Professional Accountants Ordinance

The Council may grant exemptions in whole or in part from the requirements of subsection
(1
)(
c
)(
i)
including exemption from the requirement of registration as a student of the Institute to a person who is a member of an accountancy body accepted by the Council by resolution approved by
two-
thirds of its members as being of a standard similar to that of the
Institute:
(Amended
23 of 2004 s. 18
)
Provided
that—
(a)
no exemption shall be granted to such a person in respect of any examinations prescribed under subsection
(1
)(
c
)(
i)
unless he has satisfied the Council that he has passed such examinations of that accountancy body as the Council considers to be of equivalent standard as the examinations for which exemption is granted; and
(Replaced
23 of 2004 s. 18
)
(b)
the acceptance of that accountancy body may be revoked by the Council by resolution approved by two-thirds of its members.
(Added
96 of 1994 s. 10
)