Inventory of Business Licenses

Accounting-Auditing firm and Auditor who wish to provide accounting-auditing services in the field of securities. 

1.Obtaining the Accounting or Audit Licenses from the Ministry of Finance and in case of the Audit License for Securities, that enterprise shall be established and operating in Lao PDR for at least 3 years before the application submission or in case of the merger, the merger shall be completed at least 6 months;
2.Having at least 2 managements that has the certificate to be the Accounting or Audit from Ministry of Finance;
3.Having at least 5 accounting / audit technical staffs; provided that at least 2 staffs shall have the certificate of audit / accounting from the Ministry of Finance and endorsed by LSCO;
4. Having good knowledge and expertise on international accounting / audit standard and international standard of financial reporting;
5. Being a member of the Account and Independent Audit Certified Federation of Lao PDR; 
6. Having good financial status; provided that for the Audit Company, it is required to have at least 1 Billion LAK registered capital at the minimum;
7. Having minimum registered capital of at least 1 billion kip
8. Having a detailed business plan for the next 3 years after submission of the application; 
9. Having good reputation and being acknowledged by the public about their business and the provisions of the accounting / audit services; 
10. Having insurance, in particular, the occupational insurance for the Audit Company. 

Any enterprise shall only be entitled to provide service to one specific targeted group for the maximum period of 5 years and will only be entitled to provide the service to the same group after passing at least 3 years after the end of the initial service.