ACRA’s New Practice Direction on Private Capital in Accounting Firms: What Singapore Directors and Audit Committees Need to Know
In April 2026, Singapore's Accounting and Corporate Regulatory Authority (ACRA) issued Practice Direction No. 1 of 2026 on External Private Capital Arrangements in Accounting Entities. For most business owners, this may sound like an internal regulatory matter for the accounting profession. But if your company engages an external auditor — as many Singapore private limited [...]