(5) Where the Oversight Committee has made an order referred to in subsection (2)(c), the Oversight Committee may, if it thinks fit having regard to any change in circumstances, by another order revoke the original order or revoke or vary any of the conditions imposed by the original order.
(6) Where the Oversight Committee has, under subsection (5), varied the conditions imposed by an order referred to in subsection (2)(c), the Registrar shall immediately serve on the public accountant concerned a notice of the variation.
(7) Any penalty referred to in subsection (2)(d) shall be recoverable as a debt due to the Authority from the public accountant concerned.
(8) A decision of the Oversight Committee under subsection (2), (3), (4) or (5) shall not take effect—
- (a) until the expiration of one month from the date on which the decision has been communicated to the public accountant concerned; or
- (b) where an appeal against the decision is made to the High Court under section 54, until the appeal has been determined or withdrawn.
(9) While any public accountant remains suspended, he shall be deemed not to be registered as a public accountant under this Act but immediately upon the expiry of his period of suspension, his rights and privileges as a public accountant shall immediately be revived.
(10) For the purposes of subsection (1)(e), a public accountant shall be deemed to have taken reasonable steps to prevent the doing of any act by any accounting corporation if he satisfies the Disciplinary Committee that the act was done without his knowledge and that—
- (a) he was not in a position to influence the conduct of the accounting corporation in relation to its action; or
- (b) he, being a director, exercised all due diligence to prevent the accounting corporation from so acting.
(11) In this section, references to acts done by an accounting corporation include references to omissions and to a series of acts or omissions to act.
