Business Profile

We are also responsible for developing the accountancy sector and setting the accounting standards for companies, charities, co-operative societies, and societies in Singapore. 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.

Corporate governance

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. We recognise that environmental sustainability is both an opportunity and a risk, and businesses can demonstrate their impact on sustainability through is owing the irs money a bad thing not necessarily corporate reporting. We will work with stakeholders to consider the reporting and assurance requirements for sustainability-related information, and how such information can contribute towards a trusted and vibrant business environment in Singapore. As the national business registry of Singapore, one of ACRA’s functions is to establish and administer a repository of documents and information relating to business entities and public accountants, and to provide access to the public to such documents and information.

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This includes putting in place processes and procedures to prevent disclosure of data under circumstances other than those allowed under the ACRA Act. On 1 April 2023, ACRA, the Singapore Accountancy Commission (SAC) and the Accounting Standards Council (ASC) merged as one entity, taking on the name, ACRA. The merger aimed to strengthen the effectiveness of regulation, standards-setting, and sector development by harnessing synergies across complementary accountancy-related functions. Fund managers will be able to constitute investment funds as VCCs across both traditional and alternative strategies, and as open-ended or closed-end funds. Fund managers may also incorporate new VCCs or re-domicile their existing investment funds with comparable structures by transferring their registration to Singapore as VCCs. On July 11, 1996, the Verkhovna Rada of Ukraine adopted the Law of Ukraine “On the Accounting Chamber”, which has actually launched the activity of the official body of independent external public financial control.

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The equity multiplier (“ACRA”) is the national regulator of business entities, public accountants, and corporate service providers in Singapore. ACRA promotes a trusted and vibrant environment for businesses to thrive and flourish, and contribute towards making Singapore the best place for business. ACRA was formed as a statutory board on 1 April 2004, following the merger of the Registry of Companies and Businesses (RCB) and the Public Accountants’ Board (PAB). This merger sought   to achieve synergies between the monitoring of corporate compliance with disclosure requirements and the regulation of public accountants performing statutory audits.

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1. The need to ensure maximum transparency and accountability of budget processes, the prospects and challenges of creating a Budget Office in the Verkhovna Rada of Ukraine, possible changes in the proce…
2. We will facilitate digital engagements with users of our services and with those we regulate and partner with, and influence businesses to adopt environmentally sustainable practices.
3. This includes putting in place processes and procedures to prevent disclosure of data under circumstances other than those allowed under the ACRA Act.

This is to facilitate trade and interactions among businesses and members of the public, enhance transparency and enable the public to conduct due diligence checks on these entities and the people who operate them. The Variable Capital Company (VCC) is a new corporate structure for investment funds constituted under the Variable Capital Companies Act which took effect on 14 Jan 2020. Upon successful payment, an email on the guide for product download will be sent to you within 15 minutes.Alternatively, if the purchase is done via Singpass, you can login at ACRA BizFile+ portal, click on Messages to access the above same email message.

For Business Users

Under the Companies Act, all Singapore-incorporated companies are required to file annual returns with ACRA to ensure that the company’s information on ACRA’s register is up to date. The company must also submit the date of its annual general meeting (AGM) if it has held its AGM, as well as the company’s financial statements (if applicable). The Law, adopted in 2015, has significantly changed the situation and has substantially expanded the functions and powers of the Accounting Chamber to carry out the control over the revenues of the State Budget of Ukraine and their use. And Ukraine has obtained a full-fledged supreme financial control institution – the Accounting Chamber, which is a reflection of a state sovereignty and democracy. We will track our environmental performance and reduce our environmental footprint through our procurement practice and usage of resources, in line with public sector sustainability commitments. We will also foster a culture of sustainability by encouraging and supporting our officers in embracing sustainable practices and making sustainability our way of life.

Download for purchased product will expire 7 days from date of purchase, no further extension can be made. The need to ensure maximum transparency and accountability of budget processes, the prospects and challenges of creating a Budget Office in the Verkhovna Rada of Ukraine, possible changes in the proce… Rhonda Schnare, PCAOB Director of International Affairs, added, “We are pleased to reach this milestone with the ACRA, an important partner in the region and in the global capital markets. Firms registered with the PCAOB, cooperative relationships like this one are critical to the PCAOB’s success in its oversight mission.” The arrangement is the latest in a series of cooperative arrangements that the PCAOB has established with non-U.S.

(b) To report, make recommendations to, and advise the Government on matters relating to the registration and regulation of business entities, public accountants, and corporate service providers. (d) To represent the Government internationally in matters relating to the registration and regulation of business six reasons why organic growth is so important entities, public accountants, and corporate service providers. (c) To establish and administer a repository of documents and information relating to business entities, public accountants, and corporate service providers; and to provide the public with access to such documents and information.

Business Profile provides basic entity information such as Unique Entity Number (UEN), entity name, business activities, date of incorporation/registration and also information of position holders or business owners or partners. Under the Sarbanes-Oxley Act of 2002, accounting firms that audit U.S. public companies, or play a substantial role in another firm’s audit of those companies, must register with the PCAOB and comply with PCAOB requirements in connection with those audits. (e) To promote public awareness of the new business structures, compliance requirements, corporate government practices, and any other matter under the purview of the ACRA. Nevertheless, ACRA adheres to the Public Sector (Governance) Act and Government Instruction Manuals with respect to the way data is managed.

ACRA is committed to promoting environmental sustainability and recognises that the way we deliver our service and perform our regulatory role has an impact on the environment. ACRA will continue to keep abreast of industry standards and strive to implement best practices where applicable, with respect to the way we manage personal data. Holders of personal data obtained through ACRA’s system or from authorised ISPs are responsible for making sure that they comply with the Personal Data Protection Act (PDPA) and other laws, regarding the disclosure and use of personal data and information. Should the use of information by anyone constitute an offence or a breach of the law, he or she may face legal action or criminal prosecution.

We will facilitate digital engagements with users of our services and with those we regulate and partner with, and influence businesses to adopt environmentally sustainable practices. The legislation once enacted, will provide for companies to hold hybrid or fully virtual meetings on a permanent basis. It will also support the state’s company law regulators to work more effectively, encourage compliance with company law and exercise proportionate enforcement when necessary.

Most of the information lodged with ACRA via BizFile+, ACRA’s on-line registry system, can be accessed by the public upon payment of a fee. Some of the information can also be obtained from ACRA’s authorised Information Service Providers (ISPs).