ACRA audit Archives

ACRA’s New Practice Direction on Private Capital in Accounting Firms: What Singapore Directors and Audit Committees Need to Know

In April 2026, the Accounting and Corporate Regulatory Authority (ACRA) issued Practice Direction No. 1 of 2026 on External Private Capital Arrangements in Accounting Entities — a document that has received relatively little attention from Singapore's business community, yet carries real implications for every company that engages an external auditor. This is not purely an [...]

By The Raffles Corporate Services Editorial Team|2026-07-03T00:15:14+08:00July 3rd, 2026|Running a Company|

Singapore Company Audit Exemption 2026: Does Your Small Company Qualify?

Not every Singapore company is required to have its financial statements audited each year. For thousands of small businesses, the small company audit exemption under the Companies Act 1967 removes the mandatory audit requirement — saving directors significant time and cost without compromising their core compliance obligations. But qualifying is not automatic, and changes may [...]

By The Raffles Corporate Services Editorial Team|2026-05-24T07:33:35+08:00May 24th, 2026|Accounting Bookkeeping Tax and XBRL, Latest News and Announcements, Running a Company|

Singapore Company Audit Exemption 2026: Does Your Small Company Qualify?

Not every Singapore company is required to have its financial statements audited each year. For thousands of small businesses, the small company audit exemption under the Companies Act 1967 removes the mandatory audit requirement — saving directors significant time and cost without compromising their core compliance obligations. But qualifying is not automatic, and changes may [...]

By The Raffles Corporate Services Editorial Team|2026-05-24T07:31:25+08:00May 24th, 2026|Accounting Bookkeeping Tax and XBRL, Latest News and Announcements, Running a Company|