Accountants Act - Singapore Statutes Online

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3 Establishment of Public Accountants Board

4 Constitution of Board

5 Functions of Board

8 Bank accounts and application of revenue

10 Register of Public Accountants

11 Appointment and duties of Registrar

12 Qualifications for registration

13 Application for registration

14 Appeal against refusal to register

15 Certificates of registration

16 Notification of changes in particulars in Register of Public Accountants

17 Persons deemed to be registered under this Act

18 Public accountants to be members of Institute

19 Appointment of Inquiry Committee

20 Applications and complaints

21 Suspension or cancellation of registration

22 Appeal against suspension or cancellation of registration

23 Removal from Register of Public Accountants

25 Society to continue to exist

26 Members of Institute

27 Functions of Institute

28 General powers of Institute

30 Tenure of office of members of Council

31 Failure of members to elect

32 Vacation of office of member

34 Council may act notwithstanding vacancies

35 General powers of Council

36 Specific powers of Council

37 Institute may accept gifts

38 Meetings of Council

39 Expenses of members of Council

40 Fees payable by members of Institute

41 Annual general meeting of Institute

42 General meetings of Institute

43 Notice of general meetings of Institute

44 Quorum at general meetings of Institute

45 Chairman of general meetings of Institute

47 Council may make rules

48 Holding out as public accountant

49 No remuneration recoverable in respect of appointment as public accountant except by public accountant

51 Penalty for certain offences

52 Acts by body corporate or firm implying public accountancy qualification

53 Fraudulent practices in relation to registration

54 Holding out as certified public accountant

55 Restrictions on employing disqualified persons

56 Recovery of money by Board

57 Composition of offences

59 Continuation and completion of disciplinary proceedings against public accountants

60 Misconduct or neglect of duty by public accountants prior to 11th Febuary 1989

61 Continuation and completion of disciplinary proceedings against registered accountants and provisional members of Society

62 Misconduct or neglect of duty by registered accountants or provisional members of Society prior to 11th Febuary 1989

63 No action in absence of bad faith

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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