Share your needs with us, get contacted by law firms.
Free. Takes 2 min.
Or refine your search by selecting a city:
Refine your search by selecting a city.
Accounting & Auditing are essential components of ensuring financial transparency and accountability in Singapore. The laws governing these practices are designed to uphold integrity and ethical standards in financial reporting.
There are various situations where you may need legal help in Accounting & Auditing, such as disputes over financial statements, regulatory compliance issues, fraud investigations, or professional negligence claims. A lawyer can provide valuable guidance and representation to navigate these complexities.
In Singapore, the Accounting & Corporate Regulatory Authority (ACRA) oversees the regulatory framework for accounting and auditing practices. The Companies Act and the Singapore Financial Reporting Standards (FRS) are key legislations that regulate financial reporting and auditing requirements for companies in Singapore.
A: Companies in Singapore are required to appoint an auditor within 3 months of incorporation and have their financial statements audited annually.
A: Non-compliance with accounting regulations can result in fines, penalties, or legal action against the company and its officers.
A: Yes, you can challenge an auditor's findings through legal proceedings or by filing a complaint with ACRA or the Accounting & Corporate Regulatory Authority Board of Review.
A: A lawyer can assist in conducting investigations, collecting evidence, and representing your interests in legal proceedings related to financial fraud.
A: Accounting involves the preparation of financial statements, while auditing involves the examination and verification of these statements by an independent auditor.
A: Engaging a lawyer with expertise in tax laws can help ensure compliance with tax regulations and minimize tax risks for your business.
A: Common legal issues include professional negligence claims, fraud investigations, regulatory compliance issues, and disputes over financial statements.
A: While it is possible to represent yourself, it is advisable to seek legal assistance from a lawyer with expertise in accounting and auditing laws for better outcomes.
A: Yes, a lawyer can provide guidance on regulatory compliance issues, assist in conducting internal audits, and represent you in dealings with regulatory authorities.
A: Look for a lawyer with experience in accounting and auditing laws, a track record of successful cases, and a good understanding of the local regulatory landscape in Singapore.
For more information on accounting and auditing laws in Singapore, you can refer to the Accounting & Corporate Regulatory Authority (ACRA) website or seek guidance from professional accounting and auditing organizations like the Institute of Singapore Chartered Accountants (ISCA).
If you require legal assistance in accounting and auditing matters, it is recommended to consult with a qualified lawyer who specializes in this area of law. They can provide legal advice, representation, and guidance to help you navigate the complexities of accounting and auditing laws in Singapore.
