I. Audit Firm

   Conditions for an approval of Audit Firm

   Application Documents for an approval of Audit Firm

1.   1. An application pursuant to the form of the Lao Securities Commission (LSC);
2.   2. A copy of an enterprise registration certificate;
3.   3. A copy of a tax identification certificate;
4.   4. By-laws of the company;
5.   5. A copy of membership certificate of Chamber of Professional Accountants and Auditors;
6.   6. Report on business operation and financial statements audited by an audit firm for the past
7.      three years prior to the date of application submission, exemption for new established audit
8.      firm. Financial statements shall be complete and accurate as stipulated in the Law on
9.      Accounting
10.   7. Numbers and names of auditors together with their curriculum vitae and auditing experiences.


11.      In addition, there shall be additional supporting documents as stipulated in The Regulation on Accounting and Auditing on Securities activities No. 001/LSC, dated 07 April 2015 ( article 18 ) as the following:


12.   1. A copy of a certified public accountant certificate or statutory auditor license of the audit
13.      firm’s board of director from the Ministry of Finance;
14.   2. A copy of insurance agreement together with a professional indemnity insurance policy;
15.   3. A business plan at least for the first three years after the approval;
16.   4. Other documents as stipulated by the Lao Securities Commission (LSC).