Page:Accountants Act 2004.pdf/51

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ACCOUNTANTS
51
(b) by order suspend the accounting corporation or accounting firm from providing public accountancy services for such period not exceeding 12 months as may be specified in the order.

(5) Where the Oversight Committee has made an order referred to in subsection (2)(c), the Oversight Committee may, if it thinks fit having regard to any change in circumstances, by another order revoke the original order or revoke or vary any of the conditions imposed by the original order.

(6) Where the Oversight Committee has, under subsection (5), varied the conditions imposed by an order referred to in subsection (2)(c), the Registrar shall immediately serve on the accounting corporation or accounting firm concerned a notice of the variation.

(7) Any penalty referred to in subsection (2)(d) shall be recoverable as a debt due to the Authority from the accounting corporation or accounting firm concerned.

(8) A decision by the Oversight Committee under subsection (2), (3), (4) or (5) shall not take effect—

(a) until the expiration of one month from the date on which the decision has been communicated to the accounting corporation or accounting firm concerned; or
(b) where an appeal against the decision is made to the High Court under section 54, until the appeal has been determined or withdrawn.

(9) While any accounting corporation or accounting firm remains suspended from providing public accountancy services, it shall be deemed not to be approved as an accounting corporation or accounting firm under this Act but immediately upon the expiry of the period of suspension, its rights and privileges as an accounting corporation or accounting firm shall immediately be revived.

Appeal against disciplinary orders of Oversight Committee

54.—(1) Any public accountant, accounting corporation or accounting firm who or which is aggrieved with any decision made by the Oversight Committee under section 52 or 53 may appeal to the High Court within a period of 30 days (or such further period as the Oversight Committee may allow on application in any particular case) after the service of the

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