Section 7 — ACCOUNTANTS ACT 1967

(a)

the regulation of the practice of the profession of accountancy in Malaysia;

(b)

the admission of members, the fees payable by members on admission and the manner in which a person shall cease to be a member;

(c)

the qualifications of persons for admission as members;

(d)

the training or education of candidates for admission as members and the fees payable therefor;

(e)

the practical experience required for registration as chartered accountants and the authority of the Council or any Committee thereof to approve places of employment in which the practical experience may be obtained;

(f)

the classification from time to time of members;

(g)

the election, appointment, resignation and removal of members of the Council;

(h)

subject to subsection 8(2), the election, appointment, resignation and removal of the President and the

Vice-President of the Institute;

(i)

subject to section 31, the holding of meetings of the Council and of the Institute;

(j)

subject to section 31, the manner of voting at any meeting of the Council or of the Institute;

(k)

the procedure of the Investigation Committee and the

Disciplinary Committee and the procedure relating to any complaint to any such Committee;

(ka) the procedure of the Disciplinary Appeal Board;

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(l)

the publication in the Gazette, newspapers and elsewhere of proceedings and findings of the Disciplinary Committee and the Disciplinary Appeal Board;

(m)

the use and custody of the common seal of the Institute;

(n)

the custody, investment and expenditure of the funds and property of the Institute;

(o)

the regulation and administration of the Institute in all matters within its powers;

(p)

the provision relating to admission of associate members, and conferring of privileges on such members as the

Institute may think proper, not inconsistent with this Act;

(pa) the approval, regulation and supervision of the Malaysian

Institute of Accountants Qualifying Examination;

(q)

such other matters as are required to be prescribed.

(2)

Rules made under subsection (1) shall require the approval of the Minister and shall be published in the Gazette.