s 4 Appointment of Accounting Standards Committee
4.—(1) For the discharge of its functions under section 3, the Authority may, with the approval of the Minister, appoint from among its members or from among other persons a committee to be known as the Accounting Standards Committee. (2) The Committee consists of the following members:(a) the Chairperson; (b) at least 10 but not more than 15 other members. (3) A person must not be appointed as a member of the Committee unless the person’s knowledge of, or experience in, business, accounting, law or government or other relevant fields qualifies the person for the appointment. (4) The Committee must carry out the functions and duties conferred on it by this Act in accordance with any general or special directions that the Authority may give to the Committee. (5) The Chairperson and other members of the Committee —(a) each holds office for such period and on such terms and conditions as the Authority may, with the approval of the Minister, determine; and (b) are eligible for re-appointment. (6) The Authority may, with the approval of the Minister, appoint any member of the Committee to be a temporary Chairperson during the temporary incapacity from illness or otherwise, or during the temporary absence from Singapore, of the Chairperson. (7) The Authority may, with the approval of the Minister, revoke the appointment of the Chairperson or any other member of the Committee if the Authority considers the revocation necessary in the interest of the effective performance of the functions of the Committee under this Act or in the public interest. (8) A member of the Committee may resign from the member’s office at any time by giving at least one month’s notice in writing to the Authority. (9) If any vacancy occurs in the membership of the Committee, the Authority may, with the approval of the Minister and subject to subsections (2) and (3), appoint a person to fill the vacancy.[Act 36 of 2022 wef 01/04/2023]