Professional Accountants Ordinance

(1)
The Council may, in connection with the discharge of any of its functions or duties or the exercise of any of its powers, give directions either generally to certified public accountants or to any one or more certified public
accountants—
(a)
requiring the production or provision to the Institute by a certified
                    public accountant of any document or information in connection with the
                    registration of any certified public
                    accountant;
(b)
requiring a certified public accountant to deliver up to the Institute any
                    certificate of registration
                    in the
                    possession, custody or control of the certified public accountant if the
                    registration to which the certificate relates has ceased to be valid.
(Amended
41 of 2021 s. 115
)
(c)
(Repealed
41 of 2021 s. 115
)
(1A)
(Repealed
41 of 2021 s. 115
)
(2)
A direction given under this section shall be a direction lawfully given by the
                Council for the
                purposes of
sections 3B(1
)(
f
)(
i)
and
4(2
)(
a
)(
vi)
,
(3
)(
b)
,
(4
)(
b)
and
(5
)(
g)
of the AFRC Ordinance.
(Amended
41 of 2021 s. 115
)
(3)
The Council may prescribe penalties of an amount not exceeding $50,000 to be imposed for failure by a certified public accountant to comply with a direction given to him but no penalty shall be imposed on a certified public accountant unless he admits to the failure and agrees to the penalty and any penalty so imposed may be recovered by the Institute from the certified public accountant as a civil debt.
(4)
(Repealed
41 of 2021 s. 115
)