Suggest a correction

Cap for fees for conduct of practice review under practice monitoring programme

Accountants (Public Accountants) Rules

Match the official source exactly.

What needs fixing?

Wrong or mistyped textWrong structure or numberingWrong title or detailsDuplicated content

Proposed text

FIFTH SCHEDULERule 4(2)Cap for fees for conduct of practice review under practice monitoring programmeFirst column Second columnCategories Cap1.Where the practice review is the first practice review that the specified public accountant has undergone under a practice monitoring programme $6,0002.Where the practice review is the first practice review being conducted of a specified public accountant on or after 1 July 2023, and the public accountant — (a)passed the practice review immediately before the practice review being conducted; $6,000(b)failed to pass the practice review immediately before the practice review being conducted; $12,000(c)failed to pass 2 consecutive practice reviews immediately before the practice review being conducted; or $12,000(d)failed to pass 3 consecutive practice reviews immediately before the practice review being conducted $18,0003.Where the practice review is the second or subsequent practice review being conducted of a specified public accountant on or after 1 July 2023, and in the practice review immediately before the practice review being conducted — (a)the public accountant’s compliance with the professional standards was satisfactory under the Oversight Committee’s professional assessment framework; $6,000(b)the public accountant’s compliance with any professional standards was partially satisfactory under the Oversight Committee’s professional assessment framework; or $10,000(c)the public accountant’s compliance with any professional standards was not satisfactory under the Oversight Committee’s professional assessment framework. $15,000Note: In this Schedule, “specified public accountant” has the meaning given by rule 4(3).[S 329/2023 wef 01/07/2023]

What's the problem? (required)

Source link (optional)

Describe the problem (and edit the text or pick an issue type) to submit.

Suggestions are submitted anonymously. No account or personal information is required or sent.