Accountants Act

(Original Enactment: Act 26 of 1987)

(30th April 1988)
An Act to provide for the establishment of the Public Accountants Board and for purposes connected therewith and to repeal and re-enact with amendments the Accountants Act (Chapter 2 of the 1985 Revised Edition).
[                      1988]
Short title
1.  This Act may be cited as the Accountants Act.
[Deleted by S 85/92]
2.  In this Act, unless the context otherwise requires —
“appointed day” means the date of commencement of this Act;
“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;
[48/98 wef 01/01/1999]
“Council” means the Council of the Institute established under section 29;
“Disciplinary Committee” means the Disciplinary Committee appointed under the repealed Accountants Act [1985 Ed. Cap. 2.];
“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“Investigation Committee” means the Investigation Committee appointed under the repealed Accountants Act [1985 Ed. Cap. 2.] ;
“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“repealed Accountants Act” means the Accountants Act in force immediately before the appointed day;
“Society” means the Singapore Society of Accountants established under the repealed Accountants Act.