Clause 4

by inserting, immediately after the word “contracts” in subsection (2)(a), the words “, agreements or arrangements”;

by inserting, immediately after the word “company” in subsection (2)(b), the words “, association, trust or partnership”; and

by inserting, immediately after subsection (2), the following subsection:“(2A) Without limiting subsections (1) and (2) but subject to this Act, the powers of the Authority include the power to —

provide for, develop, administer, promote, coordinate, collaborate with any person (within or outside Singapore) on, or facilitate, the training, development, education, examination, assessment and certification of persons practising, or desiring to practise, in the accountancy sector and its related fields in Singapore;

provide for, administer, collaborate with any person (within or outside Singapore) on or facilitate the accreditation of any body, programme or qualification in connection with any programme, qualification, certification, specialisation or continuing professional development relating to the accountancy sector and its related fields in Singapore; and

establish and administer funds in support of, to promote the growth and development of, for the advancement of competencies, expertise and professional standards in, and for the conduct and development of research relating to, the accountancy sector and its related fields in Singapore.”.