The Accounting and Corporate Regulatory Authority (Abbreviation

Abbreviation

An abbreviation is a shortened form of a word or phrase. Usually, but not always, it consists of a letter or group of letters taken from the word or phrase...

: ACRA; ; ; ) is a statutory board

Statutory boards of the Singapore Government

The statutory boards of the Singapore Government are organisations that have been given autonomy to perform an operational function. They usually report to one specific ministry.*Accounting and Corporate Regulatory Authority...

 under the Ministry of Finance

Ministry of Finance (Singapore)

The Ministry of Finance , is a ministry of the Government of Singapore responsible for administering and regulating financial institutions and structures of the economy of Singapore. It is headed by the Minister for Finance...

 of the Singapore Government. ACRA is the national regulator of business entities and public accountants in Singapore

Singapore

Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...

. ACRA also plays the role of a facilitator for the development of business entities and the public accountancy profession.

Overview

The mission of ACRA is to provide a responsive and trusted regulatory environment for businesses and public accountants. ACRA’s role is to achieve synergies between the monitoring of corporate compliance with disclosure requirements and regulation of public accountants performing statutory audit.

History

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).

External links

• BizFile - ACRA's one-stop business services portal
• Ministry of Finance
• Singapore Government