Companies Act 1967 · 2020 Revised Edition · Part 2 · Administration of This Act
10. Company auditors
Last amended by an amending law of 2014.
Official textFrom Singapore Statutes Online, unchanged
No person other than an accounting entity may —
accounting entity
“accounting entity” means a public accountant, an accounting corporation, an accounting firm or an accounting limited liability partnership;
knowingly consent to be appointed as auditor for a company; or
knowingly act as an auditor for a company.
Without limiting subsection (1)(b), a person acts as an auditor for a company if the person prepares any report required by this Act to be prepared by an auditor of the company.
No company or person may appoint an accounting entity as an auditor of a company without obtaining the accounting entity’s prior consent.
company
“company” means a company incorporated under this Act or under any corresponding previous written law;
For the purposes of subsection (3), the consent —
of a public accountant must be in writing signed by the public accountant;
of an accounting firm, or an accounting limited liability partnership, must be in writing signed by at least one partner of the firm or limited liability partnership; and
of an accounting corporation must be in writing signed by at least one director of the corporation.
Where an accounting firm is appointed as auditor of the company in the name of the accounting firm, the appointment takes effect and operates as if the partners of the firm at the time of the appointment, who are public accountants at that time, are appointed as auditors of the company.
accounting firm
“accounting firm” means a firm approved or deemed to be approved as an accounting firm under the Accountants Act 2004;
Where an accounting corporation is appointed as auditor of the company in the name of the corporation, the appointment takes effect and operates as if —
accounting corporation
“accounting corporation” means a company approved or deemed to be approved as an accounting corporation under the Accountants Act 2004;
the directors of the corporation who are practising as public accountants in the corporation (whether directors at the time the accounting corporation was appointed as auditor or later); and
the employees of the corporation who are practising as public accountants in the corporation (whether employed at the time the accounting corporation was appointed as auditor or later),are appointed as auditors of the company.
Terms defined in s 4
accounting corporation
Defined · s 4“accounting corporation” means a company approved or deemed to be approved as an accounting corporation under the Accountants Act 2004;
accounting entity
Defined · s 4“accounting entity” means a public accountant, an accounting corporation, an accounting firm or an accounting limited liability partnership;
accounting firm
Defined · s 4“accounting firm” means a firm approved or deemed to be approved as an accounting firm under the Accountants Act 2004;
accounting limited liability partnership
Defined · s 4“accounting limited liability partnership” means a limited liability partnership approved as an accounting limited liability partnership under the Accountants Act 2004;
company
Defined · s 4“company” means a company incorporated under this Act or under any corresponding previous written law;
corporation
Defined · s 4“corporation” means any body corporate formed or incorporated or existing in Singapore or outside Singapore and includes any foreign company but does not include —(a)any body corporate that is incorporated in Singapore and is by notification of the Minister in the Gazette declared to be a public authority or an instrumentality or agency of the Government or to be a body corporate which is not incorporated for commercial purposes;(b)any corporation sole;(c)any cooperative society;(d)any registered trade union; (da)any platform work association registered under the Platform Workers Act 2024; or(e)any limited liability partnership;
director
Defined · s 4“director” includes any person occupying the position of director of a corporation by whatever name called and includes a person in accordance with whose directions or instructions the directors or the majority of the directors of a corporation are accustomed to act and an alternate or substitute director;
limited liability partnership
Defined · s 4“limited liability partnership” has the meaning given by section 2(1) of the Limited Liability Partnerships Act 2005;
name
Defined · s 4“full name” or “name” means —(a)in the case of an individual registered under the National Registration Act 1965 — the name as it appears in the latest identity card issued to that individual under section 9 of that Act; or(b)in the case of an individual not registered under the National Registration Act 1965 — the name as it appears in the latest passport issued to that individual or such other similar evidence of identification as is available;
public accountant
Defined · s 4“public accountant” means a person who is registered or deemed to be registered under the Accountants Act 2004 as a public accountant;
Part 3
Constitution of Companies
Part 4
Shares, Debentures and Charges
Part 5
Management and Administration
Part 6
Financial Statements and Audit
Part 7
Arrangements, Reconstructions and Amalgamations
Part 8
Part 8A
Part 9
Investigations
Part 10
Dissolution
Part 10A
Transfer of Registration
Part 11
Various Types of Companies, Etc.
Part 11A
Register of Controllers, Nominee Directors and Nominee Shareholders of Companies
Part 12