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Fiji Institute of Chartered Accountants Act 2021

The Revised Fiji Institute of Chartered Accountants (FICA) Act 2021 was passed by the Parliament of Fiji on early December 2021. The Act came into effective on 24 June 2022 along with the revised FICA Regulations (former known as Rules). 

Please click here to view the Act Fiji Institute of Chartered Accountants Act (2021) 

This is an Act of Parliament and, despite the fact that the Fiji Institute of Accountants is largely a self-regulating body, it does not have the authority or the power to change provisions of the Act. It can make recommendations, but that is the limit of its powers.

The objcetives of this Act are set out in section 3 of the Act, as follows:

(a) continue the Fiji Institute of Accountants established under the Fiji Institute of Accountants Act 1971 as the Fiji Institute of Chartered Accountants
 
(b) provide for the registration of accountants; and 

(c) regulate the practice of accountancy in Fiji 

Background
The Fiji Institute of Accountants Act was first introduced as an Act in 1971, as Act No: 43 of 1971, and was brought into force on 11th February 1972. Since its introduction, it has been amended twice: once in 1982 by Act No 9 of 1982 and once in 1997 by Act No 12 of 1997. 

Please click on the link https://www.laws.gov.fj/Acts/DisplayAct/780# to view the old FIA Act.