The National Assembly Standing Committee has given opinions on the draft Law amending and supplementing a number of articles of the Accounting Law and the Law on Independent Auditing.
According to the Government's report, this amendment and supplement aims to promote the reduction and simplification of administrative procedures, business conditions, reduce compliance costs, contributing to creating favorable conditions for people and businesses.
At the same time, remove bottlenecks caused by mechanisms and legal regulations; ensure stability and long-termness, synchronization and unity in the legal system. Meeting the requirements of socio-economic development in the new situation.
Regarding the draft Law on Independent Audit, the Government's submission clearly states that the content of reducing business conditions and simplifying administrative procedures is in accordance with Decision No. 1848/QD-TTg dated August 27, 2025 on approving the plan to cut and simplify administrative procedures related to production and business activities under the management of the Ministry of Finance and Resolution No. 66. 7.
The draft also abolishes the condition "Having a Business Registration Certificate, Business Registration Certificate or Investment Certificate as prescribed by law" when issuing a Certificate of Eligibility for auditing service business.
Abolishing the two components of the dossier "Copies of Business Registration Certificate, Business Registration Certificate or Investment Certificate" and "Copies of Auditing Practice Registration Certificate of practicing auditors" when issuing Certificates of Eligibility for Auditing Service Business in Clause 2, Clause 3, Article 22 of the Law on Independent Auditing.
In addition, the draft also amends and supplements Clause 1, Article 23 of the Law on Independent Auditing. Accordingly, 50% of the time to resolve administrative procedures for issuing Certificates of eligibility for auditing service business is reduced from 30 days to 15 working days.
Amending and supplementing Clause 3, Article 24 of the Law on Independent Auditing. Cutting 50% of the time to resolve administrative procedures for re-issuance, adjusting the Certificate of eligibility for auditing service business from 20 days to 10 working days.
Member of the Party Central Committee, Vice Chairman of the National Assembly, Senior Lieutenant General Nguyen Doan Anh agreed with the plan to use data instead of paper documents and shorten the time limit for issuing certificates of eligibility for auditing service business from 30 days to 15 working days; and from 20 days to 10 working days for re-issuance or adjustment.
This person proposed to unify the time limit calculation method and clarify how many days businesses will actually reduce and the cost of complying with administrative procedures. In addition, the draft Law needs to clearly design a coordination mechanism for management and responsibility for cross-border services.
