Singapore legislation
Section 25A
Section 25A
Approved entity
(1)
A company or proposed company, a firm or proposed firm, or a limited liability partnership or proposed limited liability partnership (called in this section an entity), which is not an accounting entity, may apply to the Commission for approval to describe itself as “Chartered Accountant of Singapore” and use the initials “CA (Singapore)” after its name.
(2)
The Commission may approve an application made under subsection (1) if the following conditions are satisfied:
one of the primary objects of the entity is to provide such accounting services as may be prescribed; (b)in the case of an entity that is —
a company or proposed company — the constitution of the company or proposed company provides that not less than two‑thirds, or any other prescribed proportion, of the directors (including the chairperson) must be chartered accountants, or —
if the company or proposed company has only one director, that that director must be a chartered accountant; or
if the company or proposed company has only 2 directors, that at least one of those directors must be a chartered accountant;
a firm or proposed firm — at least two‑thirds, or any other prescribed proportion, of the partners are chartered accountants, or if the partnership has only 2 partners, at least one of those partners is a chartered accountant; or
a limited liability partnership or proposed limited liability partnership — at least two‑thirds, or any other prescribed proportion, of the partners are chartered accountants, or if the partnership has only 2 partners, at least one of those partners is a chartered accountant; and
the entity meets any other conditions that may be prescribed.
(3)
If any of the conditions mentioned in subsection (2) ceases to be satisfied by the entity, the Commission’s approval under subsection (2) automatically ceases.
(4)
Subsection (3) does not prevent an entity from making a fresh application under subsection (1) and from being approved by the Commission under subsection (2) if the entity subsequently meets the conditions of subsection (2) again.
(5)
An entity aggrieved by the Commission’s refusal to approve an application under subsection (2) may, within 30 days after being informed of the Commission’s refusal, appeal to the Minister whose decision is final.
(6)
In this section and section 25 —
Definition
“accounting corporation” means a company approved or deemed to be approved as an accounting corporation under the Accountants Act 2004;
Definition
“accounting entity” means a public accountant, an accounting corporation, an accounting firm or an accounting limited liability partnership;
Definition
“accounting firm” means a firm approved or deemed to be approved as an accounting firm under the Accountants Act 2004;
Definition
“accounting limited liability partnership” means a limited liability partnership approved as an accounting limited liability partnership under the Accountants Act 2004;
Definition
“public accountant” means a person who is registered or deemed to be registered in accordance with the Accountants Act 2004 as a public accountant.