Accountants Act
(CHAPTER 2A)

(Original Enactment: Act 26 of 1987)

REVISED EDITION 1999
(1st August 1999)
An Act to provide for the establishment of the Public Accountants Board and the Institute of Certified Public Accountants of Singapore and for purposes connected therewith.
[11th February 1989]
PART I
PRELIMINARY
Short title
1.  This Act may be cited as the Accountants Act.
Interpretation
2.  In this Act, unless the context otherwise requires —
“Board” means the Public Accountants Board established under section 3;
“certified public accountant” means a person who is for the time being a member of the Institute;
“Chairman” means the Chairman of the Board;
“costs and expenses”, in relation to any proceedings under Part IV, includes —
(a)the costs and expenses of any assessor and advocate and solicitor appointed by the Board for proceedings before an Inquiry Committee;
(b)such reasonable expenses as the Board may pay to witnesses; and
(c)such reasonable expenses as are necessary for or incidental to the institution and conduct of proceedings before the Inquiry Committee;
“Council” means the Council of the Institute established under section 29;
“Disciplinary Committee” means the Disciplinary Committee appointed under the repealed Accountants Act (Cap. 2, 1985 Ed.);
“Inquiry Committee” means an Inquiry Committee appointed by the Board under section 19(1);
“Institute” means the Institute of Certified Public Accountants of Singapore;
“Investigation Committee” means the Investigation Committee appointed under the repealed Accountants Act (Cap. 2, 1985 Ed.);
“lay person”, in relation to an Inquiry Committee, means an architect, banker, advocate and solicitor, company director, insurer, professional engineer, medical practitioner or a person who possesses such other qualifications as may be approved by the Board;
“public accountant” means a person who is registered or deemed to be registered in accordance with this Act as a public accountant;
“Registrar” means the Registrar of the Board appointed under section 11(1);
“repealed Accountants Act” means the Accountants Act in force immediately before 11th February 1989;
“Society” means the Singapore Society of Accountants established under the repealed Accountants Act (Cap. 2, 1985 Ed.).
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