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The Accounting and Corporate Regulatory Authority

ACRA

ACRA (The Accounting and Corporate Regulatory Authority) in Singapore mandated the financial report filing requirements. Accordingly, companies need to file their financial statements in XBRL with effect from 3 March 2014. The revised XBRL filing requirement is applicable for companies filing their financial statements with periods ending on or after 30 April 2007. All Singapore incorporated companies are required to file financial statements with ACRA, except for those which are exempted. Some companies will file a full set of financial statements in XBRL format, while some others will file only salient financial data in XBRL format and a full set of financial statements in PDF. The filing requirements depend on the type of company you own (see table below)

 

Type of company Financial statements you need to file
Public / private companies (limited or unlimited by shares), except those under (a) and (b) below Full set of financial statements in XBRL format.
(a) Specific companies regulated by MAS, such as commercial banks, merchant banks, insurance companies, and finance companies*

*Companies other than the specified types (e.g. money changers) are required to file a full set of XBRL financial statements

Financial Statements Highlights in XBRL format, plus PDF copy of the financial statements.
(b) Companies permitted to use accounting standards other than SFRS, SFRS for Small Entities, and IFRS**

** SFRS stands for Singapore Financial Reporting Standards and IFRS stands for International Financial Reporting Standards

Financial Statements Highlights in XBRL format, plus PDF copy of the financial statements.
Solvent Exempt Private Companies (EPCs) Exempted from filing financial statements. Nonetheless, you are encouraged to file the full set of financial statements or the financial statement highlights in XBRL format.
Insolvent EPCs You must either:
(a) file a full set of financial statements in XBRL format, or(b) Financial statements highlights in XBRL format, plus a PDF copy of the financial statements.
Companies limited by guarantee PDF copy of the financial statements
Foreign companies, or local branches of foreign companies PDF copy of the financial statements

 

For more information refer ACRA website

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