Official Notices
19 notices published
ACRA Scam Alert: Beware Fake Company Dissolution Emails Targeting Businesses
ACRA has issued an urgent alert on phishing emails impersonating official notices about company dissolution under Section 344A. Businesses must ignore these scams, verify communications, and adopt robust cybersecurity practices to avoid data breaches. This report provides strategic guidance to mitigate risks and enhance compliance vigilance.
ACRA Audit Exemption Review: Higher Thresholds to Ease Small Co Costs
ACRA is reviewing Singapore's audit exemption framework, proposing higher revenue and asset thresholds to reduce compliance burdens for small companies. Consultations launch in March 2026, including subsidiary exemptions independent of group status. Businesses should monitor and participate to influence outcomes benefiting cost savings.
ACRA BizFinx Preptool & MUT Update: Mandatory Switch by Apr 2026
ACRA has launched updated BizFinx Preparation Tool (Preptool) and Multi-Upload Tool (MUT) effective 25 Feb 2026, with mandatory transition by 15 Apr 2026. Key enhancements include FRS 117 updates for insurers, reduced disclosure options, a new AdditionalInformation tab, and relaxed validation rules. Businesses must update tools to ensure seamless XBRL financial statement filings.
ACRA Overview: Singapore's Regulator for Business and Accountancy
ACRA is Singapore's key regulator for business registration, financial reporting, public accountants, and corporate service providers. Established in 2004 and merged in 2023, it administers major business laws and fosters a trusted environment for innovation and growth. Its responsibilities include setting accounting standards and developing the accountancy sector.
ACRA Promotes Accountancy as Rewarding Career with Growth Opportunities
ACRA highlights accountancy as a dynamic, rewarding career essential for business integrity and public interest. It emphasizes progression in emerging fields like sustainability reporting and IT audit. Students and professionals are encouraged to pursue qualifications such as the Singapore Chartered Accountant Qualification (SCAQ).
ACRA Financial Reporting Practice Guidance for FY2025 Statements
ACRA's resource page details directors' duties, the Financial Reporting Surveillance Programme, and relief applications for financial statements. It provides downloadable Practice Guidance No. 1 of 2025 focusing on review areas for FY2025, plus prior years' documents from 2024 to 2012. Businesses should consult these to ensure compliant financial reporting.
ACRA ASC Updates: New SFRS(I) and FRS for 2026 Reporting Periods
ACRA's Accounting Standards Committee (ASC) has published collections of SFRS(I)s and FRSs applicable for annual periods starting 1 January 2026. Recent amendments address disclosures on uncertainties and subsidiaries without public accountability. Businesses should note upcoming consultations and leadership changes in ASC.
ACRA Aligns AGM and AR Timelines to FYE from 31 Aug 2018
ACRA has aligned timelines for holding Annual General Meetings (AGMs) and filing Annual Returns (ARs) to companies' Financial Year Ends (FYE) effective for FYE on or after 31 August 2018, reducing regulatory burden. Listed companies must hold AGMs within 4 months and others within 6 months post-FYE. AR filing deadlines are also tied to FYE, with safeguards on FYE changes to prevent arbitrary adjustments.
ACRAConnect Nov/Dec 2025: CSP Panel, SCAQ Enhancements & Law Amendments
ACRA's Nov/Dec 2025 newsletter announces the CSP Advisory Panel to boost industry partnerships, key findings from the Accounting Entities Survey with SCAQ enhancements, and the passage of the Corporate and Accounting Laws Amendment Bill. It details enforcement actions against Companies Act violations and new financial reporting guidance. Businesses should review these for compliance updates.
ACRA Appoints New Chairperson-Designate and Member to Accounting Standards Committee
ACRA has appointed Mr. Cheung Pui Yuen as Chairperson-Designate of the Accounting Standards Committee (ASC) from 1 November 2025, transitioning to Chairperson from 1 April 2026. Mr. Kee Rui Xiong joins as a new member effective the same date. The updated ASC composition is detailed in Annex A.