Accountants Act 2004
Table of Contents
Long Title
Part 1 PRELIMINARY
1 Short title
2 Interpretation
Part 2 ADMINISTRATION OF ACT
3 Administration of Act
4 Appointment of Public Accountants Oversight Committee
5 Functions and powers of Oversight Committee
6 Appointment of sub-committees by Oversight Committee
7 Appointment and duties of Registrar
8 Registers
9 Certificate of Registrar
Part 3 REGISTRATION OF PUBLIC ACCOUNTANTS
10 Qualifications for registration
11 Application for registration
12 Certificate of registration and record in Register of Public Accountants
12A Electronic transaction system
12B Request for copy of filed documents
12C Alternate address
13 Renewal of registration
14 Duty to report change in particulars
15 Removal from Register of Public Accountants
16 Publication of list of public accountants
Part 4 ACCOUNTING CORPORATIONS, ACCOUNTING FIRMS AND ACCOUNTING LLPs
17 Approval of accounting corporations
18 Approval of accounting firms
18A Approval of accounting LLPs
19 Name of accounting corporation, accounting firm or accounting LLP
20 Right of appeal against decision of Oversight Committee
21 Notification of approval and record in Register
22 Duty to report change in particulars
23 Effect of company becoming accounting corporation
23A Effect of becoming accounting LLP
24 Relationship between client and accounting corporation or accounting LLP
25 Professional misconduct
26 Requirements relating to memorandum and articles of association, and annual reports, of accounting corporations
27 Shares of accounting corporation
28 Professional indemnity insurance
29 Management of accounting corporation
30 Application of Companies Act 1967 and other written laws to accounting corporations
30A Application of Limited Liability Partnerships Act 2005 and other written laws to accounting LLPs
31 Removal from Register of Public Accounting Corporations, Register of Public Accounting Firms or Register of Public Accounting Limited Liability Partnerships
Part 5 PRACTICE MONITORING PROGRAMME
32 Interpretation of this Part
33 Practice monitoring programme for public accountants
34 Appointment of Practice Monitoring Sub-committee
35 Appointment of reviewers
36 Practice reviews
37 Reviewer to submit report
38 Consequences of failure to pass practice review
Part 6 DISCIPLINARY PROCEEDINGS
39 Appointment of Complaints and Disciplinary Panel
40 Complaints against public accountants, accounting corporations, accounting firms and accounting LLPs
41 Review of complaint
42 Power to proceed with complaint despite complainant’s withdrawal
43 Conviction final and conclusive
44 Constitution of Complaints Committee
45 Proceedings of Complaints Committee
46 Powers of Complaints Committee
47 Findings of Complaints Committee
48 Decision of Oversight Committee
49 Constitution of Disciplinary Committee
50 Notice of formal inquiry
51 Procedure of Disciplinary Committee
52 Cancellation of registration, suspension, etc., of public accountants
53 Revocation of approval, etc., of accounting corporations, accounting firms and accounting LLPs
54 Appeal against disciplinary orders of Oversight Committee
Part 7 MISCELLANEOUS
55 Reinstatement to Register
56 Holding out as public accountant, accounting corporation, accounting firm or accounting LLP
57 Remuneration for services rendered
58 Fraudulent practices in relation to registration
59 Restrictions on employing disqualified persons
60 Offences committed by bodies corporate, etc.
61 Jurisdiction of District Court
62 Composition of offences
63 Protection from personal liability
64 Rules
64A Service of documents on public accountant
Part 8 SAVING AND TRANSITIONAL PROVISIONS
65 Saving for repealed Accountants Act
66 Saving and transitional provisions for public accountants, accounting corporations and accounting firms
67 Saving for other written laws
68 Transitional provisions relating to Institute of Certified Public Accountants of Singapore
Legislative History
Abbreviations
Comparative Table