Guidance on criteria for determining whether an audited entity is a large-scale enterprise

Decree No. 90/2025/ND-CP supplements guidance on criteria for determining audited entities as large-scale enterprises as prescribed in Point d, Clause 1, Article 37 of the Law on Independent Auditing.

Specifically, Decree No. 90/2025/ND-CP adds point d after point d, Clause 1, Article 15 of Decree No. 17/2012/ND-CP stipulating that audited units include: Other large-scale enterprises as prescribed in Point d, Clause 1, Article 37 of the Law on Independent Auditing that satisfy at least 2 of the following 3 criteria: Having an average number of employees participating in social insurance of 200 or more per year, having a total revenue of 300 billion VND or more per year, and having total assets of 100 billion VND or more.

Decree No. 90/2025/ND-CP provides specific guidance on the principles for determining the average number of employees participating in social insurance per year, total revenue of the year, and total assets of units:

a) The number of employees participating in social insurance is the total number of employees managed, employed and paid salaries and wages by the unit participating in social insurance according to the law on social insurance;

b) The average number of employees participating in social insurance per year is calculated by dividing the total number of employees participating in social insurance in all months of the previous year by 12 months;

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

d) Total revenue of the year is determined on the financial statement of the previous year prepared by the unit in accordance with the provisions of the law on accounting;

d) Total assets are determined at the end of the fiscal year on the annual financial statements of the previous year prepared by the unit in accordance with the provisions of the law on accounting.

The Decree also clearly states: Large-scale enterprises subject to the above-mentioned audits, if they do not satisfy the criteria for determining large-scale enterprises for two consecutive years, will not have to conduct mandatory audits until they continue to satisfy the prescribed criteria.

The Decree takes effect from April 14, 2025.

Source: https://phunuvietnam.vn/huong-dan-tieu-chi-xac-dinh-don-vi-duoc-kiem-toan-la-doanh-nghiep-co-quy-mo-lon-20250414222033394.htm