Formed April 1, 2004 (2004-04-01) Preceding agencies Registry of Companies and BusinessesPublic Accountants’ Board Headquarters 10 Anson Road #05-01/15 International Plaza Singapore 079903 Agency executives Lim Soo Hoon, ChairmanKenneth Yap, Chief Executive Parent agency Ministry of Finance (Singapore) | ||
The Accounting and Corporate Regulatory Authority (Abbreviation: ACRA; Chinese: 会计与企业管制局; Malay: Penguasa Pengawalan Perakaunan dan Korporat ; Tamil: கணக்கியல், நிறுவன ஒழுங்குமுறை ஆணையம்) is a statutory board under the Ministry of Finance of the Singapore Government. ACRA is the national regulator of business entities, public accountants and corporate service providers in Singapore. ACRA also plays the role of a facilitator for the development of business entities and the public accountancy profession.
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History
ACRA was formed on 1 April 2004 by the Accounting and Corporate Regulatory Act, which resulted in the merger of the then Registry of Companies and Businesses (RCB), and the Public Accountants’ Board (PAB). The merger was to synergise the monitoring of companies’ compliance with disclosure requirements and the regulation of public accountants performing statutory audit.
Overview
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.