DISCIPLINE AND PROFESSIONAL CONDUCT
—(1) A member or student shall be liable to disciplinary action in any of the following cases:
if it is alleged that he is guilty of misconduct;
if it is alleged that he has performed his professional work or the duties of his employment or conducted his practice inefficiently or incompetently in such a manner as to bring discredit to himself, the Institute or the accountancy profession;
if he has been found guilty in any disciplinary proceedings instituted against him by the Board;
if it is alleged that he has contravened or failed to comply with any of the Rules or the Code of Professional Conduct and Ethics; or
if he has failed to satisfy a judgment debt or has, individually or as a partner, made an assignment for the benefit of creditors or has, under any resolution of creditors or order of the court or any deed or document, had his estate placed in liquidation for the benefit of creditors or has made any arrangement for the payment of a composition to creditors.
(2) For the purpose of paragraph (1)(a), misconduct includes, but is not confined to, any of the following:
if the member or student is represented to be guilty of any act or omission likely to bring discredit to himself, the Institute or the accountancy profession;
if he has been found guilty by a court in Singapore or in any country whose judgments are registerable in Singapore of an offence which would bring discredit to himself or to the Institute; or
if he has been found in any civil proceedings to have acted fraudulently or dishonestly.
(3) The Council may take disciplinary action against any person who has whilst he was a member been guilty of misconduct or neglect of duty which would have rendered him liable for such action if he had remained as a member and in such a case, all provisions relating to investigation and discipline made under these Rules shall apply to him as if he were still a member.