Companies Act (Chapter 50): Primary legislation governing corporate entities in Singapore, requiring proper record-keeping, corporate governance compliance, and financial documentation standards for business operations including cash management.
Employment Act (Chapter 91): Legislation governing employment relationships in Singapore, relevant for defining responsibilities and accountability of employees handling petty cash.
MAS Guidelines: Regulatory guidelines from the Monetary Authority of Singapore specifying cash handling procedures and internal control requirements for financial management.
Income Tax Act (Chapter 134): Tax legislation specifying record-keeping requirements for tax purposes and documentation requirements for business expenses, including petty cash transactions.
Goods and Services Tax Act (Chapter 117A): GST legislation outlining requirements for maintaining GST records and receipts, and documentation requirements for GST-qualifying expenses paid through petty cash.
AML/CFT Regulations: Anti-Money Laundering and Countering the Financing of Terrorism regulations specifying cash transaction reporting requirements and record-keeping obligations.
Internal Company Policies: Organization-specific policies and procedures governing petty cash management and internal controls.
Singapore Accounting Standards: Standard accounting practices in Singapore that must be followed for proper financial record-keeping and reporting.
Corporate Governance Guidelines: Best practices for corporate governance in Singapore, including financial management and internal control procedures.
