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Friday, August 4, 1972
A practising certificate will be issued to a registered accountant
only if the Council is satisfied that he has had such practical experience as
the Society may prescribe in its by-laws.
Under the proposed legislation, the practice of public accountancy
by an accountant not holding a practising certificate will be an offence
punishable on conviction by a $2,000 fine and six months imprisonment.
An accountant holding a practising certificate will also have to
maintain a registered office. Failure to do so will be an offence punishable
with a $1,000 fine.
The bill provides for the setting up of a Disciplinary Committee to
investigate complaints of misconduet by an accountant.
An official list of accountants will be published annually in the
Government Gazette as evidence that the people listed are accountants holding
practising certificates.
The bill will not apply to the Director of Audit or to public officers
in connection with the discharge of their public duties,
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