Practising Certificate ("PC")
Under the PAO, only members of the Institute are eligible to apply for a PC from the Institute. As such, you must pay both member and PC annual fees, and file the CPD and PC declarations via the member and practising certificate annual return before you can complete the PC renewal procedures.
Q2. | I am the sole proprietor of a firm/corporate practice and will not practise in my own name. Can I cancel my PC? |
No. You must be a PC holder, i.e. continue to renew your PC, before you are eligible to register as a sole proprietor or a practising partner/director of a CPA practice.
Q3. | I have not signed any audit report in this year. Am I eligible to renew my PC for next calendar year? |
Q5. | I have paid and filed annual return. When will I receive my PC certificate for next calendar year? |
Q6. | I will not renew my PC after it expires on 31 December. What should I do to renew my membership registration? |
You may indicate in the "Annual Return for Membership and Practising Certificate Renewal" that you will not renew your PC, and complete and submit to the Institute other parts of the Annual Return together with payment of your member annual fee.
As an alternative, you may send a duly signed written notice to the Institute's Membership and Admission Department for processing.