XN000022-1972-08-16 — Page 15

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Wednesday, August 16, 1972

Mr. Wong suggested that the proposed legislation should not apply to a person who is registered as an accountant under the Bill and not holding a practising certificate, but he must be authorised by the Council to audit the books, without reward, of any charitable organisation or trust of a public character whose name is listed in

the Gazette,

Earlier, the Acting Attorney General, the Hon. G.R. Sneath, said while moving the second reading of the Bill that for some time there had been a feeling that accountants should have their own professional body

in Hong Kong.

At present, he said, auditors required to perform functions under the Companies Ordinance were under the control of the Authorised Auditors

Board established by that Ordinance.

The Board would disappear with the repeal of the relevant sections

of the Companies Ordinance by the Bill, he said,

Mr. Sneath said the statutory responsibility for accountants'

training and examination was a most important aspect of the work of the

proposed Society to be incorporated under the Bill.

Up till now,

he said, would-be accountants had to go overseas to

qualify or else seek enrolment in Hong Kong with the Australian Society

of Accountants, or alternatively with the Association of Certified

Accountants.

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