AMENDMENTS TO COMPANIES ACT Passed on 5 Nov 2025!

24/11/2025

Amendments to the Companies Act was passed to strengthen the regulatory framework for companies, including increasing safeguards against the misuse of companies for unlawful purposes, protecting shareholders’ interests, lowering regulatory burden on companies, and promoting greater personal accountability for public accountants in the auditing profession.

One of the changes requires the public accountant who is primarily responsible for an audit engagement to be identified in the audit report itself.

Source: https://www.straitstimes.com/singapore/politics/company-directors-to-face-heavier-penalties-if-they-fail-to-act-in-the-best-interest-of-firms

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