In force2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Accountants Act 2004 · 2020 Revised Edition · Part 7 · Miscellaneous
62. Composition of offences
Feedback & support(1)
The Oversight Committee or any officer of the Authority who is authorised by the Oversight Committee in that behalf may compound any offence under this Act which is prescribed as a compoundable offence by collecting from a person reasonably suspected of having committed the offence a sum of money not exceeding $1,000.
Oversight Committee
Defined · s 2
“Oversight Committee” means the Public Accountants Oversight Committee appointed by the Authority under section 4;
(2)
On payment of the sum of money, no further proceedings are to be taken against such person in respect of the offence.