A 16
[Subsidiary] Restriction on registration as a professional accountant.
L.N. 137/77.
CAP. 50]
Professional Accountants By-laws
[1977 Ed.
41. (1) Subject to paragraph (2), a registered student who passes the examinations of the Society shall not be registered as a professional accountant unless he has not less than 5 years' practical experience.
(2) The Council may, in the case of a graduate of a university approved by the Council or the holder of a diploma in accountancy awarded by an educational institute approved by the Council who has attended a full-time course for not less than 3 years, reduce the period of practical experience required by paragraph (1) by such amount as it thinks fit, not being more than 2 years.
(3) In this by-law-
"practical experience" means experience acceptable to the Council as an employee of a professional accountant practising as a certified public accountant or a public accountant or in the financial, cost accountancy or statistical department of an organization in industry, commerce or the public service or in a similar department.
Appointment of auditor.
Qualification
etc.
Retirement of auditor.
Nomination of auditors.
PART X
AUDITORS
42. (1) The Society shall at each annual general meeting appoint an auditor, who shall hold office until the next annual general meeting.
(2) The Council may fill any casual vacancy in the office of auditor.
43. (1) A person shall not be eligible for appointment under by-law 42 as auditor unless he is a professional accountant holding a practising certificate.
(2) The following persons shall not be qualified for appointment as auditor-
(a) a member of the Council; and
(b) a partner of a member of the Council.
(3) The remuneration of the auditor shall be fixed by the Society at a general meeting.
44. The auditor shall be eligible for reappointment and shall be deemed to have been nominated for reappointment unless he informs the Council in writing, not less than 14 days before the annual general meeting, that he does not wish to be so nominated.
45. (1) A person, other than a retiring auditor, shall not be capable of being appointed auditor at an annual general meeting
A 16
[Subsidiary] Restriction on registration as a professional accountant.
L.N. 137/77.
CAP. 50]
Professional Accountants By-laws
[1977 Ed.
41. (1) Subject to paragraph (2), a registered student who passes the examinations of the Society shall not be registered as a professional accountant unless he has not less than 5 years. practical experience.
(2) The Council may, in the case of a graduate of a univer- sity approved by the Council or the holder of a diploma in account- ancy awarded by an educational institute approved by the Council who has attended a full time course for not less than 3 years, reduce the period of practical experience required by paragraph (1) by such amount as it thinks fit, not being more than 2 years.
(3) In this by-law-
"practical experience" means experience acceptable to the Council as an employee of a professional accountant practising as a certified public accountant or a public accountant or in the financial, cost accountancy or statistical department of an organization in industry, commerce or the public service or in a similar department.
Appointment of auditor.
Qualification
etc.
Retirement of auditor.
Nomination of auditors.
PART X
AUDITORS
42. (1) The Society shall at each annual general meeting appoint an auditor, who shall hold office until the next annual general meeting.
(2) The Council may fill any casual vacancy in the office of auditor.
43. (1) A person shall not be eligible for appointment under by-law 42 as auditor unless he is a professional accountant hold- ing a practising certificate.
(2) The following persons shall not be qualified for appoint- ment as auditor-
(a) a member of the Council; and
(b) a partner of a member of the Council.
(3) The remuneration of the auditor shall be fixed by the Society at a general meeting.
44. The auditor shall be eligible for reappointment and shall be deemed to have been nominated for reappointment unless he informs the Council in writing, not less than 14 days before the annual general meeting, that he does not wish to be so nominated.
45. (1) A person, other than a retiring auditor, shall not be capable of being appointed auditor at an annual general meeting
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