REFERENCE FOR SCOPE OF WORK OF VIETNAMESE ACCOUNTING STANDARDS (VAS) DATA CONVERSION

The Vietnamese regulations required the Company to maintain the accounting reports in line with the Vietnamese Accounting Standard (“VAS”), under Vietnamese language. In this regard, we propose the VAS Data conversion service as follows:

• Provide a team to work for this engagement, with strong knowledge in a similar accounting system in multi-national companies;
• Based on the Company’s accounting books and information, VNC will convert the Company’s accounting data to the VAS accounting data;
• Convert the Financial Statements under VAS (Balance Sheet, Income Statement, Trial Balance);
• Do the accounts analysis and reconciliation for the gap if any between the Company’s IFRS reports and the issued VAS reports, and give comments;
• Provide the professional Findings, Notes, Advice and Recommendation on the reports to the Company if any;
• Work completely on the Company’s provided data. Just report, comment and not affect or perform any adjustment in the Company’s accounting records.

* * Notice: The scope of work does not include the creation of the VAS accounting books forms (for statutory printing purpose) of the Company (for example, the General Journal, the General Ledger…)