| ARRANGEMENT OF SECTIONS |
|
CHAPTER
I. INTERPRETATION
AND
OBJECTS OF ACT |
1. |
Definitions |
2. |
Objects of Act |
|
CHAPTER
II. INDEPENDENT
REGULATORY
BOARD FOR AUDITORS |
|
Part
1. Establishment
and
legal
status of Regulatory Board |
3. |
Establishment and legal status |
|
Part
2. Functions
of
Regulatory
Board |
4. |
General functions |
5. |
Functions with regard to
accreditation of
professional
bodies |
6. |
Functions with regard to
registration of auditors and candidate auditors [...Title amended by Act
2015_002_002_20150617 - was entitled "Functions with regard to
registration of auditors"] |
7. |
Functions with regard to education,
training and
professional development |
8. |
Functions with regard to fees and
charges |
|
Part
3. Powers
of Regulatory
Board |
9. |
General powers |
10. |
Powers to make rules |
|
Part
4. Governance
of
Regulatory
Board |
11. |
Appointment of members of Regulatory
Board |
12. |
Term of office of members of
Regulatory Board |
13. |
Disqualification from membership and
vacation of
office |
14. |
Chairperson and deputy chairperson |
15. |
Meetings |
16. |
Decisions |
17. |
Duties of members |
18. |
Chief executive officer |
19. |
Delegations |
|
Part
5. Committees
of
Regulatory
Board |
20. |
Establishment of committees |
21. |
Committee for auditor ethics |
22. |
Committee for auditing standards |
23. |
Matters relating to appointment of
members to
committees for auditor ethics and for auditing standards |
24. |
Investigating disciplinary committees [... Title amended by Act 2021_005_008_20210426 - was entitled "Investigating disciplinary committees"] |
24A. | Disciplinary committee [... Title inserted by Act 2021_005_009_20210426] |
24B. | Subcommittees of Regulatory Board [... Title inserted by Act 2021_005_009_20210426] |
|
Part
6. Funding
and
financial
management of Regulatory Board |
25. |
Funding |
26. |
Annual budget and strategic plan |
27. |
Financial management, financial
statements and
annual
report |
|
Part
7. National
government
oversight and executive authority |
28. |
Executive authority |
29. |
Ministerial representatives |
30. |
Investigations |
31. |
Information |
|
CHAPTER
III. ACCREDITATION
AND
REGISTRATION |
|
Part
1. Accreditation
of
professional bodies |
32. |
Application for accreditation |
33. |
Requirements for accreditation |
34. |
Retaining accreditation |
35. |
Termination of accreditation |
36. |
Effect of termination of
accreditation on
registered
auditors and registered candidate auditors [...Title amended by Act
2015_002_004_20150617 - was entitled "Effect of termination of
accreditation on registered auditors"] |
|
Part
2. Registration
of
individual
auditors and firms |
37. |
Registration of individuals as
registered
auditors and registered candidate auditors [...Title amended by Act
2015_002_005_20150617 - was entitled "Registration of
individuals as registered auditors"] |
38. |
Registration of firms as registered
auditors |
39. |
Termination of registration of
registered auditors and registered candidate auditors [...Title amended by Act
2015_002_007_20150617 - was entitled "Termination of
registration"] |
40. |
Renewal of registration and
re-registration |
|
CHAPTER
IV. CONDUCT
BY AND
LIABILITY OF REGISTERED AUDITORS |
41. |
Practice |
42. |
Compliance with rules |
43. |
Information to be furnished |
44. |
Duties in relation to audit |
45. |
Duty to report on irregularities |
46. |
Limitation of liability |
|
CHAPTER
V. ACCOUNTABILITY
OF
REGISTERED AUDITORS |
47. |
Inspections |
48. |
Investigation of charge of improper
conduct |
48A. | Powers to enter and search premises [... Title inserted by Act 2021_005_016_20210426] |
48B. | Warrants [... Title inserted by Act 2021_005_016_20210426] |
49. |
Process following investigation [... Title substituted by Act 2021_005_017_20210426 by way of unmarked omission and unmarked insertion - was entitled "Charge of improper conduct"] |
50. |
Disciplinary hearing |
51. |
Sanctions in admission of guilt process [... Title amended by Act 2021_005_017_20210426 by way of unmarked omission and unmarked insertion - was entitled "Proceedings after hearing"] |
51A. |
Application of certain provisions to
registered candidate auditors [...Title inserted by Act
2015_002_012_20150617] |
51B. | Sanctions in disciplinary hearing process [...Title inserted by Act 2021_005_019_20210426] |
|
CHAPTER
VI. OFFENCES |
52. |
Reportable irregularities and false
statements
in
connection with audits |
53. |
Offences relating to investigation and disciplinary process [... Title amended by GG2021_005_020_20210426 - was entitled "Offences relating to disciplinary
hearings"] |
54. |
Offences relating to public practice |
|
CHAPTER
VII. GENERAL
MATTERS |
55. |
Powers of Minister |
56. |
Indemnity |
57. |
Administrative matters |
57A. | Protection of information [... Title inserted by GG20210601_005_021_20210426] |
58. |
Repeal and amendment of laws |
59. |
Transitional provisions |
60. |
Short title and commencement |
|
SCHEDULE. LAWS
REPEALED [s58] |