PUBLIC ACCOUNTANCY ACT

ARRANGEMENT OF SECTIONS

PART I
Preliminary

   1   Short title

   2   Interpretation

 

PART II
Public Accountancy

   3   Establishment of Public Accountancy Board

   4   Functions of the Board

   5   Appointment of Registrar and other officers, agents and servant

   6   Funds of the Board

   7   Audit of accounts

   8   Annual reports and estimates

   9   Register of public accountants

   10   Application for registration as a public accountant

   11   Registration

   12   Qualifications for registration

   13   Striking off and suspension, etc

   14   Appeals to Court of Appeal

      Practising certificates

   15   Prohibitions affecting non-registered persons

 

PART III
Chartered Accountants

   16   Institute to be a corporation

   17   Transfer of assets and liabilities

   18   Objects of Institute

   19   Council of Institute

   20   By-laws

   21   Powers of Institute

   22   Qualifications for membership of Institute

   23   Register of members and register of students

   24   Use of designations and initials by members of Institute

   25   Prohibitions regarding use of designations and initials, etc, by unauthorised persons

 

PART IV
Miscellaneous

   26   Publication in Gazette of particulars relating to register of public accountants

   27   Evidential provisions

   28   Rules made by the Board

   29   Regulations made by the Minister

      SCHEDULES

 

THE PUBLIC ACCOUNTANCY ACT

[Date of Commencement: 6th July, 1970]

Acts
34 of 1968,
5 of 1975,
9 of 2004.

PART I
Preliminary (sections 1-2)

1   Short title

   This Act may be cited as the Public Accountancy Act.

2   Interpretation

   In this Act, unless the context otherwise requires-

   "Board" means the Public Accountancy Board established as provided in section 3;

   "Council" means the Council of the Institute;

   "existing organisation" has the meaning assigned to it by section 17;

   "Institute" means the Institute of Chartered Accountants of Jamaica;

   "practising certificate" means a certificate issued by the Board pursuant to section 14A;

[5/1975 s 2.]

   "prescribed" means prescribed by the regulations;

   "public officer" means any person holding, or appointed to act in, an office of emolument in the service of the Crown in a civil capacity in respect of the Government of Jamaica;

   "register" means the register of public accountants mentioned in section 9;

   "registered public accountant" means a person whose name is on the register, not being a person whose registration is for the time being suspended,

   "the regulations" means the regulations made by the Minister under this Act.

PART II
Public Accountancy (sections 3-15)

3   Establishment of Public Accountancy Board

   (1) There shall be established for the purposes of this Act a body to be called the Public Accountancy Board.

   (2) The provisions of the First Schedule shall have effect as to the constitution of the Board and otherwise in relation thereto.

4   Functions of the Board

   (1) The functions of the Board shall be, generally, to promote, in the public interest, acceptable standards of professional conduct among registered public accountants in Jamaica, and, in particular (but without prejudice to the generality of the foregoing) to perform the functions assigned to the Board by the other provisions of this Act.

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