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Accounting and Corporate Regulatory Authority
Press release

More Companies come under ACRA's surveillance for Financial Reporting with new ACRA-ISCA MOU

Audience

Accountants

Accounting entities

Businesses

Corporate service providers (CSPs)

News Topic

Accounting standards and sector regulation

16 January 2014

This article has been migrated from an earlier version of the site and may display formatting inconsistencies.

ACRA and the Institute of Singapore Chartered Accountants (ISCA) signed a Memorandum of Understanding that will further strengthen the quality of financial reporting by companies. 

The MOU between ACRA and ISCA sees both sides combining resources and sharing expertise to increase the breadth and depth of the financial reporting surveillance regime in Singapore. Under the MOU, ISCA will share its observations on potential non-compliances in financial statements with ACRA, which will deliberate and take enforcement action against directors under the Companies Act, if necessary.  

Download the press release (PDF,363KB) for more information.

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