Accountancy Profession Act (Cap. 281), article 4

4. (1) A warrant to practise the profession of accountant shall be issued by the Board to any person who satisfies the requirem ents of article 3(2). (2) A person holding a warrant issued in terms of this article may in addition hold one or more certificates issued by the Boa rd (hereinafter in this Act also referred to as "a practising cert ificate") to practise in such fields of the profession of accountant, inc luding auditing, as may be prescribed in directives issued by the Board under this Act and may not practise in such fields unless he ho lds the relative certificate. (3) The Board shall issue a practicing certificate to practise i n the field of auditing in Malta to an individual of good repute who is an approved auditor in any Member State provided that such individual has, to the satisfaction of the Board, passed an aptitude test, covering the local laws and regulations relevant to audit ing, set by the Board for this purpose. (4) Where a practicing certificate in the field of auditing is withdrawn for any reason, the Board shall communicate that fact and the reasons for the withdrawal to the relevant competent authorities of the Member States where the auditor is also registered. (5) The Minister acting on the recommendation of the Board may make regulations prescribing the qualifications required fo r the issue of certificates in terms of subarticles (2), (3) and (6) as well as to regulate their suspension, withdrawal or the taking of any other regulatory measures which may be reasonably necessary to protect the public interest. (6) Subject to reciprocity and subject to such directives as may be prescribed by the Board under this Act, the Board may issue a practising certificate to practice in the field of auditing to a third- country auditor if it is satisfied that such individual is in p ossession of the qualifications set out in article 3(2), has passed an ap titude test set by the Board in accordance with subarticle (3) and sat isfies any other conditions which may be prescribed in regulations made by the Minister under this Act. Designation of warrant holders. Amended by: XVI. 1991.4; II. 2003.27. Substituted by: XIV . 2003.4. Amended by: L.N. 423 of 2007; IX. 2008.50.