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ACRA is the regulator of business registration, financial reporting, public accountants and corporate service providers. ACRA is also responsible for developing the accountancy sector and setting the accounting standards for companies, charities co-operative societies, and societies in Singapore.
Currently, the Singapore Public Accountants Oversight Committee (PAOC) of the Accounting and Corporate Regulatory Authority, [1] established under the Accountants Act to determine, prescribe and review the requirements to be satisfied by people seeking to be registered as public accountants in Singapore, will not register any person as a public accountant unless the person is a member of ISCA.
Institute of Management Accountants (IMA) Institute of Public Accountants (IPA) Institute of Singapore Chartered Accountants (ISCA) [15] Malaysian Institute of Accountants; Ordre des Experts Comptables de Tunisie [16] Philippine Institute of Certified Public Accountants; South African Institute of Chartered Accountants (SAICA)
A 2019 analysis by Public Company Accounting Oversight Board (PCAOB) in the United States observed that the big four accounting firms bungled almost 31% of their audits since 2009. In another project study on government oversight, it was seen that while the auditors colluded to present audit reports that pleased their clients, the times they ...
The CDAS was formed by the Ministry of Finance in December 2008 to undertake a review of the Singapore accountancy sector and profession. [7] The CDAS, chaired by Bobby Chin, chairman of the Singapore Totalisator Board and formerly managing partner of KPMG LLP Singapore, comprised members of the accounting profession, the business community, academia and the public sector. [7]
Certified Public Accountant (CPA) is the title of qualified accountants in numerous countries in the English-speaking world. It is generally equivalent to the title of chartered accountant in other English-speaking countries.
Japanese Institute of Certified Public Accountants: Jordan: Member: Arab Society of Certified Accountants Jordan: Member: Jordanian Association of Certified Public Accountants Kazakhstan: Member: Chamber of Auditors of the Republic of Kazakhstan Kenya: Member: Institute of Certified Public Accountants of Kenya: Korea, Republic of: Member
In Singapore, membership of AIA is viewed as a recognised qualification for the purpose of acting as a secretary of a public company under section 171(1AA) of the Companies Act and recognized by the Singapore Ministry of Law under one of the seven recognized accountancy bodies to certify the Money Lender Act reporting requirement.