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The city of Da Nang in Vietnam operates under strict accounting and auditing laws, consistent with national regulations. Companies of a certain size, foreign companies, and financial institutions are mandated to have their accounts audited annually. Additionally, Vietnam’s Accounting Law and Auditing Law emphasize the importance of reporting financial activities transparently and accurately to ensure trustworthy transactions for both national and international stakeholders.
Hiring a lawyer specializing in accounting and auditing in Da Nang can be crucial in several situations. If you're starting a business in the city or planning to establish partnerships, an accounting lawyer can guide you in adhering to the complex tax and corporate laws. Lawyers can also represent you during tax disputes or juridical audits. They can assist with paperwork, litigation, and in ensuring the financial reports are conducted properly to enhance business credibility.
Under the Accounting Law in Da Nang, all businesses must maintain their books of accounts in the Vietnamese language. The fiscal year is considered from January 1 to December 31 and all companies must follow the Vietnamese Accounting Standards (VAS) when preparing their financial statements. Furthermore, under Vietnam's Auditing Law, businesses of certain nature or size, as well as newly established foreign businesses, are required to be audited annually by an auditing company in Vietnam.
All businesses in Vietnam, including in Da Nang, must keep their accounting books in Vietnamese. However, companies can also maintain books in another language if necessary.
All companies of a certain size and foreign companies operating in Da Nang are required to be audited annually. These audits should be conducted by a Vietnamese auditing company.
The fiscal year in Vietnam is considered from January 1 to December 31.
Yes, all companies in Da Nang, Vietnam must follow the Vietnamese Accounting Standards (VAS) when preparing their financial statements.
While not mandatory, having a legal representative can significantly help, especially when dealing with complex tax laws, corporate laws, potential disputes, and during litigation processes.
The Vietnamese Ministry of Finance is the governmental body responsible for the country's financial and monetary matters, including accounting and auditing laws. Da Nang's Department of Finance provides city-specific information, and Vietnam's Association of Certified Public Accountants is a credible organization for accountants and auditors.
If you need legal assistance in accounting and auditing, the first step is finding an experienced accounting lawyer in Da Nang. Verify their experience, credibility, and familiarity with local as well as national laws. The lawyer will then guide you through the legal process, ensuring you follow all necessary regulations and standards.
