Association members
From its inception, VACPA's activities have received attention and guidance from the Ministry of Finance, as evidenced by the assignment and authorization of the Association to carry out a number of professional and professional management tasks. One of the important decisions made in 2005 was Decision No. 47/2005/QD-BTC dated July 14, 2005, transferring some aspects of auditing practice management to VACPA. In 2007, the Ministry of Finance issued Decision No. 32/2007/QD-BTC promulgating regulations on quality control of auditing services and assigning the Association to directly inspect auditing firms. Notably, since 2008, VACPA has been authorized by the Ministry of Finance to research, draft, and update the Vietnamese Auditing Standards System in Decision No. 1053/QD-BTC dated May 13, 2008. The Association's scope of professional activities is also outlined in Article 12 of the Law on Independent Auditing and Article 4 of Decree No. 17/2012/ND-CP, affirming the Association's position in the overall development of Vietnam's independent auditing sector.
The Vietnamese tax system underwent comprehensive reforms starting in 1990. Over 17 years of implementation, the tax policy system has been revised and supplemented to suit the development of the economy and to align with tax systems in the region and around the world. Tax revenue has steadily increased, becoming the most important component of total state budget revenue. In recent years, the tax administration system has been studied and transformed from a mechanism where the tax authority calculates and issues tax notices to a mechanism where taxpayers self-declare, self-calculate, and pay taxes. This new tax management approach requires taxpayers to understand tax policies and regulations and to voluntarily declare and pay taxes.
Actively participate with the State in economic and financial policies, and in the promulgation of accounting and auditing regulations, methods, and principles. Proactively manage and participate in the inspection and evaluation of the quality of auditing and accounting consulting activities of independent auditing firms, organizations, and individuals providing accounting services. Proactively organize accounting seminars and conferences, or through the activities of the Chief Accountants Club, to facilitate and create opportunities for members and member organizations to participate in social critique of State policies and laws.
Representing young Vietnamese entrepreneurs in Ho Chi Minh City within the Ho Chi Minh City Youth Union, the aim is to protect the legitimate and legal interests of its members before the law and public opinion.