Accounting and Corporate Regulatory Authority

Accounting and Corporate Regulatory Authority
Agency overview
Formed April 1, 2004 (2004-04-01)
Preceding agencies
  • Registry of Companies and Businesses
  • Public Accountants’ Board
Jurisdiction Government of Singapore
Headquarters 10 Anson Road #05-01/15 International Plaza Singapore 079903 1°16′33″N 103°50′45″E / 1.275918°N 103.845971°E / 1.275918; 103.845971
1°16′33.1″N 103°50′45.5″E / 1.275861°N 103.845972°E / 1.275861; 103.845972
Agency executives
  • Mrs Tan Ching Yee [1], Chairman
  • Mr Ong Khiaw Hong [2], Chief Executive
Parent agency Ministry of Finance (Singapore)
Website www.acra.gov.sg

The Accounting and Corporate Regulatory Authority (Abbreviation: ACRA; Chinese: 会计与企业管制局; Malay: Penguasa Pengawalan Perakaunan dan Korporat ; Tamil: கணக்கியல், நிறுவன ஒழுங்குமுறை ஆணையம்) is a statutory board under the Ministry of Finance of the Singapore Government. ACRA is the national regulator of business entities, public accountants and corporate service providers in Singapore. ACRA also plays the role of a facilitator for the development of business entities and the public accountancy profession.

History

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 and the regulation of public accountants performing statutory audit.

Overview

The purpose of ACRA is to provide a regulatory environment for businesses, public accountants and corporate service providers. ACRA’s role is to monitor of corporate compliance with disclosure requirements and regulation of public accountants performing statutory audit.

References

  1. ↑ "Tan Ching Yee to chair Acra, among other board changes". 27 March 2018.
  2. ↑ "Ong Khiaw Hong named new Acra chief". 25 January 2017.

See also

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.