Accountants Act · 2023 Revised Edition · Part · Disciplinary Proceedings
52. Findings of Oversight Committee
Official textFrom Attorney General's Chambers, unchanged
Upon due inquiry into the complaint or information referred to it under this Part, the Oversight Committee shall —
Oversight Committee
“Oversight Committee” means the Public Accountants Oversight Committee appointed by the Authority under section 5(1);
if it is of the view that no further action should be taken on the complaint or information, dismiss the complaint or information and notify the Authority, the complainant (if any) and the public accountant, accounting corporation, accounting firm or accounting
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;
Limited Liability Partnership concerned of the dismissal;
if it is of the view that the complaint or information is valid but that no formal inquiry is necessary, recommend to the Authority to —
order that 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 be issued with a letter of advice;
order that the public accountant, accounting corporation, accounting firm or accounting Limited
Liability Partnership be warned; or
make such other order as the Oversight Committee considers appropriate; and
if it is of the view that a formal inquiry is necessary, recommend to the Authority to constitute a Disciplinary Committee to hold the formal inquiry.
Disciplinary Committee
“Disciplinary Committee” means a Disciplinary Committee appointed under Part 7;
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;
Disciplinary Committee
Defined · s 2“Disciplinary Committee” means a Disciplinary Committee appointed under Part 7;
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