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Annual Auditing

Your company may be exempted from statutory audit if it is an exempt private company in which it does not have corporate shareholders, or the shareholders are less than 20. However, it is still required to prepare financial reports in a format defined by the Companies Act and Singapore Financial Reporting Standards before holding the Annual General Meeting and submit the financial reports with Form C when filing the income tax returns. Our Chartered Accountant is a qualified accountant in Singapore who has years of experience providing accounting services ensures the unaudited financial reports prepared to comply with the statutory requirements.

Why do you need to do annual audit?

  • Compliance with Regulations: Ensures compliance with Singaporean financial reporting standards and regulations, which is crucial for legal and operational transparency.
  • Objective Insight: Independent auditors provide unbiased reviews and assessments of your financial statements, which is essential for stakeholders’ trust.
  • Enhanced Credibility: Audited financial statements enhance the credibility of your business with investors, financial institutions, and other stakeholders.
  • Risk Identification: Auditors not only check for compliance but also identify areas of financial risk and potential fraud within your business.
  • Operational Improvements: Feedback from audits can lead to improvements in business processes and efficiencies, as auditors often provide recommendations for enhancing operations.
  • Aids in Tax Preparation: Properly audited accounts simplify the process of tax preparation and can help in more accurately determining tax obligations.

Audit Services that we offer

  • Statutory Audits: Conducting mandatory audits required by law to ensure compliance with local GAAP (Generally Accepted Accounting Principles) and IFRS (International Financial Reporting Standards).
  • Financial Audits: Detailed examination of financial statements and records to ensure accuracy and compliance with accounting standards.
  • Tax Audits: Specific audits designed to ensure compliance with tax regulations and to verify tax returns and payments.
  • Compliance Audits: Ensuring that the company adheres to legal and regulatory requirements beyond just financial reporting.