Licenses library · 306
Accounting and Auditing Firm License
会计审计事务所经营许可证
ໃບຮັບຮອງເອົາວິສາຫະກິດບັນຊີ ແລະ ວິສາຫະກິດກວດສອບ
Accounting-Auditing firm and Auditor who wish to provide accounting-auditing services in the field of securities. Apply at Lao Securities Commission Office (021 217770;).
Who needs this
Accounting-Auditing firm and Auditor who wish to provide accounting-auditing services in the field of securities.
Requirements
- Having good knowledge and expertise on international accounting / audit standard and international standard of financial reporting
- Being a member of the Account and Independent Audit Certified Federation of Lao PDR
- 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
- Having minimum registered capital of at least 1 billion kip
- Having a detailed business plan for the next 3 years after submission of the application
- Having good reputation and being acknowledged by the public about their business and the provisions of the accounting / audit services
- Having insurance, in particular, the occupational insurance for the Audit Company.
Documents — first application
| Document | Note |
|---|---|
| Address Certification | of the director and auditors |
| Business Activities Report | and financial report of 1 year before submitting the application to the LSCO (except for new enterprise that the documents on financial reports have to be complete and accurate in accordance with the Law on Accounting) |
| License to Operate Auditing Enterprise | from the Ministry of Finance |
| Company's Regulations | |
| Application Form | as defined by the LSCO |
| Certificate for Enterprise Registration of Company Limited | |
| Certificate of Tax Registration ID | |
| Confirmation as the member of Lao Accounting Federation | |
| Evidence of being Authorised Accountant | |
| Business Plan | for the next 3 years (in details) |
| Court's Confirmation | issued within 3 months to verify that the applicant does not have any criminal records related to finance-auditing pending at the People's Court |
| Court Clearence | issued within 3 months |
| List of employees | of the technical staff on finance-auditing who have Certificate of Financial Practice from the Ministry of Finance, attach with CV and experiences |
Legal framework
- Regulation on Securities Accounting and Audit Company
- Law on Securities
How to submit
- Means of presentation
- At the Authority Offices
- Address of authority
- Lao Securities Commission Office, Bank of Lao PDR
- Processing time
- 45
Validity and renewal
- Has an expiry date
- YES
- Validity
- 36 months
- Renewal process
- The Enterprise shall submit the renewal application at least 45 days prior to the expiry date.
Additional comment
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.