On 21/05/2013,
you requested for the version in force on 21/05/2013
incorporating all amendments published on or before 21/05/2013.
The closest version currently available is that of 01/04/2013.
PART III
REGISTRATION OF PUBLIC ACCOUNTANTS
10.
—(1) Any person who —
(a)
has attained the age of 21 years; and
(b)
satisfies the prescribed requirements relating to —
(i)
qualifications;
(ii)
practical experience; and
(iii)
membership in any professional accountancy body or organisation,
shall be entitled, on payment of the prescribed fee, to be registered as a public accountant under this Part.
(2) The Authority may, after consultation with the Oversight Committee and subject to such conditions as it thinks fit, exempt any person from any of the prescribed requirements referred to in subsection (1)(b).
[Accountants 2001 Ed., s. 12]
11.
—(1) Any person who desires to be registered as a public accountant under this Part may make an application to the Oversight Committee in such form or manner as the Oversight Committee may require.
(2) An application under subsection (1) shall be accompanied by —
(a)
the prescribed fee; and
(b)
a declaration by the applicant verifying any information contained in or relating to the application.
(3) The Oversight Committee may require an applicant for registration to undergo such interviews as the Oversight Committee may determine.
(4) The Oversight Committee may refuse to register any applicant who —
(a)
in the opinion of the Oversight Committee —
(i)
is not of good reputation or character;
(ii)
is engaged in any business or occupation that is inconsistent with the integrity of a public accountant; or
(iii)
is otherwise unfit to practise as a public accountant; or
(b)
has had his registration, licence or approval to practise as a public accountant in any other country withdrawn, suspended, cancelled or revoked.
(5) Where the Oversight Committee refuses to register an applicant, it shall by notice in writing inform the applicant of its refusal.
(6) Any person who is aggrieved by any refusal of the Oversight Committee under subsection (4) may, within 30 days of the notice given under subsection (5), appeal to the Minister whose decision shall be final.
[Accountants 2001 Ed., s. 13]
12.
—(1) Upon a person being registered as a public accountant under this Part, the Registrar shall —
(a)
issue to him a certificate of registration; and
(b)
record his name and relevant particulars in the Register of Public Accountants.
(2) A certificate of registration shall be issued in such form or manner as the Oversight Committee may determine.
(3) Subject to the provisions of this Act, every such certificate of registration shall be in force from the date of its issue or renewal to 31st December of the year in respect of which the certificate is issued or renewed.
[Accountants 2001 Ed., s. 15]
13.
—(1) Unless the Oversight Committee or the Registrar allows otherwise, a public accountant who desires to renew his certificate of registration upon its expiry shall, not less than one month before the date of the expiry, submit his application for the renewal to the Oversight Committee in such form or manner as the Oversight Committee may require.
[28/2004]
(2) An application under subsection (1) shall be accompanied by —
(a)
the prescribed fee; and
(b)
a declaration by the applicant verifying any information contained in or relating to the application.
(3) Unless the Oversight Committee determines otherwise, a public accountant shall not be entitled to have his certificate of registration renewed if he has failed —
(a)
to comply with the prescribed requirements relating to continuing professional education;
(b)
to pass any practice review under Part V or comply with any order or requirement under section 38(1)(a); or
(c)
to satisfy such other requirement as the Oversight Committee thinks relevant.
14.
—(1) Every public accountant shall, whenever there is any change in his name or any of his relevant particulars as recorded in the Register of Public Accountants, notify the Registrar of such change within 30 days thereof in such manner as the Oversight Committee may require.
(2) Any person who fails, without reasonable excuse, to comply with subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $1,000.
[Accountants 2001 Ed., s. 16]
15.
—(1) The Registrar shall remove from the Register of Public Accountants the name and relevant particulars of any public accountant —
(a)
who has died;
(b)
who has become unfit to practise as a public accountant by reason of any physical or mental condition;
(c)
who has been adjudged a bankrupt;
(d)
who, without reasonable excuse, has failed to renew his certificate of registration after one month from the date of the expiry thereof;
(f)
who has applied to the Oversight Committee for his registration to be cancelled and whose application has been granted by the Oversight Committee.
[28/2004]
(2) Subject to subsection (3), any person whose name has been removed from the Register under subsection (1)(d) may, if he desires to be reinstated in the Register, apply to the Registrar for reinstatement within 21 days of his being informed by the Registrar of the removal of his name from the Register, and the Registrar shall, upon payment of the prescribed fee by the applicant, reinstate the applicant to the Register.
(3) The Registrar shall not remove the name and relevant particulars of a public accountant from the Register of Public Accountants under subsection (1)(d) and the Oversight Committee shall not grant an application by a public accountant to cancel his registration under subsection (1)(f), if the Registrar or Oversight Committee, as the case may be, has received any complaint or information against the public accountant under Part VI, or if disciplinary proceedings under that Part are pending against the public accountant.
(4) The Oversight Committee may also cancel the registration of a public accountant and order the removal of his name and relevant particulars from the Register of Public Accountants if it is satisfied that —
(a)
the public accountant has obtained his registration by fraud or misrepresentation;
(b)
the public accountant has made any arrangement with his creditors;
(c)
the public accountant no longer satisfies any of the requirements prescribed under section 10(1)(b) by virtue of which he was registered under this Part;
(d)
for any reason, the public accountant has been censured by any professional accountancy body or organisation of which he is a member or with which he is registered, or has had his membership or registration with such body or organisation terminated or suspended; or
(e)
the public accountant is no longer in a position to discharge the duties of a public accountant effectively.
(5) The Oversight Committee shall, before exercising its powers under subsection (4), notify the public accountant concerned of its intention to take such action and shall give him an opportunity to submit reasons, within such period as the Oversight Committee may determine, as to why his registration should not be cancelled.
(6) Any public accountant who is aggrieved by an order under subsection (4) may, within 30 days of being notified of the order, appeal to the Minister whose decision shall be final.