Decision on Licensing of Accounting Enterprises, Audit Enterprises, and Statutory Auditors (Ministry of Finance)
关于许可经营会计企业、审计企业及法定审计师的决定（财政部）
ຂໍ້ຕົກລົງ ວ່າດ້ວຍ ການອະນຸຍາດດຳເນີນວິສາຫະກິດບັນຊີ, ວິສາຫະກິດກວດສອບ ແລະ ນັກກວດສອບຕາມກົດໝາຍ
Summary
This decision of the Ministry of Finance stipulates principles, conditions, procedures, and management measures for licensing, supervision, suspension, revocation, and fees for accounting enterprises, auditing enterprises, and statutory auditors. This decision takes effect fifteen days after signing and publication in the Government Gazette, and replaces the temporary guideline No. 007/Finance-Accounting Audit dated January 3, 2014.
Articles
Article 1
Purpose. This Decision stipulates the principles, regulations, conditions, and measures regarding the licensing of accounting enterprises, auditing enterprises, and the appointment of statutory auditors, in order to ensure that the management, support, monitoring, and inspection of accounting and auditing service activities within the Lao People’s Democratic Republic are conducted accurately, transparently, effectively, and uniformly nationwide.
Article 2
Accounting Enterprise Operations. Accounting enterprise operations refer to business activities that provide accounting professional services and other related services to natural persons, legal entities, and organizations in accordance with the provisions of the Law on Independent Audit, so as to ensure the accuracy of accounting work, in compliance with laws, regulations, and financial reporting standards promulgated and in effect in each period.
Article 3
Auditing Business Operations. Auditing business operations refers to the business activities of providing accounting, auditing professional services, and other related services to natural persons, legal persons, and organizations in accordance with the provisions of the Independent Audit Law, in order to ensure the accurate execution of accounting work and other related work, in compliance with the laws and regulations promulgated and implemented in each period, auditing professional standards, and financial reporting standards.
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