Skip to main content
A Singapore Government Agency Website How to identify
Official website links end with .gov.sg
Secure websites use HTTPS
Look for a lock () or https:// as an added precaution. Share sensitive information only on official, secure websites.
Welcome to the new ACRA corporate website.

1. View the tutorial (opens in new tab) for navigating the website.

2. [Advisory] Government officials will NEVER ask you to transfer money or disclose bank log-in details over a phone. Call the 24/7 ScamShield Helpline at 1799 if you are unsure if something is a scam.

Accounting and Corporate Regulatory Authority

Directors’ competency crucial to uphold quality in financial reporting

Audience

Businesses

Corporate service providers (CSPs)

Public

News Topic

Accounting standards and sector regulation

Regulatory updates

Category

Press release

14 July 2020

This article has been migrated from an earlier version of the site and may display formatting inconsistencies.

ACRA issued its latest report on key findings from the third review cycle of the Financial Reporting Surveillance Programme (FRSP) today. It was observed that the lack of deep knowledge and due care by preparers and directors were the root causes contributing to material non-compliances with accounting standards found under the programme. Overall, there is room for improvement in the quality of financial statements issued by companies incorporated in Singapore.

Please refer to the press release (opens in new tab) and full report or more information.