We've just received an interesting bulletin from ACRA highlighting this :
"In Singapore, only persons registered as public accountants under the Accountants Act can provide public accountancy services, which refers to the audit and reporting on financial statements and the doing of other acts required by law to be done by a public accountant.
This Audit Practice Bulletin highlights some of the situations where a person may inadvertently practise or hold himself out as a public accountant when he is not registered with ACRA as one, thereby contravening section 56(1) of the Accountants Act."
Like the adage no smoke without fire, it seems that there must have been many cases of such contravention, prompting ACRA to issue this bulletin. And it's not hard to imagine why as there are only around 1,000 public accountants in Singapore.
If you are looking for public accountancy services, look no further than us here at ECHTUAL.
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