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Section 23B: Application for review before Review Panel

Financial Reporting Act

This section is inserted by Act No 9 of 2019, section 11.

consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

23B. Application for review before Review Panel (1) A licensed auditor who is aggrieved by the decision of the Council under section 23A – (a) may, within 21 days of the decision of Acts 2019 189 the Council, make an application to the Review Panel for a review of that decision, specifying the reasons thereof; and (b) shall, at the same time, forward a copy of his application by registered post to the Council. (2) Where a licensed auditor is unable to make an application within the period of 21 days, the Review Panel may, on good cause shown, accept to hear the application. (3) Notwithstanding an application under subsection (1)(a) but subject to subsection (4), the decision of the Council under section 23A shall be given effect immediately after the period of 21 days from the date of the decision. (4) The Review Panel may, after hearing the aggrieved party, suspend the implementation of the decision of the Council under subsection (3) on such terms and conditions as it may determine. (5) Where an application to review the decision of the Council is made to the Review Panel under this section, the review proceedings shall be dealt with in accordance with Sub-part F of Part IVB of the Financial Intelligence and Anti-Money Laundering Act, with such modifications and adaptations as may be necessary. (6) In this section – “Review Panel” means the Review Panel referred to in section 19Q of the Financial Intelligence and Anti-Money Laundering Act.

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