Assistant Technical Director, Financial Reporting - Singapore - Accounting and Corporate Regulatory Authority

Accounting and Corporate Regulatory Authority

Verified Company

Singapore

1 week ago

Posted by:

Wei Jie

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Description

What the role is

BE PART OF A HIGH PERFORMING TEAM AT ACRA, we are always on the lookout for high performing individuals who

share our aspiration of making Singapore the best place for business.
We offer interesting and challenging work experience in Corporate Regulatory and Enforcement.

You can look forward to opportunities to collaborate with business community to design system model to drive voluntary compliance in the statutory filings of corporate and financial information of business entities.

You will manage enforcement projects and serve as the liaison between the business community and the technical development team.

What you will be working on

As a member of the Financial Reporting and Information Department, your responsibilities include the following:
Investigate potential non-compliance with accounting standards in the financial statements of mainly listed companies:

Monitor news relating to or announcements of listed companies;
Perform review of financial statements and together with more experienced officers, identify potential material
non-compliance with the accounting standards and other laws;
Enquire with company directors (in writing and meeting) on the accounting treatments of major transactions and
balances;
Evaluate directors' responses and form a view on whether there is a material non-compliance with accounting
standards;
Together with valuation experts, identify major valuation issues during review of financial statements and form a view
on whether there is material non-compliance with accounting standards;
Prepare documents, present and facilitate discussion with accounting panel(s) and valuation panel; and
Together with legal officers and other enforcement agencies, perform investigation and prepare cases for court
proceedings.

Develop policies and work with stakeholders to develop a progressive and forwardlooking financial reporting

ecosystem in Singapore:
Assist with the development of medium to long-term roadmap to improve the quality of financial reporting in Singapore;
Drive and/or provide inputs on the proposed changes to financial reporting requirements in Companies Act, Listing
Rules and other regulations;
Review and develop policies to achieve high compliance with accounting standards in Singapore; and
Work with stakeholders and other regulatory bodies to advocate and achieve high compliance with accounting
standards in Singapore.

Embrace design thinking, data analytics and digital solutions to monitor compliance with accounting standards, identify

potential non-compliance, analyse common non-compliances and streamline our work processes. Training and support will
be provided.

What we are looking for