Accountants Act 2004 · 2020 Revised Edition · Part 4 · Accounting Corporations, Accounting Firms and Accounting Llps
26. Requirements relating to constitution, and annual reports, of accounting corporations
Feedback & supportLast amended by an amending law of 2025. 2 amendments in all.
The constitution of an accounting corporation must at all times comply with all the requirements specified in section 17(3)(a) and (c) and the rules relating thereto.
constitution
“constitution”, in relation to a company, has the meaning given by section 4(1) of the Companies Act 1967;
An accounting corporation must, within 14 days after the occurrence of —
accounting corporation
“accounting corporation” means a company approved as an accounting corporation under section 17;
any amendment to its constitution;
any change in the composition of its board of directors who are public accountants;
any change in the proportion of its voting shares owned by corporate practitioners; or
any change in the number of its corporate practitioners,provide the Registrar with a true report in writing giving full particulars of the amendment or change.
In addition to the requirements in subsection (2), every accounting corporation must in every year, not later than a date specified by the Oversight Committee, send to the Registrar an annual report relating to the accounting corporation in such form as the Oversight Committee may require.
Oversight Committee
“Oversight Committee” means the Public Accountants Oversight Committee appointed by the Authority under section 4;