Official Notices
16 notices published
ACRA Overview: Singapore's Regulator for Business and Accountancy
ACRA is Singapore's key regulator for business registration, financial reporting, public accountants, and corporate service providers. Established in 2004 and merged in 2023, it administers major business laws and fosters a trusted environment for innovation and growth. Its responsibilities include setting accounting standards and developing the accountancy sector.
ACRA Promotes Accountancy as Rewarding Career with Growth Opportunities
ACRA highlights accountancy as a dynamic, rewarding career essential for business integrity and public interest. It emphasizes progression in emerging fields like sustainability reporting and IT audit. Students and professionals are encouraged to pursue qualifications such as the Singapore Chartered Accountant Qualification (SCAQ).
ACRA Financial Reporting Practice Guidance for FY2025 Statements
ACRA's resource page details directors' duties, the Financial Reporting Surveillance Programme, and relief applications for financial statements. It provides downloadable Practice Guidance No. 1 of 2025 focusing on review areas for FY2025, plus prior years' documents from 2024 to 2012. Businesses should consult these to ensure compliant financial reporting.
ACRA ASC Updates: New SFRS(I) and FRS for 2026 Reporting Periods
ACRA's Accounting Standards Committee (ASC) has published collections of SFRS(I)s and FRSs applicable for annual periods starting 1 January 2026. Recent amendments address disclosures on uncertainties and subsidiaries without public accountability. Businesses should note upcoming consultations and leadership changes in ASC.
ACRA Aligns AGM and AR Timelines to FYE from 31 Aug 2018
ACRA has aligned timelines for holding Annual General Meetings (AGMs) and filing Annual Returns (ARs) to companies' Financial Year Ends (FYE) effective for FYE on or after 31 August 2018, reducing regulatory burden. Listed companies must hold AGMs within 4 months and others within 6 months post-FYE. AR filing deadlines are also tied to FYE, with safeguards on FYE changes to prevent arbitrary adjustments.
ACRAConnect Nov/Dec 2025: CSP Panel, SCAQ Enhancements & Law Amendments
ACRA's Nov/Dec 2025 newsletter announces the CSP Advisory Panel to boost industry partnerships, key findings from the Accounting Entities Survey with SCAQ enhancements, and the passage of the Corporate and Accounting Laws Amendment Bill. It details enforcement actions against Companies Act violations and new financial reporting guidance. Businesses should review these for compliance updates.
ACRA Appoints New Chairperson-Designate and Member to Accounting Standards Committee
ACRA has appointed Mr. Cheung Pui Yuen as Chairperson-Designate of the Accounting Standards Committee (ASC) from 1 November 2025, transitioning to Chairperson from 1 April 2026. Mr. Kee Rui Xiong joins as a new member effective the same date. The updated ASC composition is detailed in Annex A.
ACRA Fines Three RQIs $105,500 for False Declarations and Consent Failures
ACRA convicted three registered qualified individuals (RQIs) of Corporate Service Providers (CSPs), fining them a total of $105,500 for offences under the Companies Act 1967. Violations included false declarations on director consents, registrable controllers, and annual returns. The individuals face a five-year disqualification from directorships and company management.
ACRA's Corporate Laws Amendment Bill: Preventing Misuse and Protecting Shareholders
The Corporate and Accounting Laws (Amendment) Bill aims to tighten rules against company misuse, safeguard shareholders, strengthen regulations, reduce burdens, and enhance accountant oversight. Key changes include explicit grounds for refusing restoration of risky struck-off entities and a two-tier approval for selective off-market share purchases. These amendments apply to the Companies Act, LLP Act, and Accountants Act.
ACRA: 2026 Public Accountant Certificate Renewal via Bizfile from Dec 2025
ACRA requires public accountants to renew their 2026 certificate of registration via Bizfile from 1 December 2025, meeting CPE requirements and other criteria. Key obligations include 120 CPE hours over 2023-2025, with specific structured learning in core areas, and fees starting at $750. Late submissions face extensions, removal, or reinstatement processes.