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The Singapore Accountancy Commission (SAC) was a statutory body under the Ministry of Finance of the Government of Singapore. [1] Launched on 1 April 2013, [ 2 ] the SAC works to advance Singapore’s accounting sector and provides for the registration of Chartered Accountants of Singapore .
ACRA is the regulator of business registration, financial reporting, public accountants and corporate service providers. ACRA is also responsible for developing the accountancy sector and setting the accounting standards for companies, charities co-operative societies, and societies in Singapore.
Currently, the Singapore Public Accountants Oversight Committee (PAOC) of the Accounting and Corporate Regulatory Authority, [1] established under the Accountants Act to determine, prescribe and review the requirements to be satisfied by people seeking to be registered as public accountants in Singapore, will not register any person as a public accountant unless the person is a member of ISCA.
Chartered Accountant of Singapore is a professional accounting qualification in Singapore. Candidates who successfully complete the Singapore Qualification Programme in Accounting are eligible to register as Chartered Accountants of Singapore under the Singapore Accountancy Commission Act 2013.
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The Chartered Accountant of Singapore (CA (Singapore)) title is protected under the Singapore Accountancy Commission (SAC) Act. The pathway to obtain the designation is owned by the SAC, a statutory body of the government.
The statutory boards of the Government of Singapore are autonomous organisations that have been tasked to perform an operational function by legal statutes passed as Acts in the Parliament of Singapore. The statutes define the purpose, rights and powers of each authority.
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