Announcement on the 2017 Vietnam CPA and CA conversion exam

Es-Glocal Auditing Company Limited is pleased to share with you the regulations on the 2017 Vietnam CPA and CA conversion exam for foreign accountant certificate holders and foreign auditor certificate holders as below:

Announcement on 2017 Vietnam CPA and CA conversion exam

1. Criteria for application

The conversion exam applies for ACCA, CPA Australia, ICAEW chartered holders, and those with accountant certificates or auditor certificates granted by foreign professional bodies admitted by Vietnam Ministry of Finance (MOF), who desire to apply for Vietnam Auditor and Vietnam Accountant certificates.

If the accountant certificates or auditor certificates mentioned in the preceding paragraph is not granted by profession bodies but authorised governmental agencies, the candidates must be official members of a professional body in accounting and auditing and:

• That professional body must be a member of International Federation of Accountants (IFAC); and
• The exam syllabus of such accountant and auditor certificate must be of equal or higher level of difficulty in comparison with the exam content of Vietnam CA and CPA exams.

2. Exam syllabus

• CPA conversion exam covers the following papers:

(1) Economics laws and Corporate law;

(2) Finance and financial management;

(3) Tax and tax administration;

(4) Financial accounting, Management accounting; and

(5) Audit and assurances.

• CA conversion exam covers the following papers:

(1) Economics laws and Corporate law;

(2) Finance and financial management;

(3) Tax and tax administration; and

(4) Financial accounting, Management accounting;

Candidate who passed the coordinated exams (covering two papers: Vietnam Law and Vietnam Taxation) between Vietnam MOF and ACCA enjoy exemption for Paper (1) Economics laws and Corporate law and Paper (3) Tax and tax administration.

3. Language used in the exam: Vietnamese

4. Duration of the exam

The durations for a 5-paper exam, 4-paper exam and 3-paper exam are 180 minutes, 145 minutes and 110 minutes, respectively.

5. Application dossiers

a. Application form certified by the current employer;

b. Photocopied and anthenticized Vietnamese translation copy of foreign accountant or auditor certificates;

c. Proofs of the candidates being official member of foreign professional bodies and its authenticized Vietnamese translation copy, if applicable.

d. 02 recent portrait photos and two stamped envelops with information of sender and recipient:

- Sender: "Hội đồng thi kiểm toán viên, kế toán viên năm 2017 (Vụ Chế độ kế toán và kiểm toán, Bộ Tài chính), số 28 Trần Hưng Đạo, Hoàn Kiếm, Hà Nội."

- Recipient: Full name and adress of the recipient

e. CV of candidates certified by the current employers or the People's Committee of the residential place.

g. (i) Proofs of the professional bodies that grant accountant and auditor certificates to candidates being member of IFAC and (ii) representation document on the exam syllabus of accountant and auditor certificates granted by the professional bodies (except for candidates being ACCA, CPA Australia and ICAEW chartered holders)

h. Candidates who passed the coordinated exams (covering two papers: Vietnam Law and Vietnam Taxation) between Vietnam MOF and ACCA must include in the application dossiers certificates granted by ACCA for passing the two papers in the coordinated exam.

j. Exam entrance ticket with Full name, Date of birth, Place of birth or Nationality, ID or passport number and date, Current employer) with candidates' signature and portrait photo.

6. Application dossiers template

Application dossiers template is available on the websites of Vietnam MOF (http://www.mof.gov.vn/), The Vietnam Association of Certified Practicing Auditors (VACPA) (http://www.vacpa.gov.vn/) and The Vietnam Association of Accountants and Auditors (VAA) (http://www.hoiketoankiemtoan.vn/)

7. Place of submission of application dossiers

• In Hanoi: VACPA office - 3rd Floor, Project Building (Tòa nhà Dự án) - No. 4 Hang Chuoi Street - Hanoi; Tel: 024.39724334.
• In Hochiminh City: VACPA Southern office - Room 23, Floor 1, MOF office - 138 Nguyen Thi Minh Khai - Dist. 3 - HCMC; Tel: 028.39306435.

8. Tentative exam schedule, deadline for application and exam fee

• Tentative exam date: From 22/12/2017 to 27/12/2017
• Tentative exam place:

- In the North: Hanoi City;

- In the South: Hochiminh City.

• Deadline for application: Application is accepted from 25/10/2017 until 15/11/2017.
• Exam fee: VND2,000,000/candidate