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Senior/ Principal Compliance Manager, Financial Reporting Surveillance Department

Careers@Gov
Agency: Accounting and Corporate Regulatory Authority
Job no.: 504116
Work type: Contract
Location: Singapore
Categories:Accounting, Audit, Finance, Investigation

At ACRA, we make Singapore a trusted and best place for business. Our people are proactive self-starters, empowered to create value and grow their careers in an environment that fosters trust and respect. Join us to make a difference! We now have the following exciting career opportunity available. You may also visit our career page at https://www.acra.gov.sg/careers to find out more about other career opportunities.

Job Responsibilities

As a member of the Financial Reporting Surveillance Department, your responsibilities include the following:

  • Investigate potential non-compliance with accounting standards in the financial statements of listed companies:
    • Monitor news relating to or announcements of listed companies;
    • Perform desktop review of selected financial statements and announcements;
    • Together with more experienced officer, identify potential material non-compliance with the Singapore Financial Reporting Standards (SFRS) and the Companies Act;
    • Conduct meetings with directors of listed companies to discuss concerns;
    • Draft enquiry letters to directors to gather the fact pattern and supporting documents;
    • Assess directors' responses and supporting documents. Evaluate and form a view on whether there is a material non-compliance with accounting standards;
    • Prepare documents and moderate discussion by accounting panel(s), comprising highly experienced practitioners, directors and other stakeholders in Singapore on the non-compliance(s) with accounting standards;
    • For valuation related issues, prepare documents and moderate discussion by a valuation panel, comprising highly experienced valuers in Singapore; 
    • Where needed, take statements of directors, CFOs and audit partners for investigation purposes;
    • Coordinate enforcement action or collaborate with other agencies for joint investigations.
  • Develop policies and work with stakeholders to improve the quality of financial reporting in Singapore:
    • Monitor accounting and related regulatory developments globally and consider their impact to Singapore;
    • Drive or provide inputs on proposed changes to financial reporting and audit requirements in Companies Act, Listing Rules and other regulations;
    • Work with stakeholders to assist company directors in discharging their financial reporting related duties and improve the quality of financial reporting;
    • Analyse common non-compliances with accounting standards and assess how to address them more effectively in the eco-system.
  • Adopt design thinking, data analytics and leverage on technology (e.g. robotic process automation) to continually improve risk-based selection and streamline our work processes. Training and support will be provided.

Job Requirements

  • Have the passion to improve the quality of financial reporting in Singapore.
  • Professional training in Accountancy.
  • Minimum 5 years of experience dealing with accounting, special audit work, valuation or investigation. Forensic experience will be an added advantage.
  • Good knowledge of accounting standards and if not available, keen to acquire it. Training and support will be provided.
  • Have an eye for detail, as well as a questioning and analytical mind.
  • Strong written and communication skills.

We regret to inform that only shortlisted candidates will be notified.

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