Accountants Act · 2023 Revised Edition · Part · Practice Monitoring Programme
43. Reviewer to submit report
Official textFrom Attorney General's Chambers, unchanged
A reviewer who carries out a practice review under this Part shall submit a report to the Practice Monitoring Sub-committee on the conclusion of the practice review and at any other stage thereof as may be required by the Practice Monitoring Sub-committee.
reviewer
“reviewer” means any person who is appointed by the Oversight Committee under section 41 to carry out a practice review.
Where after the conclusion of a practice review, the Practice
practice review
“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;
Monitoring Sub-committee, having had regard to any report submitted by the
Accountants reviewer, is of the opinion that the public accountant concerned has failed to observe, maintain or apply the prescribed professional standards, methods, procedures and other requirements, the Practice Monitoring Sub-committee shall make a report thereof to the Oversight Committee and the Authority.
public accountant
“public accountant” means a person who is registered in accordance with this Act as a public accountant;
Terms defined in this Act
Authority
Defined · s 2“Authority” means such person as is appointed by His Majesty the Sultan and Yang Di-Pertuan under section 3(1) to be the Authority for the purposes of this Act;
Oversight Committee
Defined · s 2“Oversight Committee” means the Public Accountants Oversight Committee appointed by the Authority under section 5(1);
Practice Monitoring Sub-committee
Defined · s 38“Practice Monitoring Sub-committee” means the Practice Monitoring Sub-committee appointed under section 40(1);
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;
public accountant
Defined · s 2“public accountant” means a person who is registered in accordance with this Act as a public accountant;
reviewer
Defined · s 38“reviewer” means any person who is appointed by the Oversight Committee under section 41 to carry out a practice review.