Establishment of Accounting and Audit Firms | Authorization / permit requirements | Ministry of Finance | Law on Independent Audit No. 51/NA, dated 22 July 2014 | 31-12-9999 |
Auditees to pay audit fees | Fee | Ministry of Finance | Law on Independent Audit No. 51/NA, dated 22 July 2014 | 31-12-9999 |
Break down of Audit Firm Fees | Fee | Ministry of Finance | Law on Independent Audit No. 51/NA, dated 22 July 2014 | 31-12-9999 |
Disclosure of Audit Firm Fees | Fee | Ministry of Finance | Law on Independent Audit No. 51/NA, dated 22 July 2014 | 31-12-9999 |
Requirement for accountants to have a certificate | Licensing (based on experience, track record, technical requirements, and/or other) | Ministry of Finance | Amended Accounting Law No. 47/NA, dated 26 December 2013 | 31-12-9999 |
Requirement for accounting consultant to have a certificate | Licensing (based on experience, track record, technical requirements, and/or other) | Ministry of Finance | Amended Accounting Law No. 47/NA, dated 26 December 2013 | 31-12-9999 |
Requirement for accounting expert to have a certificate and work experience | Licensing (based on experience, track record, technical requirements, and/or other) | Ministry of Finance | Amended Accounting Law No. 47/NA, dated 26 December 2013 | 31-12-9999 |
Requirement for chief accountant to have certificate and experience | Licensing (based on experience, track record, technical requirements, and/or other) | Ministry of Finance | Amended Accounting Law No. 47/NA, dated 26 December 2013 | 31-12-9999 |
Requirement for Accounting Firm Practicing License not be an officer, owner, shareholder or staff of any enterprise | Licensing (based on experience, track record, technical requirements, and/or other) | Ministry of Finance | Law on Independent Audit No. 51/NA, dated 22 July 2014 | 31-12-9999 |
Requirement for Accounting Firm Practicing License to be free of embezzlement or other intentional infringements on finance or accounting | Licensing (based on experience, track record, technical requirements, and/or other) | Ministry of Finance | Law on Independent Audit No. 51/NA, dated 22 July 2014 | 31-12-9999 |
Requirement for Accounting Firm Practicing License to have more than three technical staff that have acquired a high level education degree in accounting and finance | Licensing (based on experience, track record, technical requirements, and/or other) | Ministry of Finance | Law on Independent Audit No. 51/NA, dated 22 July 2014 | 31-12-9999 |
Shareholding requirement for audit firm to obtain audit practising license | Licensing (based on experience, track record, technical requirements, and/or other) | Ministry of Finance | Law on Independent Audit No. 51/NA, dated 22 July 2014 | 31-12-9999 |
Audit firm not to be an officer, owner, shareholder or staff of any enterprise to obtain audit practising license | Licensing (based on experience, track record, technical requirements, and/or other) | Ministry of Finance | Law on Independent Audit No. 51/NA, dated 22 July 2014 | 31-12-9999 |
Audit firm to be a certified public accountant or a foreign audit firm to obtain audit practising license | Licensing (based on experience, track record, technical requirements, and/or other) | Ministry of Finance | Law on Independent Audit No. 51/NA, dated 22 July 2014 | 31-12-9999 |
Audit firm to be free of embezzlement or other intentional infringements on finance or accounting to obtain audit practising license | Licensing (based on experience, track record, technical requirements, and/or other) | Ministry of Finance | Law on Independent Audit No. 51/NA, dated 22 July 2014 | 31-12-9999 |
Requirement for Accounting Firm Practicing License to be certified | Licensing (based on qualifications / education) | Ministry of Finance | Law on Independent Audit No. 51/NA, dated 22 July 2014 | 31-12-9999 |
Audit firm to have at least two certified public accountants and, in case of sole proprietorship enterprise, have technical staffs that have acquired at least a high level education degree to obtain audit practising license | Licensing (based on qualifications / education) | Ministry of Finance | Law on Independent Audit No. 51/NA, dated 22 July 2014 | 31-12-9999 |
Criteria for becoming a statutory auditor | Licensing (based on qualifications / education) | Ministry of Finance | Law on Independent Audit No. 51/NA, dated 22 July 2014 | 31-12-9999 |
Requirement for accountants and chief accountants to refrain from misconduct | Other measures | Ministry of Finance | Amended Accounting Law No. 47/NA, dated 26 December 2013 | 31-12-9999 |
Professional Indemnity Insurance | Administrative Requirements | Ministry of Finance | Law on Independent Audit No. 51/NA, dated 22 July 2014 | 31-12-9999 |