Section 30
Professional misconduct
(1)
An act of a public accountant may constitute improper or dishonourable conduct in the discharge of his professional duty even though it is only done or occurs while the public accountant provides public accountancy services through an accounting corporation, an accounting firm or an accounting Limited Liability Partnership.
(2)
The directors of an accounting corporation or the partners of an accounting firm or of an accounting Limited Liability Partnership who are public accountants shall be jointly liable to disciplinary proceedings under this Act if the business of the accounting corporation, accounting firm or accounting Limited Liability Partnership is conducted in a manner which would warrant disciplinary proceedings against it and where such conduct cannot be attributed to the act of any particular public accountant or public accountants.
Requirements relating to memorandum and articles of association and annual reports of accounting corporations 31.
(1)
The memorandum and articles of association of an accounting corporation shall at all times comply with all the requirements specified in section 20(3)(a) and (c) and the rules relating thereto.
(2)
An accounting corporation shall, within 30 days of the occurrence of —
(a)
any amendment to its memorandum or articles of association;
(b)
any change in the composition of its board of directors who are public accountants;
(c)
any change in the proportion of its voting shares owned by corporate practitioners; or
(d)
any change in the number of its corporate practitioners, furnish the Registrar with a report in writing giving full particulars of the amendment or change.
Accountants 32
(3)
In addition to the requirements of subsection (2), every accounting corporation shall in every year, not later than a date specified by the
Authority, send to the Registrar an annual report relating to the accounting corporation in such form as the Authority may require.