Changes to the ACRA Code for public accountants and accounting entities

ACRA has issued changes to the Code of Professional Conduct and Ethics for public accountants and accounting entities (ACRA Code) to adopt the following two final pronouncements issued by the International Ethics Standards Board for Accountants (or IESBA)¹:

a. Revisions to the Definitions of Listed Entity and Public Interest Entity (PIE) in the Code and in light of the expanded definition of PIE, revisions to the Singapore definition of PIE in the Glossary of the ACRA Code; and

b. Technology-related Revisions to the Code.

The changes are set out in the Accountants (Prescribed Standards and Code of Professional Conduct and Ethics) (Amendment) Order 2024  (PDF, 200KB). The revised ACRA Code can be found here. 

¹ The ACRA Code reproduces, with the permission of the International Federation of Accountants (IFAC), all or part of the Final Pronouncement on: Revisions to the Definitions of Listed Entity and Public Interest Entity in the Code issued by the IESBA and published by IFAC in April 2022, as well as the Final Pronouncement on: Technology-related Revisions to the Code issued by the IESBA and published by IFAC in April 2023. 

Reproduction of such text is allowed within Singapore for non-commercial purposes only.  All other existing rights are reserved.  Further information can be obtained from the IFAC at www.ifac.org or by writing to permissions@ifac.org.