Laws
Accountants Act
Part
s 41

In force2023 Revised EditionCurrent version · 2023 Revised Edition

Contents

Accountants Act

Find in this Act

Preliminary

1Citation
2Interpretation

Part 2

3Appointment of Authority, authorised persons etc.

Administration of Act

4Administration of Act
5Appointment of Public Accountants Oversight Committee
6Powers and functions of Authority
7Functions and powers of Oversight Committee
8Appointment of sub-committees by Authority
9Appointment of sub-committees by Oversight Committee
10Appointment and duties of Registrar
11Registers
12Certificate of Registrar

Registration of Public Accountants

13Qualifications for registration
14Application for registration
15Certificate of registration and record in Register of Public Accountants
16Renewal of registration
17Duty to report change in particulars
18Removal from Register of Public Accountants
19Publication of list of public accountants

Accounting Corporations, Accounting Firms and Accounting Limited Liability Partnerships

20Approval of accounting corporations
21Approval of accounting firms
22Approval of accounting Limited Liability Partnerships
23Liability Partnership
24Right of appeal against decision of Authority
25Notification of approval and record in Register
26Duty to report change in particulars
27Effect of company becoming accounting corporation
28Effect of becoming accounting Limited Liability Partnership
29Limited Liability Partnership
30Professional misconduct
31Requirements relating to memorandum and articles of association and annual reports of accounting corporations
32Shares of accounting corporation
33Professional indemnity insurance
34Management of accounting corporation
35Application of Chapter 39 and other written laws to accounting corporations
36and other written laws to accounting Limited Liability Partnerships
37Liability Partnerships

Practice Monitoring Programme

38Interpretation of this Part
39Practice monitoring programme for public accountants
40Appointment of Practice Monitoring Sub-committee
41Appointment of reviewers
42Practice reviews
43Reviewer to submit report
44Consequences of failure to pass practice review

Disciplinary Proceedings

45Appointment of Disciplinary Panel
46Complaints against public accountants, accounting corporations, accounting firms and accounting Limited Liability Partnerships
47Review of complaint
48Power to proceed with complaint notwithstanding complainant’s withdrawal
49Conviction final and conclusive
50Proceedings of Oversight Committee
51Powers of Oversight Committee
52Findings of Oversight Committee
53Decision of Authority
54Constitution of Disciplinary Committee
55Notice of formal inquiry
56Procedure of Disciplinary Committee
57Cancellation of registration, suspension etc. of public accountants
58Revocation of approval etc. of accounting corporations, accounting firms and accounting Limited Liability Partnerships
59Appeal against disciplinary orders of Authority

General

60Reinstatement to Registers
61Holding out as public accountant, accounting corporation, accounting firm or accounting Limited Liability Partnership
62Remuneration for services rendered
63Fraudulent practices in relation to registration
64Restrictions on employing disqualified persons
65Offences committed by bodies corporate etc.
66Jurisdiction of Court
67Composition of offences
68Protection from personal liability
69Power to exempt
70Amendment of Schedules
71Regulations
72Transitionals and savings

Schedules

SCHEDULE 1 (section 5(4)) CONSTITUTION AND PROCEEDINGS OF OVERSIGHT COMMITTEE Appointment of chairman 1. The chairman of the Oversight Comm...
SCHEDULE 2 (section 13(1)) RECOGNISED ACCOUNTANCY BODIES OR ORGANISATIONS 1. CPA Australia 2. The Association of Chartered Certified Accoun...

Accountants Act · 2023 Revised Edition · Part · Practice Monitoring Programme

41. Appointment of reviewers

No plain-English summary for s 41 yet. See the rest of this law

Official textFrom Attorney General's Chambers, unchanged

The Oversight Committee may appoint any suitably qualified person, not being a member of the Oversight Committee, as a reviewer to carry out any practice review under this Part.

Oversight Committee

Defined · s 2

“Oversight Committee” means the Public Accountants Oversight Committee appointed by the Authority under section 5(1);

Open s 2

Terms defined in this Act

Oversight Committee
Defined · s 2
“Oversight Committee” means the Public Accountants Oversight Committee appointed by the Authority under section 5(1);
Open s 2
practice review
Defined · s 38
“practice review” means a study, appraisal or review of one or more aspects of the professional work of a public accountant that is carried out under a practice monitoring programme;
Open s 38
reviewer
Defined · s 38
“reviewer” means any person who is appointed by the Oversight Committee under section 41 to carry out a practice review.
Open s 38

Report

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Read on from s 42

Part

Disciplinary Proceedings

Read on from Part

Part

General

Read on from Part

Schedules

Details

Accountants Act · s 41

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Where this comes from

Attorney General's Chambers · Accountants Act, 2023 Revised Edition. Reader record updated on 2 Oct 2026.

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