Supreme Acra Filing Of Financial Statements
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Who Files Annual Returns of the Company.
Acra filing of financial statements. The deadline for filing the Annual Return is 30 days from the date of the Annual General Meeting AGM. This is in accordance with section 201 and section 1971b of the Companies Act which mandates that the company is required to lay out the financial statements and file records of the AGM with ACRA. After the effective date of the revised XBRL filing requirements all companies filing financial statements with ACRA for periods on or after 30 April 2007 will have to file in accordance with the revised XBRL filing requirements.
It is required by The Companies Act to prepare financial statements of a company. Singapore incorporated publicprivate companies unlimited or limited by shares which are required to file their financial statements with ACRA will file a full set of financial statements in XBRL format according to a minimum requirement list within the ACRA Taxonomy. Set-up your online account Let us get startedTo register your online account.
This allows the shareholders a better idea of how the company is doing. In Singapore anyone who wishes to practise as a PA must apply to ACRA to be registered as a PA under the Accountants Act. Filing Financial Statements with ACRA A company is required to file its financial statements in XBRL format during the filing of annual returns if the company either.
Under the Companies Act all Singapore-incorporated companies are required to file annual returns with ACRA to ensure that the companys information on ACRAs register is up to date. The financial statements are a report on the financial health of a company. A company must attach its audited financial statements when it submits an Annual Return with ACRA.
The company would be required to file their financial statements in XBRL format during the filing of Annual return if your company is. Profit and Loss Account Statement of Financial Position ie. Each Singapore company must lodge an Annual Return AR with ACRA within 1 month of its AGM.
Filing Financial Statements in XBRL. A simple and secure online process to convert your annual financial statements to XBRL format complying with annual returns filing requirements for ACRA. The financial statements are also important for potential investors.
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