Section 71
Regulations
(1)
The Minister may, with the approval of His Majesty the Sultan and Yang Di-Pertuan, make regulations which are necessary or expedient for giving effect to and carrying out the provisions of this Act and for the due administration thereof.
(2)
Without prejudice to the generality of subsection (1), the Minister may make regulations —
(a)
to provide for the manner in which applications for registration or approval may be made under this Act;
(b)
to prescribe the fees payable for the purposes of this Act;
(c)
to prescribe the qualifications and other requirements for the registration of public accountants under this Act;
(d)
to provide for the classification of public accountants;
(e)
to prescribe the standards, methods, procedures and other requirements to be applied by public accountants when providing public accountancy services;
(f)
to prescribe the code of professional conduct and ethics of public accountants, accounting corporations, accounting firms and accounting Limited Liability Partnerships;
(g)
to provide for matters relating to the discipline of public accountants;
(h)
to impose restrictions on persons or classes of persons who may become officers of an accounting corporation, accounting firm or accounting Limited Liability Partnership;
(i)
to provide for the exemption of any persons or classes of persons from any provision of Part 4 or 5;
(j)
to prescribe the offences which may be compounded and the method and procedure thereof; and
(k)
to prescribe anything required to be or which may be prescribed under this Act.
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(3)
In making rules for the purposes of subsection (2)(e) and (f), the
Minister may adopt any standard, method, procedure or code of professional conduct or ethics issued or applied by any professional accountancy body or organisation, whether in Brunei Darussalam or elsewhere.