Page:Accountants Act 2004.pdf/50

50 :(a) by order revoke the approval granted to the accounting corporation or accounting firm under Part IV;
 * (b) by order suspend the accounting corporation or accounting firm from providing public accountancy services for such period not exceeding 2 years as may be specified in the order;
 * (c) by order impose such conditions as are necessary to restrict the provision of public accountancy services by the accounting corporation or accounting firm in such manner as the Oversight Committee thinks fit for a period not exceeding 2 years;
 * (d) by order impose on the accounting corporation or accounting firm a penalty not exceeding $100,000;
 * (e) by writing censure the accounting corporation or accounting firm;
 * (f) by order require the accounting corporation or accounting firm to give such undertaking as the Disciplinary Committee thinks fit; or
 * (g) make such other order as it thinks just and expedient in the circumstances of the case.

(3) In addition to its powers under subsection (2), the Oversight Committee may order the accounting corporation or accounting firm concerned to pay to the Authority such sums as it thinks fit in respect of costs and expenses of and incidental to any proceedings against the accounting corporation or accounting firm under this Part and the High Court shall have jurisdiction to tax such costs and any such order for costs shall be enforceable as if it were ordered in connection with a civil action in the High Court.

(4) Where an accounting corporation or accounting firm in respect of which an order referred to in subsection (2)(c), (d) or (f) has been made fails to comply with any of the requirements imposed on it by the order or breaches any undertaking given by it pursuant to such order, the Oversight Committee may, if it thinks fit—
 * (a) by order revoke the approval granted to the accounting corporation or accounting firm under Part IV; or