FRC, ACRA Singapore vow stronger cooperation

The Financial Reporting Council (FRC) of Bangladesh and the Accounting and Corporate Regulatory Authority (ACRA) of Singapore held a bilateral meeting under the Ministry of Finance at ACRA's office in Singapore, according to a press release.

The meeting was attended by Md Sajjad Hossain Bhuiyan, chairman of the FRC. Anik Kumar Mallick, standard-setting officer of the Standards-Setting Division, and Kuldip Gil, assistant chief executive of ACRA, were also present.

Discussions centred on the mandates, responsibilities, and activities of both institutions, with particular emphasis on enhancing transparency and accountability in financial reporting and auditing, advancing sustainability reporting, and strengthening corporate governance frameworks.

The parties also exchanged views on accounting and auditing standards, digital reporting systems, professional development, and avenues for mutual collaboration.

Both sides expressed strong interest in pursuing joint initiatives, technical exchanges, and knowledge-sharing programmes to deepen cooperation. The engagement was described as an important step towards building a long-term partnership between FRC Bangladesh and ACRA Singapore, with the shared aim of promoting good governance, accountability, and sustainable economic growth.

Tan Wee Khim, technical director (financial reporting and standards development) at ACRA; Ng Meow Long, technical director (inspection department); Gowri Palaniappan, deputy technical director (sustainability reporting office); and other senior officials of the two organisations also attended the meeting.