Cap. 281 Art. 9Approved accountancy body.

(1) The Board may recognize any local association of accountants as an approved accountancy body for the purposes of this Act if the Board is satisfied, among such other matters as may be prescribed, that the educational and professional qualifications demanded by such association for associate membership thereof conform to currently accepted standards and that such membership is open to all persons having such qualifications.

(2) Such recognition shall be subject to such conditions as the Board may, in granting recognition, impose or as may from time to time be prescribed; and if at any time any of the conditions aforesaid, or any of the provisions contained in or prescribed under the next following subarticle, is not observed or fulfilled, or there is a material change in the circumstances under which the recognition was granted, the Board may suspend or withdraw the recognition.

(3) An approved accountancy body shall keep a register of its associate members and shall enter therein the names of all persons who qualify for such membership. The said register shall be kept in such manner as may be prescribed.