Financial
Statements
Every Private Limited Company in Singapore is legally required to annually prepare Financial Statements, either audited or unaudited, in compliance with Singapore Accounting Standards.
Financial statements offer comprehensive and vital information regarding a company's financial status, performance, cash flows, and significant developments.
What is a Financial Statement
Financial statements are essential summaries of a company's annual performance, allowing shareholders to assess investments and evaluate directors. All companies, regardless of activity level, must prepare financial statements in accordance with Singapore Financial Reporting Standards (SFRS) and International Financial Reporting Standards (IFRS).
Our professional team at Margin Wheeler can assist you with the following services:
- Full Accounting Services
- Drafting of unaudited financial statements for exempt companies & audited financial statements through our associated audit partners.
Our audit services comply with ACRA’s and IRAS’s statutory requirements.
*Fees ranges depending on the complexity of the accounts.
For companies eligible for audit exemption, preparing unaudited financial statements in compliance with the Companies Act and Singapore Financial Reporting Standards (SFRS) is mandatory. These statements are required for filing annual tax returns with IRAS and annual returns with ACRA, resembling audited statements but without an audit opinion.
What we prepare to Audit Financial Statements?
- Reviewing the accounts provided to assess the necessary adjustments needed
- Reviewing and classification of accounts into respective classes of accounts
- Notes to accounts preparation
- Financial Statement disclosures
- Preparation of full final financial report
Leave these preparation to us! Our prices start from just $500 per year!
Accounting Services Caculator
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Financial Report and Tax Computation Service Calculator
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*Fees exclude out-of-pocket expenses (S$30) and disbursement for Filing of Annual Returns (S$60)
The fees are a guideline and may differ from final quoted fee. Final fee will also depend on neatness, supporting documents, deadline and total man hours utilised.