Office of the Auditor
General of the Union
www.oagmac.gov.mm

Duties & Powers

The duties and powers of the Council are as follows:

(a) opening, permitting to open, managing and supervising diploma accountant training courses, certified public accountant training courses, departmental training courses and other training courses, holding qualification tests, prescribing regulations related to training courses and examinations and awarding diploma and examination certificates;

(b) prescribing curriculums for diploma accountant training courses and certified public accountant training courses, departmental training courses and other training courses, revising as may be necessary and preparing textbooks related to subjects for such courses;

(c) laying down programme and regulations for practical training of Apprentice Accountant and continuous study of accounting;

(d) prescribing accounting standards, auditing standards, ethical standards, programme, guide, standards, manual, and quality control programme of Pratising Accountants be pratised; and arranging necessary training courses, issuing directives and publishing books to support textbooks for enabling to practise such stipulations;

(e) monitoring and checking whether or not the standards and programmes prescribed by the Council are observed and taking action in accord with the provisions of this law in case of failure;

(f) communicating with international accounting entities and entering into mutual agreements with international accounting entities with the permission of the Union Government;

(g) scrutinizing and recognizing local and foreign accounting certificates and degrees, and prescribing the requirements for the registration of citizens who hold such certificates or degrees;

(h) appointing a suitable person as the Registrar and prescribing his duties and responsibilities;

(i) assigning responsibilities to Certified Public Accountants (Passed) and Certified Public Accountants (Qualified) to participate in the activities of the Council to achieve the objectives of this Law and supervising their performance;

(j) prescribing the work experience and the term of service, procedures to be adopted and other requirements in terms of accounting fields and types of accounting for the issue of a prastising accounting certificate;

(k) forming committees and working groups with members of the Council; and suitable professional accountants as may be necessary to achieve the objectives of this Law and supervising them;

(l) issuing necessary guidelines for prastising accountants and collecting necessary data from them for the activities undertaken by this Law;

(m) permitting by scrutinizing the submission for the opening of private accounting training schools for the Diploma Accountant and Certified Public Accountant at standard levels in accord with prescribed curriculums and supervising, and inspecting such schools;

(n) granting honorarium and allowance to members of the Council, and committee members of the Council who are not civil service personnel;

(o) Advising requirements concerning accountancy and accounting of Government departments and business entities;

(p) taking action against Practising Accountants, Certified Public Accountant (Passed), Certified Public Accountant (Qualified), Apprentice Accountants and Accounting Technicians who are negligent of their duties, or who violate their code of professional ethics.