Question

What is Section 20(4) of the public Accountants' and Auditors Act

Answer 1

Section 20(4) of the Public Accountants' and Auditors Act refers to the powers of the Professional Conduct Committee (PCC) in relation to disciplinary matters. This section states that the PCC may conduct investigations and inquiries into any alleged breaches of professional conduct by public accountants and auditors. The PCC has the authority to compel the attendance of witnesses, examine them under oath, and request the production of documents or other evidence relevant to the investigation. If the PCC finds that a public accountant or auditor has breached professional conduct standards, they have the power to impose disciplinary measures, such as fines, suspensions, or revocations of professional licenses.