On 14 April 2014, the Accounting and Corporate Regulatory Authority (Amendment) Bill 2014 (the "Bill") was passed in Parliament. The Bill was
On 17 February 2014, the Accounting and Corporate Regulatory Authority (Amendment) Bill 2014 (the "Bill") was introduced in Parliament following a
On 24 June 2011, the Accounting Standards Council (the "ASC") issued a Charities Accounting Standard the "CAS") and set out a financial reporting framework for the preparation and presentation of charities' financial statements.
On 20 June 2011, the Ministry of Fiannce (the "MOF") and the Accounting and Corporate Regulatory Authority (the "ACRA") jointly released two consultation papers inviting comments.
On 29 October 2010, the Accounting and Corporate Regulatory Authority (the "ACRA") and the Attorney General's Chambers (the "AGC") jointly issued a "Supplementary Report on Formalities in the Execution of Documents: Amendments to Companies Act and Limited Liability Partnerships Act" (the "Supplementary Report 2010") for the purposes of a public consultation.
On 18 October 2010, Parliament introduced the Charities (Amendment) Bill 2010 (the "Bill"), which proposes to amend the Charities Act (the "Act") to facilitate its operation, in particular to clarify the Act by replacing various terms in the Act with terms that are more readily understood by the charity sector, namely, the term "trusts" is replaced by the term "governing instruments", and the term "charity trustees" is replaced by the terms "governing board members" or "key officers", as appropriate.
On 15 July 2010, the Accounting and Corporate Regulatory Authority (the "ACRA") and the Singapore Exchange (the "SGX") jointly issued the "Guidance to Audit Committees on Evaluation of Quality of Work Performed by External Auditors" (the "Guidance").
On 15 April 2010, the Accounting & Corporate Regulatory Authority (the "ACRA") announced that it will be implementing several initiatives with the aim of inculcating a culture of voluntary compliance with the corporate regulatory requirements among locally incorporated companies, as well as acknowledge companies who have made the effort to comply.