Page:Accountants Act 2004.pdf/46

and 228 of the Penal Code (Cap. 224), “judicial proceeding” shall be deemed to include such a formal inquiry.

Suspension, cancellation of registration, etc., of public accountants

52.—(1) If, at the conclusion of the formal inquiry, the Disciplinary Committee is satisfied that the public accountant—

(a) has been convicted in Singapore or elsewhere of any offence involving fraud or dishonesty or moral turpitude;

(b) has been convicted in Singapore or elsewhere of any offence implying a defect in character which makes him unfit for his profession;

(c) has been guilty of such improper or dishonourable conduct in the discharge of his professional duty or such improper or dishonourable conduct which, in the opinion of the Disciplinary Committee, renders him unfit to be a public accountant or would bring the profession of public accountancy into disrepute;

(d) has carried on by himself or by any of his employees any trade, business or calling that detracts from the profession of public accountancy or is in any way incompatible with it, or is employed in any such trade, business or calling;

(e) has, while being a director of an accounting corporation, failed to take reasonable steps to prevent the accounting corporation from acting in a manner which would warrant the Disciplinary Committee imposing any order on the accounting corporation under section 53(2);

(f) has rendered public accountancy services as, or purporting to be, a director of a company which is not an accounting corporation when the service was rendered;

(g) has, while being a director of an accounting corporation, practised public accountancy at such a time when the accounting corporation was not covered by any professional indemnity insurance or was not so covered to the extent required by section 28; or

(h) has, while being a director of an accounting corporation, failed to comply with section 29(4),