Section 6

to register accountants and to regulate the practice of the profession of accountancy in Singapore;

to provide for the training, education and examination, by the Society or any other body, of persons practising or intending to practise the profession of accountancy in Singapore and elsewhere;

to determine the qualifications of persons for admission to membership in the Society and for registration under this Act;

to grant or issue diplomas or certificates to members of the Society;

to promote, in any manner which the Society thinks fit, the interests of the profession of accountancy in Singapore;

to grant prizes and scholarships, to hold exhibitions and to establish and subsidise lectureships in universities and other educational institutions in subjects of study relating to accountancy or to the duties of an accountant;

to grant pecuniary or other assistance to any association, institute or society established in Singapore in the interests of the profession of accountancy or of students for that profession; and

to afford pecuniary and other assistance to members of the Society who are in need of any such assistance, and to the wives and children and other dependants of members and to the widows and children and other dependants of deceased members.