Laws-6976.04

1 Short Title and Commencement. 2 Definitions. 3 Classes of companies and bodies corporate governed by the Authority 4 Functions and duties of the Authority 5 Annual return 6 Recommending accounting standards and auditing standards 7 Monitoring and enforcing compliance with accounting standards 8 Monitoring and enforcing compliance with auditing standards 9 Overseeing the quality of service and suggesting measures for improvement 10 Power to investigate 11. Disciplinary proceedings 12 Manner of enforcement of orders passed in disciplinary proceedings. 13 Punishment in case of non-compliance 14 Role of chairperson and full-time members. 15 Advisory committees, study groups and task forces 16 Financial reporting advocacy and education 17 Confidentiality and security of information 18 Avoidance of conflict of interest 19 International associations and international assistance Annexure