Accountants Act · 2023 Revised Edition · Part · Disciplinary Proceedings
51. Powers of Oversight Committee
Official textFrom Attorney General's Chambers, unchanged
For the purposes of any inquiry, the Oversight Committee may —
Oversight Committee
“Oversight Committee” means the Public Accountants Oversight Committee appointed by the Authority under section 5(1);
call upon or appoint any person the Oversight Committee considers necessary to assist it in its inquiry;
require any person —
to produce any book, document, paper or other record which may be related to or be connected with the subject matter of the inquiry for inspection by the
Oversight Committee or the person appointed under paragraph (a) and for making copies thereof; or
to give all information in relation to any such book, document, paper or other record which may be reasonably required by the Oversight Committee or the person so appointed; and
require any person to attend at a specified time and place and give evidence or produce any such book, document, paper or record.
Any person who, without lawful excuse, refuses or fails to comply with any requirement of the Oversight Committee under subsection (1) is guilty of an offence and liable on conviction to a fine not exceeding $5,000, imprisonment for a term not exceeding one year or both and, in the case of a continuing offence, to a further fine not exceeding $50 for every day or part thereof during which the offence continues after conviction.
Where in the course of its inquiry the Oversight Committee receives any information or evidence relating to the conduct of the public accountant, accounting corporation, accounting firm or accounting Limited
public accountant
“public accountant” means a person who is registered in accordance with this Act as a public accountant;
Liability Partnership concerned which may give rise to further proceedings under this Part, the Oversight Committee may, after giving notice to the public accountant, accounting corporation, accounting firm or accounting
accounting corporation
“accounting corporation” means a company approved as an accounting corporation under section 20;
Limited Liability Partnership concerned, decide on its own motion to inquire into that matter and report its findings to the Oversight Committee.
Where in the course of its inquiry the Oversight Committee receives any information or evidence relating to the conduct of the public accountant, accounting corporation, accounting firm or accounting Limited
accounting firm
“accounting firm” means a firm approved as an accounting firm under section 21;
Liability Partnership which discloses an offence under any written law, the
Accountants
Oversight Committee shall record that information in its report to the
Authority.
Authority
“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;
The Authority may appoint counsel to advise the Oversight
Committee on any matter of law arising in the course of its inquiry.
Terms defined in s 2
accounting corporation
Defined · s 2“accounting corporation” means a company approved as an accounting corporation under section 20;
accounting firm
Defined · s 2“accounting firm” means a firm approved as an accounting firm under section 21;
accounting limited liability partnership
Defined · s 2“accounting limited liability partnership” means a limited liability partnership approved as an accounting limited liability partnership under section 22;
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);
public accountant
Defined · s 2“public accountant” means a person who is registered in accordance with this Act as a public accountant;
Part