Some solutions to improve the law on accounting to improve the efficiency of current accounting work

Law No. 88/2015/QH13 dated November 20, 2015, on accounting has been in effect since 2017, and it has general accounting principles and practices that adapt to the conditions and circumstances of Vietnam's economy. The law is the basis for completing the legal accounting framework and meeting international standards. It also builds the foundation for organizations to prepare national and local financial reports and deploy internal auditing at businesses, state agencies, and public service units. In addition, the law supports small and micro enterprises in implementing appropriate and effective accounting practices. This paper analyzed some practical issues arising from the implementation of the 2015 Law on Accounting. Based on the paper's findings, some solutions were proposed to improve the practical application of the law.