services without a license | Individuals and other organizations are prohibited from Rendering accounting and audit services without license | Active |
| Prohibitions on slander | Individuals and other organizations are prohibited from slandering or intervening in the execution of an audit or impeding audit functions of the statutory audito | Active |