Section 15
Membership as chartered accountants
An applicant shall, before admission as a chartered accountant, satisfy the Council that—
(a)
he has passed any of the final examinations specified in
Part I of the First Schedule and has not less than three years’
practical accounting experience in the service of a chartered accountant or in a Government department, bank, insurance company, local authority or other commercial, financial, industrial or professional organization or other undertaking approved by the Council;
(b)
he is a member of any of the recognized bodies specified in
Part II of the First Schedule;
(c)
he is eligible to sit for and has passed the Malaysian
Institute of Accountants Qualifying Examination and has not less than three years’ practical accounting experience in the service of a chartered accountant or in a Government
Accountants 19
department, bank, insurance company, local authority or other commercial, financial, industrial or professional organization or other undertaking approved by the Council;
or
(d)
he has authority under subsections 8(2) and (6) of the
*Companies Act 1965 [Act 125] to act as a company auditor without limitation or conditions.