Page:Accountants Act 2004.pdf/18

membership or registration with such body or organisation terminated or suspended; or

(e) the public accountant is no longer in a position to discharge the duties of a public accountant effectively.

(5) The Oversight Committee shall, before exercising its powers under subsection (4), notify the public accountant concerned of its intention to take such action and shall give him an opportunity to submit reasons, within such period as the Oversight Committee may determine, as to why his registration should not be cancelled.

(6) Any public accountant who is aggrieved by an order under subsection (4) may, within 30 days of being notified of the order, appeal to the Minister whose decision shall be final.

Publication of list of public accountants

16. The Registrar may, from time to time, prepare and publish in such form or manner as the Oversight Committee may determine a list of the names and particulars of all public accountants.

Approval of accounting corporations

17.—(1) A public accountant who wishes to have a company or proposed company approved as an accounting corporation may apply to the Oversight Committee for approval of—

(a) the company as an accounting corporation; and

(b) the name or proposed name of the accounting corporation.

(2) An application under subsection (1) shall be made in accordance with the prescribed requirements and shall be accompanied by the prescribed fee.

(3) Subject to subsection (4) and any other provisions of this Act, the Oversight Committee may, on receiving an application made under this section, approve the company or proposed company concerned as an accounting corporation if and only if—