Accounting and Corporate Regulatory Authority of Singapore (ACRA)

Singapore news

Singapore to tighten rules on corporate-service providers after $3 billion money laundering scandal

The government is also looking to impose fines of up to $100,000 for anti-money laundering breaches
Another conviction related to Allied Technologies - THE EDGE SINGAPORE

Singapore news

Another conviction related to Allied Technologies

Former executive director Roger Poh sentenced to six months jail for breach of duties

Regulatory Action

Director sentenced to jail for conspiracy to cheat banks

Koryagin Vadim recruited Singaporean individuals to serve as local directors for companies set up for foreign clients.

Update

SGX RegCo and ACRA highlight key areas in interim financial statements for companies amid Covid-19

Areas issuers should take note of, according to SGX RegCo, include asset valuations and ongoing concern assessments.

In print this week

ACRA has audit firms in its sight

SINGAPORE (Aug 2): Auditors using the search engine Google to screen clients as part of due diligence; senior auditors not spending enough time reviewing or supervising client audits; spouses of audit partners violating the firms’ policies on independen
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