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Financial Reporting Act 2013

Miscellaneous provisions - Unqualified person must not hold out as qualified statutory accountant

53A: Offence to hold out as qualified statutory accountant

You could also call this:

"Don't pretend to be a qualified accountant if you're not, or you could get a big fine."

Illustration for Financial Reporting Act 2013

If a law says a qualified statutory accountant is needed for something, you must not say you are qualified if you are not. You have to be honest about whether you are a qualified statutory accountant or not. If you are not honest, you can get in trouble.

If you do not tell the truth, you can commit an offence and get a fine. The fine can be up to $50,000 if you are an individual. If you are a company, the fine can be up to $150,000.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6523392.

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Part 3Miscellaneous provisions
Unqualified person must not hold out as qualified statutory accountant

53AOffence to hold out as qualified statutory accountant

  1. If any enactment requires a qualified statutory accountant to act in respect of a matter, a person must not hold out that the person is qualified to act in respect of the matter if the person is not a qualified statutory accountant.

  2. A person who fails to comply with subsection (1) commits an offence and is liable on conviction to,—

  3. in the case of an individual, a fine not exceeding $50,000:
    1. in the case of a body corporate, a fine not exceeding $150,000.

      Notes
      • Section 53A: inserted, on , by section 15 of the Financial Reporting Amendment Act 2014 (2014 No 64).