Section 37
Liability Partnerships
(1)
The Registrar shall remove from the Register of Public
Accounting Corporations the name and relevant particulars of any accounting corporation if —
(a)
the accounting corporation has been wound up;
(b)
the approval of the accounting corporation under this Part has been revoked under Part 7; or
(c)
the accounting corporation has applied for its approval under this Part to be revoked.
(2)
The Registrar shall remove from the Register of Public
Accounting Firms the name and relevant particulars of any accounting firm if —
(a)
the accounting firm has been dissolved;
(b)
the approval of the accounting firm under this Part has been revoked under Part 7; or
(c)
the accounting firm has applied for its approval under this
Part to be revoked.
(3)
The Registrar shall remove from the Register of Public
Accounting Limited Liability Partnerships the name and relevant particulars of any accounting Limited Liability Partnership if —
(a)
the accounting Limited Liability Partnership has been dissolved;
(b)
the approval of the accounting Limited Liability Partnership under this Part has been revoked under Part 7; or
(c)
the accounting Limited Liability Partnership has applied for its approval under this Part to be revoked.
(4)
The Authority shall not grant an application by an accounting corporation, an accounting firm or an accounting Limited Liability
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Partnership for the revocation of its approval under subsection (1)(c), (2)(c)
or (3), as the case may be, if —
(a)
he has received any complaint or information under Part 7
against the accounting corporation, accounting firm or accounting
Limited Liability Partnership or any public accountant practising therein;
(b)
disciplinary proceedings under Part 7 are pending against the accounting corporation, accounting firm or accounting Limited
Liability Partnership or any public accountant practising therein; or
(c)
the conduct of business of the accounting corporation, accounting firm or accounting Limited Liability Partnership is the subject of an inquiry or investigation by the Oversight Committee or a
Disciplinary Committee under Part 7.
(5)
The Authority may also revoke its approval of an accounting corporation or an accounting firm and order the removal of its name and relevant particulars from the appropriate Register if he is satisfied that —
(a)
the approval of the accounting corporation, accounting firm or accounting Limited Liability Partnership under this Part was obtained by fraud or misrepresentation;
(b)
the accounting corporation, the sole proprietor or any partner of the accounting firm, or any partner of the accounting Limited
Liability Partnership, as the case may be, has made an arrangement with its or his creditors;
(c)
the accounting corporation, accounting firm or accounting
Limited Liability Partnership has ceased to provide public accountancy services in Brunei Darussalam; or
(d)
the accounting corporation, accounting firm or accounting
Limited Liability Partnership is no longer in a position to provide public accountancy services effectively.
(6)
The Authority shall, before exercising his powers under subsection (5), notify the accounting corporation, accounting firm or accounting Limited Liability Partnership concerned of its intention to take such action and shall give the accounting corporation, accounting firm or accounting Limited Liability Partnership an opportunity to submit reasons,
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within such period as the Authority may determine, as to why its approval under this Part should not be revoked.
(7)
Any person who is aggrieved by an order under subsection (5)
may, within 30 days of being notified of the order, appeal to the Minister whose decision is final.