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The Accounting Services Agreement is essential for businesses in Singapore seeking professional accounting support. This contract type formalizes the relationship between accounting service providers and their clients, ensuring compliance with Singapore's strict regulatory framework, including ACRA requirements and PDPA obligations. The agreement covers crucial aspects such as service scope, professional standards, confidentiality, data protection, fee structures, and liability provisions. It's particularly important for businesses requiring ongoing accounting support, audit services, or specialized financial expertise.

1. Parties: Identification of the accounting firm and client, including full legal names, registration numbers, and registered addresses

2. Background: Context of the engagement and relationship between parties, including any relevant qualifications and licenses held by the accounting firm

3. Definitions: Key terms used throughout the agreement, including technical accounting terms and regulatory references

4. Scope of Services: Detailed description of accounting services to be provided, compliance with SFRS and other applicable standards

5. Fees and Payment Terms: Service fees, payment schedule, and related terms including any variations for additional services

6. Obligations of Parties: Responsibilities of both service provider and client, including compliance with ACRA requirements and professional standards

7. Confidentiality: Protection of sensitive information and compliance with PDPA requirements

8. Term and Termination: Duration of the agreement and circumstances under which it may be terminated

9. Liability and Indemnification: Limitations of liability and indemnification provisions in accordance with Singapore law

10. Governing Law and Jurisdiction: Specification of Singapore law as governing law and jurisdiction for dispute resolution