Singapore legislation

Clause 20

Amendment of section 48

Section 48 of the Accountants Act is amended —

(a)

by inserting, immediately after subsection (2), the following subsection:“(2A) A body corporate which is not approved as an accounting corporation under this Act shall not —

(a)

provide public accountancy services in Singapore;

(b)

advertise or hold itself out or describe itself in any way to be an accounting corporation or to be authorised to provide public accountancy services in Singapore; or

(c)

use in connection with its name, or with the name under which it carries on business, the words “Public Accounting Corporation”, or any abbreviation or derivatives thereof, or use at the end of such name the acronym “PAC”, or any combination of such acronym, words, abbreviations or derivatives.”;

(b)

by inserting, immediately after the words “subsection (1)” in subsection (3), the words “or (2A)”; and

(c)

by inserting, immediately after the words “public accountant” in the section heading, the words “or accounting corporation”.

Read in full context — Accountants (Amendment) Bill →