A detailed computational study is performed on the singlet potential energy surface (PES) for possible isomerization and dissociation reactions of CH3CHO at the DFT (B3LYP/6-311++G(d,p)) and CCSD(T)/cc-pVTZ//B3LYP/6-311++G(d,p) levels. The pathways around the equilibrium structures can be discovered by the scaled hypersphere search (SHS) method, which enables us to make a global analysis of the PES for a given chemical composition. Fourteen isomers inclusive of 11 single-molecules and three "non-stabilized" oxygen-based ylides, 5 energetically favored complexes, and 79 interconversion transition states have been found on the singlet PES. Four lowest lying isomers with thermodynamic stability are also kinetically stable with respect to metastable intermediates. It was revealed that vinyl alcohols, which could be generated by the tautomerization of acetaldehyde, could undergo dissociation to form acetylene and water. In addition, recombination channels between some fragments, such as H2CO + (CH2)-C-1 and (CHOH)-C-1 + (CH2)-C-1, are energetically accessible via collision complex or oxygen-based ylides. Most of available unimolecular decompositions are found to be responsible for favorable hydrogen abstraction processes.