Auditing is the process of examining and verifying a company’s financial records and statements to ensure accuracy, compliance with accounting standards, and adherence to relevant laws and regulations. An audit provides assurance to stakeholders, such as investors, creditors, and regulators, that the financial information presented by the company is reliable and accurate.

In Singapore, companies are generally required to undergo an annual statutory audit if they meet certain criteria, such as being a private limited company with corporate shareholders, having annual revenue exceeding SGD 10 million, or having more than 50 employees. Companies that meet the definition of a “small company” may be exempt from the statutory audit requirement.

A “small company” in Singapore is defined as a private company that meets at least two of the following three criteria for two consecutive financial years: total annual revenue of not more than SGD 10 million, total assets of not more than SGD 10 million, and no more than 50 employees. If a company qualifies as a small company, it may be exempt from the statutory audit requirement.

Engaging our company for auditing services can offer several benefits for your business, as we work closely with reputable audit partners in Singapore. By leveraging our strong relationships with these partners, we can provide you with access to a network of experienced and qualified auditors who have in-depth knowledge of the local regulatory landscape and accounting standards. This collaborative approach ensures that your audit is conducted efficiently, accurately, and in compliance with Singapore’s specific requirements. Furthermore, our audit partners can offer valuable insights and recommendations to help improve your financial management, identify potential issues or irregularities, and ensure that your business maintains a strong financial foundation, ultimately enhancing your credibility with stakeholders.

We offer a wide range of auditing services, including statutory audits, internal audits, special purpose audits, and review engagements. Our team can also provide assistance with financial reporting, regulatory compliance, and risk management to ensure that your business maintains a strong financial foundation.

The timeline for an audit engagement may vary depending on the size and complexity of the business, as well as the scope of the audit. We will provide an estimated timeline during the initial consultation and keep you informed of our progress throughout the audit process.

To get started, simply contact us via phone, email, or through our website. Our team will be happy to discuss your needs, provide a quote, and help you initiate the audit process. We look forward to working with you to ensure the accuracy and reliability of your financial statements.