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58
NO. 4 OF 2004


(f) to prescribe the code of professional conduct and ethics of public accountants, accounting corporations and accounting firms;
(g) to provide for matters relating to the discipline of public accountants;
(h) to impose restrictions on persons or classes of persons who may become officers of an accounting corporation or accounting firm;
(i) to provide for the exemption of any persons or classes of persons from any provision of Part III or IV; and
(j) to prescribe anything which may be prescribed or is required to be prescribed under this Act.

(3) In making rules for the purpose of subsection (2)(e) and (f), the Authority may adopt any standard, method, procedure or code of professional conduct or ethics issued or applied by any professional accountancy body or organisation, whether in Singapore or elsewhere.

PART VIII
REPEAL, SAVINGS AND TRANSITIONAL PROVISIONS

Repeal

65.—(1) The Accountants Act (Cap. 2) is repealed.

(2) All acts done before the appointed day by the Public Accountants Board established under Part II of the repealed Accountants Act shall continue to remain valid and applicable as though done by the Authority or the Oversight Committee, until such time as invalidated, revoked, cancelled or otherwise determined by the Authority or the Oversight Committee.

(3) Where anything has been commenced by or on behalf of the Public Accountants Board before the appointed day, such thing may be carried on and completed by or under the authority of the Authority or the Oversight Committee.

(4) Any subsidiary legislation made under the repealed Accountants Act and in force immediately before the appointed day shall, so far as it is not inconsistent with the provisions of this Act, continue in force as if made