Page:Accountants Act 2004.pdf/10

10 (5) The Authority may, with the approval of the Minister, amend or vary the Schedule by order in the Gazette.

Functions and powers of Oversight Committee

5.—(1) The Oversight Committee shall assist the Authority in the discharge of the Authority’s functions under section 3 and, in so doing, shall—
 * (a) keep and maintain—
 * (i) a Register of Public Accountants;
 * (ii) a Register of Public Accounting Corporations;
 * (iii) a Register of Public Accounting Firms; and
 * (iv) such other registers as may be necessary for the purposes of this Act;
 * (b) consider and, as appropriate, grant (whether unconditionally or subject to such conditions as it thinks fit) or reject—
 * (i) all applications for registration made under Part III; and
 * (ii) all applications for approval under Part IV;
 * (c) assist the Authority in determining, prescribing and reviewing the requirements to be satisfied by persons seeking to be registered as public accountants under Part III;
 * (d) conduct or arrange for the conduct of such examinations as it thinks necessary for the purposes of registering public accountants;
 * (e) administer the continuing professional education programmes for public accountants;
 * (f) administer the practice monitoring programmes under Part V;
 * (g) assist the Authority in determining, prescribing and reviewing—
 * (i) the codes of professional conduct and ethics for public accountants; and