ACRA

Acra wants boards to scrutinise the numbers ahead of FY2025 reporting

This call to action comes amid the global economic uncertainties from trade and tariff-related risks

The Big 4 accounting firms continued to account for about 70% of the sector's total revenue in 2024.

Big 4 accounting firms drive nearly half of sector’s total revenue growth in 2024: survey

The sector continues to hire, and expects to grow its workforce by opening up more than 1,500 positions

Under the Companies Act 1967, individuals found guilty of failing to obtain proper consent documentation for director appointments may be fined up to S$5,000 or jailed up to 12 months.

Three individuals fined S$105,500 for false declarations, consent lapses

They will be barred from acting as directors for five years following convictions

Regulators recently announced that most climate reporting requirements for small and mid-sized listed companies will be pushed back by five years to FY2030.

‘Not doing nothing’: Some smaller listcos using extension to get up to speed with climate reporting

They hail the five-year extension in mandatory disclosures as a reprieve, saying that this will help them produce more meaningful sustainability reports

The new timeline might mean higher expectations on the quality of listed SMEs' climate reporting.

Delay in climate reporting not ‘a get-out-of-jail-free card’ for Singapore’s smaller listcos, say observers

The Republic’s banks say this will not change how they engage with SME clients, nor will it affect how they track their financed emissions

The Monetary Authority of Singapore Act was passed in 1970, leading to the birth of the eponymous financial services regulator in 1971.

SG60: The development of Singapore’s corporate and securities law over the last 6 decades

It has evolved from a colonial-era system into a globally respected, business-friendly and sophisticated legal regime

The governing bodies have proposed to remove the requirements for public limited companies with a share capital to convene a statutory meeting and prepare a statutory report.

Singapore proposes to bar convicted money launderers from directorships

Public feedback sought on a range of corporate and accounting law reforms, including ones aimed at reducing regulatory burden

Acra chief executive Chia-Tern Huey Min at the playbook's launch on May 27. She notes the playbook will equip education and career guidance counsellors and teachers with the tools and insight to showcase the opportunities in the accountancy profession.

More guidance for students eyeing accounting careers with new Acra playbook

The guide outlines the skill requirements of the accounting sector, dispels common misconceptions and details the various pathways into the profession

The guidebook aims to equip professionals with technical skills and competencies in greenhouse gas accounting, as well as sustainability and climate reporting, so that they would be able to take on roles as specialists in preparing sustainability reports.

Guidebook launched for sustainability reporting training providers

This is so that they can align their courses with the standards set out by the International Sustainability Standards Board

"Necessary actions" will be taken against officers responsible, says Senior Minister Teo Chee Hean.

Financial penalties for public agencies ‘not meaningful’; officers held accountable for NRIC disclosures: SM Teo

He adds the prime minister will take incident into account when evaluating the two ministers overseeing Acra and the Smart Nation initiative