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Decree 41/2018/ND-CP: Penalties for administrative violations in the fields of accounting in Vietnam

08:52, 11/07/2024

Decree 41/2018/ND-CP officially came into effect on May 1, 2018, stipulating the levels of Decree 41/2018/ND-CP: Penalties for administrative violations in the fields of accounting and independent auditing in Vietnam. There is a list some common violations that accountants often encounter, such as:

>> Download 63 COMMON ACCOUNTING ERRORS

No	Violation	Penalty (VND)
	ACCOUNTING DOCUMENTS
1.	Incorrect application of regulations on language, numerals, and currency units in accounting	10 – 20 million
2.	Erasing and altering accounting documents	3 – 5 million
3.	Signing documents with red ink, fading ink, or pre-made signature stamps	3 – 5 million
4.	Signing with a signature that does not match the registered sample signature	5 – 10 million
5.	Not translating foreign language accounting documents into Vietnamese	5 – 10 million
6.	Lack of all required signatures on the documents	5 – 10 million
7.	Damaging or losing accounting documents currently in use	5 – 10 million
8.	Forging or falsifying accounting documents	20 – 30 million
9.	Failing to create accounting documents upon the occurrence of economic or financial transactions	20 – 30 million
10.	Multiple copies of accounting documents containing inconsistent information for a single economic or financial transaction	20 – 30 million
11.	Disbursing funds without complete authorization signatures on the documents	20 – 30 million
	ACCOUNTING BOOKS
12.	Adding entries between lines, overwriting, or not crossing out unused pages in the accounting books	1 – 2 million
13.	Not summing up data at the end of pages or not carrying over total data to the next page	1 – 2 million
14.	Not binding separate books for each accounting period (except for electronic books)	1 – 2 million
15.	Incomplete basic contents in the accounting book template	1 – 2 million
16.	Prematurely discarding or intentionally damaging accounting books	20 – 30 million
	ACCOUNTING ACCOUNTS
17.	Incorrect accounting of the content as per the established accounting account	5 – 10 million
18.	Failing to follow the accounting system issued by the Ministry of Finance	10 – 20 million
	FINANCIAL STATEMENTS
19.	Incomplete content or incorrect form in financial statements	5 – 10 million
20.	Financial statements lacking signatures of the preparer, chief accountant, accounting manager, etc.	5 – 10 million
21.	Using a financial report form different from the regulated accounting standards and policies	10 – 20 million
22.	Incomplete preparation of required financial reports	10 – 20 million
23.	Submitting financial reports without attaching audit reports	10 – 20 million
24.	Forgery of financial reports or falsification of data on financial reports	40 – 50 million
25.	Late submission or disclosure of financial reports less than 03 months after the deadline	5 – 10 million
26.	Late submission or disclosure of financial reports 03 months or more after the deadline	10 – 20 million
	ACCOUNTING DOCUMENTS
27.	Copied accounting documents lacking full signatures and seals from relevant organizations or individuals	3 – 5 million
28.	Unsafe storage of accounting documents, causing damage or loss during the preservation period	5 – 10 million
29.	Failure to inventory, categorize, or restore lost or damaged accounting documents	5 – 10 million
30.	Discarding accounting documents before the end of the preservation period	10 – 20 million
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- 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;
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