Singapore legislation
Clause 13
Clause 13
Amendment of section 23
Section 23 of the Accountants Act is amended by inserting, immediately after subsection (3), the following subsections:“(4) Notwithstanding any provision in this Part, the Board may also cancel the registration of a public accountant and order the removal of his name and particulars from the Register of Public Accountants if the Board is satisfied that —
he has obtained his registration as a public accountant under Part III by fraud or misrepresentation;
he has made any arrangement with his creditors;
any of his qualifications by virtue of which the public accountant was registered under this Act has been withdrawn or cancelled by the authority through which such qualification was acquired or by which such qualification was awarded;
for disciplinary reasons, the public accountant has been censured by any authority referred to in paragraph (c) or by any professional accountancy body of which he is a member or with which he is registered, or has had his membership or registration with such body terminated or suspended;
he is no longer in a position to carry out the duties of a public accountant effectively; or
he has failed to comply with an order of the Board referred to in section 21(2)(d).(5) The Board shall, before exercising its powers under subsection (4), notify the public accountant concerned of its intention to take such action and shall give the public accountant an opportunity to submit reasons, within such period as the Board may determine, why his registration should not be cancelled.(6) Any public accountant who is aggrieved by an order under subsection (4), may within 30 days of being notified of the order, appeal to the Minister whose decision shall be final.”.