Annual Auditing Enterprise Monitoring Certificate
ໃບຕິດຕາມການດໍາເນີນວິສາຫະກິດກວດສອບ ປະຈໍາປີ
| General information | ||
|---|---|---|
| Type of formality | Other | |
| Date of last modification | 29.12.2017 | |
| Responsible Authorities | Accounting Department
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| LSIC | M - Professional, scientific and technical activities | |
| Who should complete this business formality? |
Any licensed auditing enterprise |
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| Qualifications needed by the business to get the formality | ||
| Additional Comment |
The accounting enterprises and auditing enterprises shall report their operations to the Ministry of Finance on a regular basis within 90 days after the end of the fiscal year, the report shall include these following main documents: 1. The results of the annual activities, the organizational structure, the proportion of its technical staff, and the implementation of obligations as specified in Clause 6, Article 50 of the law on independent audits. 2. Annual financial statements 3. Professional compensation insurance 4. Upgrading vocational education for employees in their enterprises 5. Transparency report In the case of not renewing the annual auditing enterprise monitoring certificate after receiving a warning, it shall be fined for 5 million LAK. |
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| LEGAL FRAMEWORK | ||||
|---|---|---|---|---|
| Name | Number | Date | Comment | |
| Law on Independent Audit | 51/NA | 22.07.2014 | Part VII, Article 63 | |
| Presidential Ordinance on Fees and Service Fees | 003/PO | 26.12.2012 | Article 9 | |
| REQUIRED DOCUMENTS FORMALITIES - First time | ||||
|---|---|---|---|---|
| Name | Comment | |||
| Transparent reports | ||||
| Professional Damage Insurance | if any |
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| Enterprise Registration Certificate | ||||
| Request Letter | ||||
| Business Operating License | copy |
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| Confirmation of Operate Auditing Enterprise (in the previous year) | copy |
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| Certificate of Annual Tax Payment | ||||
| Certificate of Annual Fee Payment to the Lao Chamber of Professional Accountants and Auditors | ||||
| Annual Report | of the Auditing Enterprise, AFAR |
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| Annual Finacial Report Documents | - Balance Sheets - Performance Report - Financial Statement (Assets and Debts) - Annex of Financial Report - Table of Decreasiation - Table of Tax Payment Report |
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| Attached Documents 1, 2, 3, 4, 5, 6 | contact the Accounting Department for more details |
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| REQUIRED DOCUMENTS FORMALITIES - Renew | ||||
|---|---|---|---|---|
| Name | Comment | |||
| Mean of presentation | ||
|---|---|---|
| Means of presentation | At the Authority Offices | |
| Address of authority | Accounting Department, Ministry of Finance | |
| Processing Time (Day(s)) | 0 | If the required documents are complete according to the prescribed form, the Accounting Department of the Ministry of Finance shall consider it immediately, which is not defined in any law. |
| RENEWAL INFORMATION | ||
|---|---|---|
| Does the formality have a validity or an expiration date? | YES | |
| How long will the formality be valid for? (in months) | 12 | |
| What is the process and conditions to renew the formality? | The certificate is valid from January 1 to December 31. The law does not define it, but the note of the license to operate an auditing enterprise specified that the renewal of the license requires the annual auditing enterprise monitoring certificate. | |
| ISSUING FEES | ||||
|---|---|---|---|---|
| Has application fees? | Service fees | Certificate fees | Application fees | Total fees |
| YES | 100000.00 | 0.00 | 0.00 | 100000.00 |
| Comments |
Refer to the Ordinance No 003/PO, dated 26 December 2012 on the Fees and Service Charges, Article 9 |
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| RENEWAL FEES | ||||
|---|---|---|---|---|
| Has renewal fees? | Service fees | Certificate fees | Renewal fees | Total renewal fees |
| NO | 0.00 | 0.00 | 0.00 | 0.00 |
| Comments | ||||
