Clause 17

Where the Oversight Committee has made a suspension order (X) against a public accountant, an accounting corporation, an accounting firm or an accounting LLP, the period of suspension ordered under any suspension order made against that public accountant, accounting corporation, accounting firm or accounting LLP that is subsequent to X must not, together with the period of suspension ordered under X, exceed a period of 2 years in aggregate.(2) In this section, “suspension order” means —

in relation to a public accountant, an order of the Oversight Committee to —

suspend the registration of a public accountant under Part 5 or 5A; or

suspend a public accountant from practice under Part 6; and

in relation to an accounting corporation, accounting firm or accounting LLP, an order of the Oversight Committee to suspend the accounting corporation, accounting firm or accounting LLP from providing public accounting services under Part 5A or 6.(3) For the purposes of this section —

in relation to a suspension order made against a public accountant, a suspension order is subsequent to X if —

the suspension order was made after X but before the period of suspension ordered under X had expired; and

where 2 or more suspension orders were made after X, each such suspension order was made before the period of suspension ordered under the suspension order preceding it had expired; and

in relation to a suspension order made against an accounting corporation, accounting firm or accounting LLP, a suspension order is subsequent to X if —

the suspension order was made after X but before the period of suspension ordered under X had expired; and

where 2 or more suspension orders were made after X, each such suspension order was made before the period of suspension ordered under the suspension order preceding it had expired.”.