Regulatory Alerts2026-06-11
Added
Order on Interpretation of Accountant Act Articles 8 and 51 Regarding Membership in Provincial and Municipal Accountant Associations
The Financial Supervisory Commission issued an order interpreting Articles 8 and 51 of the Accountant Act to clarify membership requirements for accountants in provincial and municipal associations. The regulation mandates that accountants join the association where their firm is located, with specific transition rules for municipalities reorganized under the Local System Act, requiring new members to join within one year of an association's establishment. This order supersedes a previous directive from December 2010 and takes effect immediately.
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