Singapore legislation

Clause 47

Findings of Complaints Committee

Upon due inquiry into the complaint or information referred to it under this Part, a Complaints Committee shall —

(a)

if it is of the view that no further action should be taken on the complaint or information, dismiss the complaint or information and notify the Oversight Committee, the complainant (if any) and the public accountant, accounting corporation or accounting firm concerned of the dismissal;

(b)

if it is of the view that the complaint or information is valid but that no formal inquiry is necessary, recommend to the Oversight Committee to do any of the following:

(i)

order that the public accountant, accounting corporation or accounting firm concerned be issued with a letter of advice;

(ii)

order that the public accountant, accounting corporation or accounting firm concerned be warned;

(iii)

make such other order as the Complaints Committee considers appropriate; and

(c)

if it is of the view that a formal inquiry is necessary, recommend to the Oversight Committee to constitute a Disciplinary Committee to hold the formal inquiry.

Read in full context — Accountants Bill →