27. Effect of company becoming accounting corporation

An accounting corporation is authorised to do anything that a public accountant can do by law and is required to do all that a public accountant is required to do by law in respect of the provision of public accountancy services by that accounting corporation.

Subsection (1) does not apply to the doing of anything that can only be done by a public accountant as an individual.

A public accountant who provides public accountancy services as a director or as an employee of an accounting corporation shall be subject to the same standards of professional conduct and competence in respect of such services as if he were personally providing the public accountancy services as a public accountant in an accounting firm.

The fact that a public accountant personally provides public accountancy services as a director or as an employee of an accounting corporation shall not affect the personal liability of that public accountant at law.