Business Consulting services are provided by experienced professionals who have the expertise to assess and advise on your business. They can help you identify areas for improvement, provide guidance from a strategic standpoint, and make sure that all of your processes are running as efficiently as possible.

The primary role of the data protection officer (DPO) is to ensure that her organisation processes the personal data of its staff, customers, providers or any other individuals (also referred to as data subjects) in compliance with the applicable data protection rules.

For many businesses, outsourcing the DPO role proves to be more cost-effective than hiring a full-time internal DPO. The organization can leverage the expertise of an external DPO while avoiding the expenses associated with recruitment, training, and employment benefits.

Corporate governance refers to the system of structures, processes and people by which a company is governed. Governance means directing and managing the business and affairs of the company. The basic principles of corporate governance are accountability, transparency, fairness, responsibility, and risk management.

To prepare and submit your company’s financial statements in XBRL format, you can use the BizFinx preparation tool provided by ACRA as part of your annual returns and financial reports. This software program helps companies prepare and upload their financial statements. However, it should be noted that mistakes made on these reports can result in penalties from ACRA.

Alternatively, you can also engage the service of a corporate service provider like Allied Services to help your company prepare for XBRL conversion and filing.

Yes. Since 2007, companies that are required to file financial statements with ACRA have been required to file those financial statements in the XBRL format.

The timeline for XBRL filing are:

• Listed companies: Within five months after Financial Year End (FYE)

• Non-listed companies: Within seven months after Financial Year End (FYE)

ACRA can impose a late lodgment fee if a company fails to file its XBRL financial statements on time.