Under the provisions of the Accountants Act (Cap 2), all public accountants and public accounting entities (accounting firms / corporations / limited liability partnerships (LLPs)) are required to:

• comply with the legal and regulatory requirements of the profession
• conduct themselves professionally when dealing with their clients and other third parties and to avoid improper conduct that would bring the profession of public accountancy into disrepute

ACRA does not regulate:

• accountants in general (including accountants providing bookkeeping services)
• the manner in which the public accounting entities operate their business or the quality of service provided by the entities