DECREE NO. 90/2025/ND-CP AMENDING AND SUPPLEMENTING ANUMBER OF ARTICLES OF DECREE NO. 17/2012/ND-CP OF A NUMBER OF ARTICLES OF THE LAW ONINDEPENDENT AUDIT.

Article 1. Amendments and supplements to a number of points and clauses of Article 15 of Decree No.17/2012/ND-CP are as follows:

1. Add Point đ after Point d, Clause 1 as follows:

“đ.Other large-scale enterprises as stipulated in Point đ, Clause 1, Article 37 of the Law on Independent Audit that meet at least two out of the following three criteria: have an average number of employees participating in social insurance of more than 200 people per year; have annual total revenue exceeding VND 300 billion; or have total assets exceeding VND 100 billion.”

2. Add Clause 7 as follows:

“7. Principles for determining the average annual number of employees participating in social insurance, total annual revenue, and total assets of the entities specified at Point đ, Clause 1 of this Article are as follows:

a) The number of employees participating in social insurance includes all employees managed, employed, and paid by the entity, and who are registered for social insurance in accordance with the law on social insurance;

b) The average annual number of employees participating in social insurance is calculated by taking the total number of employees registered for social insurance in each month of the preceding year and dividing by 12 months;

c) The number of employees participating in social insurance each month is determined at the end of the month and based on the payment documents submitted by the enterprise to the social insurance agency for that month;

d) Total annual revenue is determined based on the annual financial statements of the preceding year, prepared in accordance with the law on accounting;

đ) Total assets are determined at the end of the fiscal year based on the annual financial statements of the preceding year, prepared in accordance with the law on accounting.”

3. Add Clause 8 after Clause 7 as follows:

“8. Enterprises subject to Point đ, Clause 1 of this Article that fail to meet the criteria for large-scale enterprises for two consecutive years shall not be required to undergo mandatory audit until they once again meet the prescribed criteria.”

Article 2. Amendment and supplement to Clause 2, Article 16 of Decree No. 17/2012/ND-CP, as follows:

“2. Practicing auditors shall not sign audit reports for the same audited entity for more than five consecutive years.”

Article 3. Effectiveness

This Decree shall take effect from the date of signing.

Article 4. Transitional Provisions

Practicing auditors who have signed audit reports for an audited entity before January 1, 2025 may continue to sign audit reports for that entity in accordance with the provisions of Article 2 of this Decree. Enterprises that meet the criteria specified in Clause 1, Article 1 of this Decree—based on total revenue, total assets stated in the financial statements for the 2024 fiscal year, and the average number of employees participating in social insurance in 2024—shall be subject to mandatory audits for financial statements starting from the 2025 fiscal year onwards.

Article 5. Implementation Responsibility

Ministers, Heads of ministerial-level agencies, Heads of Governmental agencies, and Chairpersons of People's Committees of provinces and centrally-run cities shall be responsible for the implementation of this Decree.

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RSM Hanoi_Decree No 90-2025 ND-CP Amending Decree No 17-2012-ND-CP Guiding the Implementat.

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