Samoa Institute of Accountants

Details: Category: Legislations and Policies; 05.Jul; Hits: 4791

THE SAMOA INSTITUTE OF ACCOUNTANTS
RULES 2008

THE RULES to consolidate and amend the Rules 1995 and its amendments and continue
to make provisions to govern membership, discipline, and other matters.

ARRANGEMENT OF RULES Preliminary The Council Committees	Rule No 1 - 2 3 - 20 21- 22
Proceedings and Powers of the Council	23	- 29
Register of Members	33	- 38
Common Seal	39	- 40
Members	46	- 59
Certificate of Public Practice	60	- 67
Temporary Certificate of Public Practice issued to non-members	68	- 69
Fundamental Rules	70
Suspension of members and disciplinary procedures	71	- 81
Practical Experience	82	- 83
Practice Review	84	- 87
Meetings	88	- 102
Audit	103	-108
Indemnity of Officers	109	-110
Interpretation and Alteration of Rules	111	-112
Examination Rules

Pursuant to section 7 of the Samoa Institute of Accountants Act 2006, the Institute at its special general meeting held on 7 March 2008 hereby approved the following rules.

Short title and commencement - These Rules may be cited as the Samoa Institute
Interpretation — (1) In these Rules, unless the context otherwise requires —
The President
Vice-President
The Treasurer
The Secretary; and
Three other councilors
No person shall be capable of holding office under subsection Member of Parliament or an Accounting Technician referred to under rule 47(b) and is not suspended under the Rules.
Every member of Council, unless he sooner vacates his Office, shall hold Office until the next Annual General Meeting following the one at which he is elected to Office, and may from time to time be re-elected.
1. If the candidates validly nominated are not more in number than the vacancies for Council, the persons so nominated shall as from the next Annual General Meeting be deemed to be duly elected members of the Council. If the number of persons nominated is less than the number of vacancies, then the Annual General Meeting shall nominate the remaining vacancies but those nominated shall give their endorsement.
2. If the candidates validly nominated for Council before the Annual General Meeting or if the number nominated by the Annual General Meeting, are more in number than the vacancies, there shall be an election and it shall be conducted by means of voting papers as hereinafter provided.
3. If an election is necessary, the procedure shall be as follows:
  1. The Council shall, from members of the Institute other than the candidates, forthwith appoint two independent scrutineers of whom not more than one may be a member
  2. If by death or refusal or incapacity to act the number of scrutineers be reduced below two, a member to fill each vacancy shall be forthwith appointed by the Council.

`The Act" means the Samoa Institute of Accountants Act 2006 and include any amendments thereof.

"Accounting Technician" means a member of the Institute, who under the rules of the Institute is entitled to use the designation "Accounting Technician".

"Appeals Council" means the Appeals Council constituted under these rules.

"Certificate of Public Practice" means a certificate issued by the Council in accordance with the Rules of the Institute

"Institute" means the Samoa Institute of Accountants constituted under the Samoa Institute of Accountants Act 2006.

"Membership Committee" means the Membership Committee constituted under these Rules.

"Member" or "Member of the Institute" means a person admitted as a member of the Institute and, for the purpose of disciplining members of the Institute, includes any person holding a temporary certificate of public practice issued under these Rules.

"Overseas List" in relation to members of the Institute, means a list of members who are ordinarily resident beyond Samoa that is prepared in accordance with Rule 29

"Prescribed" means prescribed by the Council.

"Professional Conduct Committee" means the Professional Conduct Committee constituted under these Rules.

"Public Accountant" means a member of the Institute, who under the rules of the Institute is entitled to use the designation "public accountant".

"Public Accountant in Public Practice" means a public accountant who is for the time being the holder of a certificate of public practice.

"Register" in relation to the Institute means the appropriate registers of members to be kept in accordance with the Rules.

"Resident" means a citizen of Samoa, or a permanent resident as defined under the Immigration Act 1966

"Secretary" means the Secretary to the Institute; and includes any officer for the time being performing the duties of Secretary.

"Temporary Certificate of Public Practice" means a certificate issued by the Council to non-members in accordance with the Rules of the Institute.

(2) Words importing the masculine gender include females. Words importing the

singular number include the plural number and words importing the plural number include the singular number.

COUNCIL

The Council 3. (1). There shall be a Council of the Institute which shall consist of

the following councilors, who shall be the officers of the Institute:-

Nomination

of candidates for Council

4. No member including a retiring member of Council shall be qualified to be elected a member of the Council unless a nomination paper in the form prescribed by the Council is lodged with the Secretary 7 days before the Annual General Meeting. The nomination paper shall be signed by two Public Accountants or any other combination of members which equates to not less than 2 full votes and by the person proposed for election consenting to nomination.

The candidate being nominated must be present at the AGM.

Download the Rest of the Rules Here