Singapore legislation

Clause 64

Rules

(1)

The Authority may, with the approval of the Minister, make rules to give effect to this Act.

(2)

Without prejudice to the generality of subsection (1), the Authority may, with the approval of the Minister, make rules —

(a)

to provide for the manner in which applications for registration or approval may be made under this Act; (b)to prescribe the fees payable for the purposes of this Act; (c)to prescribe the qualifications and other requirements for the registration of public accountants under this Act;

(d)

to provide for the classification of public accountants; (e)to prescribe the standards, methods, procedures and other requirements to be applied by public accountants when providing public accountancy services;

(f)

to prescribe the code of professional conduct and ethics of public accountants, accounting corporations and accounting firms;

(g)

to provide for matters relating to the discipline of public accountants;

(h)

to impose restrictions on persons or classes of persons who may become officers of an accounting corporation or accounting firm;

(i)

to provide for the exemption of any persons or classes of persons from any provision of Part III or IV; and

(j)

to prescribe anything which may be prescribed or is required to be prescribed under this Act.

(3)

In making rules for the purpose of subsection (2)(e) and (f), the Authority may adopt any standard, method, procedure or code of professional conduct or ethics issued or applied by any professional accountancy body or organisation, whether in Singapore or elsewhere.

Read in full context — Accountants Bill →