Singapore Liquidator Glossary - Accounting and Corporate Regulatory Authority (ACRA)
As a Singapore liquidator navigating the intricate world of insolvency, understanding the role of key institutions like the Accounting and Corporate Regulatory Authority (ACRA) is essential. In this comprehensive guide, we’ll delve into who ACRA is, their role in the context of liquidation services in Singapore, and how you can efficiently reach out to them.
1. Who is ACRA
The Accounting and Corporate Regulatory Authority (ACRA) is Singapore’s national regulator for business entities and public accountants. Established in 2004 under the Accounting and Corporate Regulatory Authority Act, ACRA plays a pivotal role in maintaining Singapore’s reputation as a trusted and transparent business hub.
ACRA operates under the purview of the Ministry of Finance and is tasked with overseeing the registration and regulation of businesses, ensuring compliance with statutory requirements, and enhancing the transparency and integrity of corporate practices in Singapore.
2. ACRA’s Role in Singapore’s Business Landscape
Business Registration and Regulation:
ACRA manages the registration and regulation of business entities operating in Singapore. This includes companies, limited liability partnerships (LLPs), and limited partnerships. ACRA ensures that businesses comply with the relevant laws and regulations governing their establishment, operation, and dissolution.
Corporate Governance and Compliance:
ACRA plays a crucial role in promoting corporate governance and compliance among businesses. It administers the Companies Act and other relevant legislation, setting standards for corporate conduct and ensuring transparency and accountability in corporate practices. ACRA also oversees the filing of financial statements and annual returns by companies, ensuring that they adhere to reporting requirements.
Regulation of Public Accountants:
ACRA regulates the auditing and accounting profession in Singapore. It registers public accountants and accounting firms, ensuring that they meet the necessary qualifications and standards of professional conduct. ACRA also monitors the quality of audit work and investigates complaints against public accountants, safeguarding the integrity of financial reporting in Singapore.
Business Information Services:
ACRA provides access to business and company information through its online portal, BizFile. Businesses and members of the public can obtain various documents and information related to registered entities, including business profiles, financial statements, and ownership details. This promotes transparency and facilitates informed decision-making in business transactions.
3. How to Reach and Contact ACRA
ACRA offers multiple channels for individuals and businesses to reach out and seek assistance:
Online Portal:
The ACRA website serves as a comprehensive resource for information and services related to business registration, compliance, and corporate governance. Users can access online forms, guides, and FAQs to address their queries and requirements.
Customer Service Centre:
ACRA operates a Customer Service Centre where individuals can seek in-person assistance regarding business registration, filing requirements, and other regulatory matters. Located at the ACRA Building in Singapore, the Customer Service Centre provides personalized support to address specific inquiries and concerns.
Book an e-appointment with ACRA here.
Hotline:
ACRA offers a dedicated hotline for inquiries and assistance. Individuals can contact ACRA’s hotline at +65 6248 6028 during operating hours to speak with a customer service representative and obtain guidance on business-related matters.
Email:
For non-urgent inquiries or feedback, individuals can reach out to ACRA via their feedback page at here.
Read more: Understand Approved Liquidators’ Requirements before Taking Liquidation Services in Singapore