CATEGORY: NEWS AND ANNOUNCEMENTS, PRESS RELEASES
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.