PART I
PRELIMINARY
Short title and commencement
1. This Act may be cited as the Accountants Act 2004 and shall come into operation on such date as the Minister may, by notification in the Gazette, appoint.
Interpretation
2. In this Act, unless the context otherwise requires—
“accounting corporation” means a company approved as an accounting corporation under section 17;
“accounting firm” means a firm approved as an accounting firm under section 18;
“appointed day” means the date of commencement of this Act;
“Authority” means the Accounting and Corporate Regulatory Authority established under the Accounting and Corporate Regulatory Authority Act 2004;
“Chairman” means the Chairman of the Oversight Committee;
“company” has the same meaning as in the Companies Act (Cap. 50);
“Complaints and Disciplinary Panel” means the Complaints and Disciplinary Panel appointed under section 39;
“Complaints Committee” means a Complaints Committee constituted under Part VI;
“corporate practitioner”, in relation to an accounting corporation, means a director or an employee of the corporation who is a public accountant and practising as such in that corporation;
“costs and expenses”, in relation to any proceedings under Part VI, includes—
- (a) the costs and expenses of any legal assessor and any advocate and solicitor appointed by the Oversight Committee for
