s 6 Functions of Authority
6.—(1) Subject to the provisions of this Act, the functions of the Authority are —(a) to administer the written laws specified in the Second Schedule; (b) to report and make recommendations to, and advise the Government on, matters relating to —(i) the registration and regulation of business entities and public accountants; and (ii) the growth and development of the accountancy sector and its related fields in Singapore;[Act 36 of 2022 wef 01/04/2023] (c) to establish and administer a repository of information and documents relating to business entities and accounting entities and to provide access to such information and documents in accordance with this Act, the scheduled laws and the disclosure framework;[Act 21 of 2024 wef 09/12/2024] (ca) to oversee the strategic direction for, and promote, facilitate and assist in, the growth and development of the accountancy sector and its related fields in Singapore;[Act 36 of 2022 wef 01/04/2023] (cb) to develop, provide for or administer, or facilitate or collaborate on the development, provision or administration of, programmes, qualifications, certifications, specialisations and continuing professional developments relating to the accountancy sector and its related fields in Singapore;[Act 36 of 2022 wef 01/04/2023] (cc) to promote, develop, improve or maintain, or facilitate or collaborate on the promotion, development, improvement or maintenance of, competencies, expertise and professional standards in the accountancy sector and its related fields in Singapore;[Act 36 of 2022 wef 01/04/2023] (d) to represent the Government internationally in respect of matters relating to the registration and regulation of business entities and public accountants; (e) to promote public awareness about new business structures, compliance requirements, corporate governance practices and any other matters under the purview of the Authority; (ea) to promote, facilitate or collaborate on research and development activities for the advancement of the accountancy sector and its related fields in Singapore;[Act 36 of 2022 wef 01/04/2023] (eb) to develop or manage cooperation and exchange with other persons and organisations, including foreign and international organisations, in respect of matters relating to the accountancy sector and its related fields in Singapore;[Act 36 of 2022 wef 01/04/2023] (f) to provide a responsive and forward-looking regulatory environment for business entities and public accountants conducive to enterprise in Singapore; and (g) to carry out any other functions conferred on the Authority by this Act or any other written law. (2) The Authority may undertake any other functions that the Minister may, by notification in the Gazette, assign to the Authority and in so doing, the Authority is deemed to be fulfilling the purposes of this Act, and the provisions of this Act apply to the Authority in respect of such functions. (3) Nothing in this section is to be construed as imposing on the Authority, directly or indirectly, any form of duty or liability enforceable by proceedings before any court to which it would not otherwise be subject. (4) In subsection (1) —“accounting entity” has the meaning given by section 35A; “disclosure framework” and “scheduled law” have the meanings given by section 26.[Act 21 of 2024 wef 09/12/2024] [5/2013]