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Fiji Institute of Accountants does not have auditors, just members

February 5, 2016

NFP’s lawyers Munro Leys has written to the Registrar of Political Parties, Mohammed Saneem, saying that the Fiji Institute of Accountants does not bestow the title of ‘auditor’ to its members.

Saneem has suspended the NFP because he says they breached the Political Parties Decree by not getting their accounts audited by ‘an auditor certified by the Fiji Institute of Accountants’.

Lawyer Richard Naidu says:

“We assume you have now worked out that there is no such thing as an auditor certified by the Fiji Institute of Accountants. The Institute does not certify “auditors”. It certifies “members” who are either provisional, licensed, affiliate or chartered accountants, certain of whom (we call them “CPPs” for short) must hold certificates of public practice.

“The (meaningless) reference to an auditor certified…[etc] in the Decree does not mean that only a CPP may audit the accounts of a political party. NFP argues that a member of APNR Partners, NFP’s auditors, holds an Institute-issued copy of a certificate saying he is a chartered accountant. Your interpretation of the phrase is no more or less correct than NFP’s.”

Naidu has asked Saneem to withdraw the suspension.

Source – C4,5; Posted by Mere Varani for SWM
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