ACRA

2023 - 1 - 9

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Image courtesy of "Singapore Business Review"

Knowledge gap, lack of action behind failure to follow accounting ... (Singapore Business Review)

ACRA flags 12 financial statements with 23 failure cases to comply with accounting standards.

The accounting implications of climate change should also be considered, ACRA also said. Most of the failures in compliances hit the firmโ€™s key financial measures, ACRA pointed out. Specifically, ACRA said there was a knowledge gap within finance teams, chief financial officers (CFOs), and audit committees (ACs).

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