Hong Kong Ordinances

PROFESSIONAL ACCOUNTANTS ORDINANCE - SECT 7

Objects of the Institute

(Past version on 30/06/1997).

The objects of the Institute shall be- (Amended 23 of 2004 s. 54)

   (a)  to maintain a register of certified public accountants, firms of
        certified public accountants (practising) and corporate practices;
        (Amended 85 of 1995 s. 3; 23 of 2004 ss. 7 & 54)

   (b)  to regulate the practice of the accountancy profession;

   (c)  to conduct examinations and act in such other manner as may be
        necessary to ascertain whether persons are qualified to be admitted to
        the register;

   (d)  to encourage the study of accountancy by accountants and students, and
        to give certificates, bursaries, scholarships and rewards on such
        terms and conditions as may be specified from time to time;

   (e)  to maintain a library and reading rooms for the use of accountants and
        students;

   (f)  to establish and assist in establishing and supporting associations,
        funds, trusts and schemes intended to benefit accountants or their
        dependents, and to grant pensions and allowances to any accountant or
        his dependents;

   (g)  to represent the views of the profession and to preserve and maintain
        its reputation, integrity and status; (Amended 23 of 2004 s. 7)

   (h)  to discourage dishonourable conduct and practices by certified 
        public accountants, and for this purpose to hold inquiries into the
        conduct of certified public accountants, firms and corporate practices
        referred to in paragraph (a); (Amended 85 of 1995 s. 3; 23 of 2004 ss.
        7 & 54)

   (i)  to provide for the settlement of disputes within the accountancy
        profession; (Amended 85 of 1995 s. 3)

   (j)  to take such action as the Institute considers necessary in any matter
        affecting the professional interests of the accountancy profession;
        (Amended 85 of 1995 s. 3; 23 of 2004 s. 54)

   (k)  to do all such other things as are incidental or conducive to the
        attainment of the above objects.