Accountants Act 2004(No. 4 of 2004)
Table of Contents
Long Title
Enacting Formula
Part I PRELIMINARY
1 Short title and commencement
2 Interpretation
Part II 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 III REGISTRATION OF PUBLIC ACCOUNTANTS
10 Qualifications for registration
11 Application for registration
12 Certificate of registration and record in Register of Public Accountants
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 IV ACCOUNTING CORPORATIONS AND ACCOUNTING FIRMS
17 Approval of accounting corporations
18 Approval of accounting firms
19 Name of accounting corporation or accounting firm
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
24 Relationship between accounting corporation and client
25 Professional misconduct
26 Requirements as to alteration of memorandum or articles of association
27 Shares of accounting corporation
28 Professional indemnity insurance
29 Management of accounting corporation
30 Application of Companies Act and other written laws to accounting corporations
31 Removal from Register of Public Accounting Corporations or Register of Public Accounting Firms
Part V 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 VI DISCIPLINARY PROCEEDINGS
39 Appointment of Complaints and Disciplinary Panel
40 Complaints against public accountants, accounting corporations and accounting firms
41 Review of complaint
42 Power to proceed with complaint notwithstanding 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 Suspension, cancellation of registration, etc., of public accountants
53 Revocation of approval, etc., of accounting corporations and accounting firms
54 Appeal against disciplinary orders of Oversight Committee
Part VII miscellaneous
55 Reinstatement to Register
56 Holding out as public accountant, accounting corporation or accounting firm
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
Part VIII REPEAL, SAVINGS AND TRANSITIONAL PROVISIONS
65 Repeal
66 Savings and transitional provisions for public accountants, accounting corporations and accounting firms
67 Pending disciplinary proceedings
68 Professional misconduct committed before appointed day
69 Consequential amendments to other written laws
70 Transitional provisions relating to Institute of Certified Public Accountants of Singapore