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Friday, August 4, 1972
STATUTORY CONTROL OVER PUBLIC ACCOUNTANCY
Accountants practising public accountancy will have to be registered
under a bill to be introduced into the Legislative Council shortly.
The Accountants Bill 1972 provides for their registration and the
regulation of their professional practice and conduct, and seeks to prohibit
unregistered people from practising public accountancy.
Under the proposed legislation, a Hong Kong Society of Accountants
will be incorporated and a Council set up as its governing body.
A Government spokesman said today leading accountants had recommended
that the Society should be set up to provide training facilities for prospective
accountants, and that the registration and control of accountants practising
in Hong Kong should be prescribed by law.
Under the bill, the Society may make by-laws governing, amongst other
things, the registration, training, examinations and discipline of students.
The bill requires the Council to appoint a registrar whose duties
will include maintaining a register of accountants, which will be open to
public inspection, and issuing practising certificates to accountants.
A person will be qualified. for registration if he is over 21, is of
good character and is a member of an approved institute or has passed examinations
which the Society may have prescribed.
Anyone whose name is on the existing list of Authorized Auditors kept
under the Companies Ordinance will be entitled to be registered.
/A practising
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