Section - 23 - Meaning of (practice)

    (1) For the purposes of this Act, a person shall be deemed to practise as an accountant if, in consideration of remuneration received or to be received, and whether by himself or in partnership with any other person, he,

    (a) engages himself in the practice of accountancy or holds himself out to the public as an accountant;

    (b) offers to perform or performs service involving the auditing or verification of financial transactions, books, accounts or records or the preparation, verification, or certification of financial accounting and related statements;

    (c) renders professional service or assistance in or about matters of principle or detail relating to accounting procedure or certification of financial facts or data; or

    (d) renders any other service which may be prescribed by the Institute by Regulations to be service constituting practice as an accountant.

    (2) A person who is a salaried employee of the Government or of any other employer shall not, by reason only that he does any act referred to in the preceding subsection in his capacity as such employee, be deemed to practise as an accountant.