Accountants Act · 2023 Revised Edition · Part · General
61. Holding out as public accountant, accounting corporation, accounting firm or accounting Limited Liability Partnership
Official textFrom Attorney General's Chambers, unchanged
A person who is not registered as a public accountant under this
public accountant
“public accountant” means a person who is registered in accordance with this Act as a public accountant;
Act shall not —
practise as a public accountant;
hold himself out to be a public accountant; or
use in connection with his name or otherwise assume, use or advertise any title or description tending to convey the impression that he is a public accountant registered under this Act, or that he is otherwise authorised to provide public accountancy services in
Brunei Darussalam.
Subject to subsection (5), a body corporate which is not approved as an accounting corporation under this Act shall not —
accounting corporation
“accounting corporation” means a company approved as an accounting corporation under section 20;
provide public accountancy services in Brunei Darussalam;
advertise or hold itself out or describe itself in any way to be an accounting corporation or to be authorised to provide public accountancy services in Brunei Darussalam; or
use in connection with its name, or with the name under which it carries on business, the words “Public Accounting
Corporation”, or any abbreviation or derivative thereof, or use at the end of such name the acronym “PAC”, or any combination of such words, abbreviation, derivative or acronym.
Accountants 62
A partnership or any other unincorporated body which is not approved as an accounting firm under this Act shall not —
accounting firm
“accounting firm” means a firm approved as an accounting firm under section 21;
provide public accountancy services in Brunei Darussalam;
or
advertise or hold itself out or describe itself in any way to be an accounting firm or to be authorised to provide public accountancy services in Brunei Darussalam.
A limited liability partnership which is not approved as an accounting Limited Liability Partnership under this Act shall not —
accounting limited liability partnership
“accounting limited liability partnership” means a limited liability partnership approved as an accounting limited liability partnership under section 22;
provide public accountancy services in Brunei Darussalam;
or
advertise or hold itself out or describe itself in any way to be an accounting Limited Liability Partnership or to be authorised to provide public accountancy services in Brunei Darussalam.
The Minister may, with the approval of His Majesty the Sultan and Yang Di-Pertuan, exempt any person from all or any of the provisions of subsections (1), (2), (3) and (4).
Any person who contravenes subsection (1), (2), (3) or (4) 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 second or subsequent conviction, to a fine not exceeding $10,000, imprisonment for a term not exceeding 2 years or both.
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;
public accountancy services
Defined · s 2“public accountancy services” means the audit and reporting on financial statements and the doing of such other acts that are required by any written law to be done by a public accountant;
public accountant
Defined · s 2“public accountant” means a person who is registered in accordance with this Act as a public accountant;