Accounting and Corporate Regulatory Authority

Accounting and Corporate Regulatory Authority
Agency overview
Formed1 April 2004; 20 years ago (2004-04-01)
Preceding agencies
  • Registry of Companies and Businesses
  • Public Accountants’ Board
JurisdictionGovernment of Singapore
Headquarters55 Newton Road, #03-02 Revenue House, Singapore 307987
Agency executives
  • Ong Chong Tee, Chairman[1]
  • Ong Khiaw Hong, Chief Executive[2]
Parent agencyMinistry of Finance
Websitewww.acra.gov.sg
Agency IDT08GB0001G

The Accounting and Corporate Regulatory Authority (ACRA) is a statutory board under the Ministry of Finance of the Government of Singapore. ACRA is the regulator of business registration, financial reporting, public accountants and corporate service providers. ACRA is also responsible for developing the accountancy sector and setting the accounting standards for companies, charities co-operative societies, and societies in Singapore.

History

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ACRA was formed on 1 April 2004 by the Accounting and Corporate Regulatory Act, which resulted in the merger of the then Registry of Companies and Businesses (RCB), and the Public Accountants’ Board (PAB). The merger was to synergise the monitoring of companies’ compliance with disclosure requirements,[3] and the regulation of public accountants performing statutory audit.

Overview

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The Accounting and Corporate Regulatory Authority (ACRA) is the regulator of business registration, financial reporting, public accountants and corporate service providers. ACRA's role is to monitor corporate compliance with disclosure requirements and regulation of public accountants performing statutory audit.

See also

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References

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  1. ^ "Tan Ching Yee to chair Acra, among other board changes". 27 March 2018.
  2. ^ "Ong Khiaw Hong named new Acra chief". The Straits Times. 25 January 2017.
  3. ^ "Personal Tax Advice: Financial Advisory of Accountants". HQ Accountancy. Retrieved 2023-03-15.
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