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Objects.
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8.—(1) The principal objects of the Supervisory Authority, which are to be included in its memorandum of association, are—
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(a) to supervise how the prescribed accountancy bodies regulate and monitor their members,
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(b) to promote adherence to high professional standards in the auditing and accountancy profession,
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(c) to monitor whether the accounts of certain classes of companies and other undertakings comply with the Companies Acts, and
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(d) to act as a specialist source of advice to the Minister on auditing and accounting matters.
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(2) This section does not prevent or restrict the inclusion in the memorandum of association of all objects and powers, consistent with this Act, that are reasonable, necessary or proper for, or incidental or ancillary to, the due attainment of the principal objects of the Supervisory Authority.
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