We are Chartered Accountants and Public Accountants of Singapore registered with ACRA. We provide the following auditing services:-
• Statutory Audit of Financial Statements
• Charity Audit
• Gross Turnover Audit
• Sales Audit
• Grants & Subsidiaries Audit
We set to work with our clients closely to so as to have a smooth audit process. We understand our clients’ business nature and their business so that we can work hand-in-hand with our clients to address all of the audit issues. Together with our clients, we are able to perform our audit services in Singapore in an organized and timely manner.
People engage us because ...
Am I required to be audit?
To determine whether an audit is necessary, companies will have to assess whether they meet the audit exemption criterion. The Companies (Amendment) Bill 2014 was passed by Parliament in October 2014 and among the key changes introduced was the “Small Company” concept. The small company qualifying criteria apply to private companies who meet at least 2 of 3 following criteria for the immediate past two consecutive financial years:
• Total annual revenue ≤ S$10m;
• Total assets ≤ S$10m;
• Number of employees ≤ 50
The new audit exemption guidelines are intended to help reduce regulatory costs for smaller companies that do not have wide market impact. If you are uncertain as to whether your company requires an audit, please feel free to contact us and our experts will advise you accordingly.
Companies Exempted From Audit Requirement
Companies which are exempt from audit requirement are still required to prepare financial statements and file annual returns with the Accounting and Corporate Regulatory Authority (ACRA). You may refer to our service ‘Compilation of Financial Statement” or just call us to find out more.