Can be both director and accountant accounting of a one-member limited liability company? Who is not allowed to be an accountant?

What conditions do accountants need to meet?

According to Article 51 of the 2015 Accounting Law, it is stipulated as follows:

“Article 51. Standards, rights and responsibilities responsibilities of an accountant

1. An accountant must have the following standards:

a) Have professional ethics, honesty, integrity, and a sense of compliance with the law;

b) Have professional qualifications and skills in accounting.

2. Accountants have the right to professional independence Accounting subjects and professions.

3. Accountants are responsible for complying with the provisions of law on accounting, performing assigned tasks and taking responsibility for their expertise and profession. When changing accountants, the old accountant is responsible for handing over accounting work and accounting documents to the new accountant math.”

Accordingly, accountants must have the following standards:

– Have professional ethics, honesty, integrity, and a sense of compliance with the law;

– Have professional qualifications and experience in accounting.

Which people are not allowed to work as accountants?

According to Article 52 of the Accounting Law 2015, the regulations on people who are not allowed to work as accountants are as follows:

– Minors; People who have been declared by the Court to have limited or lost civil act capacity; people who are subject to measures of being sent to compulsory educational establishments or compulsory detoxification establishments.

– People who are banned from practicing accounting under a legally effective court judgment or decision; people being prosecuted for criminal liability; People who are serving a prison sentence or have been convicted of one of the crimes of violating the economic management order or position-related crimes related to finance or accounting but have not had their criminal records erased.

– Biological father, biological mother, adoptive father, adoptive mother, wife, husband, biological children, adopted children, siblings of the legal representative, of the head, of the director, general director and of the deputy of the head, deputy director, deputy general director in charge of finance – accounting, chief accountant in the same accounting unit, except private enterprises, limited liability companies term owned by an individual and other cases prescribed by the Government.

– People who are managers, administrators, storekeepers, treasurers, buyers and sellers of assets in the same accounting unit, except in private enterprises, limited liability companies owned by an individual and other cases prescribed by the Government.

Is it possible to be both a director and an accountant of a one-member limited liability company?

According to Article 13 of the Accounting Law 2015 regulates prohibited acts in accounting activities, specifically:

– Forging, perjury or agreeing, forcing others to forge, perjury, or erase accounting vouchers or other accounting documents.

– Intentionally, agree or force others to provide or confirm false accounting information and data.

– Leave assets and liabilities of the accounting unit or related to the accounting unit outside the accounting books.

– Destroy or intentionally damage accounting documents before the end of the storage period specified in Article 41 of this Law.

– Promulgating and publishing accounting standards and accounting regimes without proper authority.

– Bribing, threatening, harassing or forcing accountants to perform accounting work inconsistent with the provisions of this Law.

– Persons responsible for managing and operating an accounting unit who are also accountants, storekeepers, and treasurers, except for private enterprises and limited liability companies owned by an individual.

– Arranging or hiring accountants or chief accountants who do not meet the standards and conditions specified in Articles 51 and 54 of this Law.

– Rent, borrow, lease, lend accountant certificates, certificates of registration to practice accounting services in any form.

– Establishing two or more financial accounting book systems or providing and publishing financial reports with inconsistent data in the same accounting period.

– Doing business in accounting services without being granted a Certificate of eligibility to do business in accounting services or practicing accounting services when not meeting the conditions prescribed in this Law.

– Use the phrase “accounting services” in the name of the business if it has been more than 6 months from the date of issuance of the Certificate of Business Registration but still has not been granted a Certificate of eligibility to do business in accounting services or the business has stopped doing business in accounting services.

– Hire individuals or organizations that do not meet the qualifications to practice and provide accounting services to provide accounting services for your unit.

– Practicing accountants and accounting service businesses collude and connect with customers to provide and confirm false accounting information and data.

– Other prohibited acts according to the provisions of law on preventing and combating corruption in accounting activities.

In particular, the person responsible for managing and operating the accounting unit is also an accountant, storekeeper, and treasurer, except for private enterprises and limited liability companies owned by an individual. Thus, because your company is a one-member LLC, you are allowed to act as both the director and accountant of the company.