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Accountants Order, 2010

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The Ministry of Finance announces that His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam has consented to the enforcement of the Accountants Order 2010, with effect from the 1st of November 2012. The main aim of the introduction of the Order is to supervise the practice and profession in the Accounting Service Sector by public accountants in the country, and to ensure that public accountants obey the standards and any procedurals requirements specified in the interest of the public.

 

The step was taken in upholding the Titah of consent by His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam, who had also consented for the establishment of a committee, that is the Public Accountants Oversight Committee, PAOC, which will be responsible for overseeing public accountants including giving the approval for the establishment of accounting companies or firms, supervising accounting practices and services delivered by accounting companies or firms and administrative affairs related to the Accountants Order 2010.