Adding Responsibilities of the Head of Accounting Department of Credit Institutions

20:32, 10/07/2024

This is the key content stipulated in Circular 12/2017/TT-NHNN amending and supplementing Circular 01/2014/TT-NHNN regulating the receipt, preservation, and transportation of cash, valuable assets, and negotiable instruments.

According to Circular 12/2017/TT-NHNN, the Head of the Accounting Department or the equivalent position in credit institutions and foreign bank branches is responsible for managing and overseeing the management, receipt, and storage of the assets in the money vault, with the duties as follows:

- Organizing the accounting of cash, valuable assets, and valuable papers according to accounting-statistical policies;- Managing and keeping the key to one lock of the outer door of the money vault, directly locking and unlocking the vault door to supervise the management, receipt, and storage of the assets in the money vault;- Checking and reconciling figures between accounting books and vault logs to ensure accuracy;- Directly participating in periodic or ad-hoc inventory checks to ensure the actual remaining balance matches the accounting books and vault logs; signing for confirmation of the actual remaining balance on the vault logs, individual asset tracking logs, inventory logs, and warehouse cards;- Guiding and inspecting the opening and recording of books by the treasurer and vault keeper.

More details can be found in Circular 12/2017/TT-NHNN effective from October 16, 2017.

- Thanh Lam -

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

0 lượt xem

- This translation is generated by OpenAI's GPT-4o model;
- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email [email protected]