Singapore legislation
Regulation 8
of Charities (Fund-raising Appeals for Local and Foreign Charitable Purposes) Regulations 2012
Regulation 8
Requirements relating to financial statements and audits of charities
Subregulation 1
A charity shall disclose in its financial statements the total amount of donations received during the period to which the financial statements relate.
Subregulation 2
The charity shall disclose in its financial statements for the financial year ending on or after 1st April 2008, and for every subsequent financial year, the total amount of sponsorships in cash and the total cost or value of the sponsored property, goods and services it paid or received, as the case may be, during the period to which the financial statements relate in accordance with receipts or other documentary evidence presented to the charity if, and only if, such documentary evidence is available.
Subregulation 3
A charity shall ensure that for the financial year commencing on or after 1st May 2007, and for every subsequent financial year, an auditor certifies in the auditor’s report of the financial statements whether the charity has complied with the requirements of regulation 7.