Statutory Audit
Service
Our affiliated CPA firm provides professional Audit and Assurance Services in Singapore for diverse industries, including SMEs, multinational corporations, and listed company subsidiaries.
Our holistic assurance approach ensures the thorough evaluation of an organisations financial statements and business operations, serving as a trusted guardian of shareholders' interests.
Who should prepare the Audit?
Required
Where a company has qualified as a small company, it continues to be a small company for subsequent financial years until it is disqualified. A small company is disqualified if:
- it ceases to be a private company at any time during a financial year; or
- it does not meet at least 2 of the 3 the quantitative criteria for the immediate past two consecutive financial years.
Where a group has qualified as a small group, it continues to be a small group for subsequent financial years until it does not meet at least 2 of the 3 the quantitative criteria for the immediate past two consecutive financial years.
Exempted
A “small company” is exempt from auditing their financial statements. A company qualifies as a small company if:
- it is a private company in the financial year in question; and
-
it is a private company in the financial year in question; and
- total annual revenue not exceeding $10m;
- total assets not exceeding $10m;
- no. of employees not more than 50;
For a company which is part of a group:
- the company must qualify as a small company; and
- entire group must be a “small group” to qualify to the audit exemption.
For a group to be a small group, it must meet at least 2 of the 3 quantitative criteria on a consolidated basis for the immediate past two consecutive financial years.
Internal Audit Service
Internal audit is crucial for management control, risk management, corporate governance, and process improvement. Our comprehensive solutions include:
- Helping organizations develop and implement risk-based internal audit methodologies
- Helping firms carry out a risk assessment, evaluation, and testing
- Advising on the establishment of robust internal control systems
- Providing specialized additional resources to in-house internal audit departments
- Liaising with external auditors concerning their annual statutory audit procedures
Special Audit Service
A special audit review involves a comprehensive and objective examination of the business practices underlying the numbers. It assists the management team in identifying and focusing on key areas and issues while providing insights and assurance to relevant companies and stakeholders.
Send us your management account today to get your quotation for our audit services.