What We Do
The mission of ACRA is to provide a responsive and trusted regulatory environment for businesses, public accountants and corporate service providers. ACRA's role is to achieve synergies between the monitoring of corporate compliance with disclosure requirements and regulation of public accountants performing statutory audit.
ACRA was formed as a statutory board on 1 April 2004, following the merger of the then Registry of Companies and Businesses (RCB), and the Public Accountants' Board (PAB).
Corporate Statement, Goals and Values
Promoting a trusted & vibrant business environment in Singapore
ACRA's 4 corporate goals:
- To be a leading business registry
- To be a respected corporate and accounting regulator
- To provide excellent service
- To be innovative, efficient and effective
'I-ACRA', ACRA's core values, guide us in all that we do:
- Integrity - we are honest, upright and impartial in everything we do as individuals and as an organisation
- Alert & Agile - we are vigilant and responsive to the needs of our stakeholders
- Collaborative - we work with our stakeholders to achieve common goals
- Respect - we value and respect our stakeholders
- Add Value - we make a positive difference for our stakeholders
Responsibilities of ACRA
ACRA is responsible for the following functions:
- To administer the Accounting and Corporate Regulatory Authority Act (Cap 2A), the Accountants Act (Cap 2), the Business Names Registration Act (Cap 32), the Companies Act (Cap 50), the Limited Liability Partnerships Act (Cap 163A) and the Limited Partnerships Act 2008 (Act 37 of 2008);
- To report and make recommendations to, and advise the Government on matters relating to the registration and regulation of business entities, public accountants and corporate service providers;
- To establish and administer a repository of documents and information relating to business entities, public accountants and corporate service providers and to provide access to the public to such documents and information;
- To represent the Government internationally in matters relating to the registration and regulation of business entities, public accountants and corporate service providers; and
- To promote public awareness about new business structures, compliance requirements, corporate governance practice and any matter under the purview of the Authority.