NOV / DEC 2019

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GoBusiness Application for Licences Made Easy

Business owners can now access the new GoBusiness Licensing portal after registering their business in BizFile+, to apply for multiple licences simultaneously in a simplified application and payment process.

The GoBusiness Licensing portal also includes a guided customer journey feature to assist new and inexperienced business owners who are starting a business in the food and beverage sector, to ascertain the types of licences required for their businesses and apply for it.

Improving the Currency of ACRA’s Data

From 2 Dec 2019, changes to personal information such as name and residential addresses updated with the relevant government agency under the National Registration Act will be synchronised to ACRA’s records. This is part of the exercise to improve the currency of ACRA’s data.

ESB Free Online Programme for Aspiring Entrepreneurs

Starting a new business can be challenging for some people. ACRA’s free online “Essentials of Starting a Business” programme helps to guide entrepreneurs on registration requirements, government grants, CPF and tax matters to smoothen their startup journey.

Regulatory Updates

• Areas of Review Focus for FY2019 Financial Statements under ACRA’s Financial Reporting Surveillance Programme

ACRA has issued Practice Guidance No. 2 of 2019 to help directors improve the quality of financial reporting. The guidance highlights areas that require close attention by directors before they approve the financial statements.

• 13th Practice Monitoring Programme (PMP) Public Report

ACRA’s latest public report on audit inspections of auditors and audit firms is now available. The report highlights key findings as well as areas for improvement to help auditors and audit firms achieve high quality audits.

ACRA ACRA's e-Newsletter for professional stakeholders

This e-newsletter is intended for general information only and should not be treated as a substitute for specific professional advice for any particular situation. While we endeavour to ensure the contents are correct to the best of our knowledge and belief at the time of writing, we do not warrant their accuracy or completeness nor accept any responsibility for any loss or damage arising from any reliance on them.

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