the Disciplinary Committee shall report its findings to the Oversight Committee and recommend to the Oversight Committee to take any of the actions referred to in subsection (2)(a) to (f).
(2) Upon receiving the report and recommendation of the Disciplinary Committee under subsection (1), the Oversight Committee may—
- (a) by order cancel the registration of the public accountant;
- (b) by order suspend the public accountant from practice for such period not exceeding 2 years as may be specified in the order;
- (c) by order impose such conditions as are necessary to restrict the practice of the public accountant in such manner as the Oversight Committee thinks fit for a period not exceeding 2 years;
- (d) by order impose on the public accountant a penalty not exceeding $10,000;
- (e) by writing censure the public accountant;
- (f) by order require the public accountant to give such undertaking as the Oversight Committee thinks fit; or
- (g) make such other order as it thinks just and expedient in the circumstances of the case.
(3) In addition to its powers under subsection (2), the Oversight Committee may order the public accountant concerned to pay to the Authority such sums as it thinks fit in respect of costs and expenses of and incidental to any proceedings against him under this Part and the High Court shall have jurisdiction to tax such costs and any such order for costs shall be enforceable as if it were ordered in connection with a civil action in the High Court.
(4) Where a public accountant in respect of whom an order referred to in subsection (2)(c), (d) or (f) has been made fails to comply with any of the requirements imposed on him by the order or breaches any undertaking given by him pursuant to such order, the Oversight Committee may, if it thinks fit, order—
- (a) that his name be removed from the Register of Public Accountants; or
- (b) that he be suspended from practice for such period not exceeding 12 months as may be specified in the order.
