Accountants (Public Accountants) Rules - Singapore Statutes Online

Accountants Act

(CHAPTER 2, Section 64)

Accountants
(Public Accountants)
Rules

R 1

G.N. No. S 164/2004

REVISED EDITION 2006

(30th November 2006)

[1st April 2004]

PART I

PRELIMINARY

Citation

1. These Rules may be cited as the Accountants (Public Accountants) Rules.

Definitions

2. In these Rules, unless the context otherwise requires —

“accounting entity” means an accounting corporation, an accounting firm or an accounting LLP;

“approved principal” means a public accountant who —

(a)	has at least 5 years’ post-qualifying experience in public practice or in any other organisation recognised by the Oversight Committee; and
(b)	undertakes the supervision of pupils in accordance with the Second Schedule,

and includes —

(i)	the Commissioner of Inland Revenue or any senior officer designated by him, in relation to structured practical experience in taxation;
(ii)	the Accountant-General or any senior officer designated by him, in relation to structured practical experience in accounting; and
(iii)	the Auditor-General or any senior officer designated by him, in relation to structured practical experience in auditing;

“public practice” means practice as a public accountant in the capacity of a sole proprietor, a partner in an accounting firm or a corporate practitioner in an accounting corporation or an accounting LLP;

“pupil” means a person who is under the supervision of an approved principal for the purpose of acquiring structured practical experience;

“Register” means the Register of Public Accountants;

“structured practical experience” means structured practical experience under an approved principal in the Accounting Service, the Auditing Service, the Inland Revenue Service, in a public accountant’s office or in any other organisation recognised by the Oversight Committee.

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