23. Effect of company becoming accounting corporation
Feedback & supportLast amended by an amending law of 2000.
An accounting corporation is authorised to do anything that a public accountant can do by law and is required to do all that a public accountant is required to do by law.
accounting corporation
“accounting corporation” means a company approved as an accounting corporation under section 19;
Subsection (1) shall not apply to the doing of anything that can only be done by a public accountant as a natural person.
public accountant
“public accountant” means a person who is registered or deemed to be registered in accordance with this Act as a public accountant;
A public accountant who provides public accountancy services as a director or an employee of an accounting corporation shall be subject to the same standards of professional conduct and competence in respect of such services as if he were personally providing the public accountancy services as a public accountant in an accounting firm.
public accountancy services
“public accountancy services” means the audit and reporting on financial statements and the doing of such other acts that are required by the Companies Act or any other written law to be done by an approved company auditor;
The mere fact that a public accountant personally provides public accountancy services as a director or an employee of an accounting corporation shall not affect the personal liability of that public accountant at law.[18E