Strengthen Your Business with Audit Services Singapore
In short: Every Singapore company must have its financial statements audited each year unless it is exempt. A private company is exempt as a small company if it meets at least 2 of these 3 criteria for the immediate past two consecutive financial years: total annual revenue of $10 million or less, total assets of $10 million or less, and 50 or fewer employees (ACRA: audit exemptions; Companies Act section 205C). Dormant companies may also be exempt under section 205B. Paul Hype Page & Co is registered with ACRA as a public accounting firm (UEN T08PF0923L).
2026 update: On 26 February 2026, ACRA announced a review of the audit exemption framework, with industry consultation, to reduce compliance costs for small companies (ACRA announcement). This is a review, not a change in the rules, so check ACRA’s audit exemption page for the criteria in force.
Last reviewed: October 2026
Reduce the risk of internal fraud and enhance transparency through high-quality audit services in Singapore. Our Audit Services Singapore team adds credibility to financial reports shared with shareholders and gives investors greater confidence in their decision-making process. Our qualified auditors bring professional expertise to ensure compliance and build trust across all levels of your business.
The Auditing Need in Singapore
Outsourcing audit services to Paul Hype Page & Co. streamlines essential processes like compliance checks, financial reporting, and internal control reviews—allowing businesses to concentrate on strategic priorities.
Our audit professionals deliver accurate assessments and promote financial transparency. In addition, we provide actionable insights that help improve cash flow management, evaluate operational efficiency, and uncover opportunities for long-term growth.
Related Read: Tax Residency in Singapore
Statutory Audit Requirements for Singapore Private Companies
Under the Companies Act, all private limited companies in Singapore must appoint an auditor within three months of incorporation. The auditor must be either a public accountant or a registered accounting firm.
More Than Just Legal Compliance
Auditing not only fulfills regulatory obligations but also builds brand credibility and mitigates fraud risks. It offers a formal review of financial records and internal processes to ensure full compliance with Singapore’s legal standards.
In-House vs. Outsourced Auditing: Which Is Right for Your Business?
Companies may choose between in-house audits for internal control or outsourced audits for greater independence, regulatory compliance, and industry expertise—especially under Singapore’s ACRA guidelines.
Our Offered Audit Services
We specialize in delivering comprehensive audit services in Singapore, ensuring accurate financial reporting and full compliance with statutory regulations. Our expertise encompasses conducting thorough audits, certifying financial statements, and providing strategic recommendations to enhance your business’s financial integrity and operational performance.
Are You Ready to Appoint an Auditor in Singapore?
Our firm has delivered trusted audit services to companies across Singapore, Malaysia, Indonesia, and Hong Kong. With a team of dedicated professionals, we ensure your company’s audit process is handled with precision and care.
Improved operations through effective internal control evaluations
Full financial integrity ensured through a rigorous audit framework
Accurate, reliable reports — with no compromise on quality
Let us support your business with audit solutions that align with both compliance and long-term success.
Documents and Information Needed for a Smooth Audit Process
To carry out a statutory audit efficiently, your chosen Singapore audit firm will need access to a complete set of documents and company records. Here’s what you should prepare:
Full financial records, including your general ledger, trial balance, and accounting schedules.
Supporting documents, such as invoices, bank statements, contracts, and receipts.
Corporate governance documentation, including board resolutions and statutory registers.
Management access: Auditors may request interviews or clarifications from directors or senior staff.
Preparing these materials in advance enables the auditors to complete their work efficiently, ensuring your compliance with Singapore’s statutory audit obligations.
Key Statutory Deadlines for Singapore Companies
For companies that require statutory audits in Singapore, adhering to strict financial reporting timelines is essential. According to Singapore’s Companies Act:
Non-listed companies must hold their annual general meeting (AGM), where the audited financial statements are presented, within 6 months after the financial year end (FYE). A private company can skip the AGM if it sends its financial statements to all members within 5 months after FYE (ACRA: AGM due dates).
Non-listed companies must then file their Annual Return with ACRA within 7 months after FYE (ACRA: annual return deadlines). The Corporate Income Tax Return (Form C-S, Form C-S (Lite) or Form C) is filed separately with IRAS by 30 November each year (IRAS: filing due dates).
Failing to meet these deadlines can result in penalties, compliance notices, or enforcement actions from ACRA or IRAS. Timely preparation with your audit firm ensures regulatory compliance and protects your company’s reputation in Singapore.
What Determines the Cost of an Audit in Singapore?
Size of the company – Larger companies with more financial data require longer audit periods.
Volume of transactions – Companies with high-frequency transactions typically incur higher fees due to increased verification work
Complexity of operations – Businesses with foreign subsidiaries, group consolidation, or multiple revenue streams will face more detailed audit requirements.
To reduce costs and improve readiness, businesses in Singapore should maintain clean financial records and prepare documents well in advance of audit season. Partnering with an experienced Singapore audit firm can help simplify the process and manage costs effectively.
Do I Qualify for Audit Exemption?
Your Trusted Singapore Auditor in Singapore
Paul Hype Page is a certified accounting firm (CPA) in Singapore and a full-practicing member of the Institute of Singapore Chartered Accountants (ISCA). Our audit reports are prepared under the Singapore Standards on Auditing (SSAs) to meet both the Companies Act’s requirements and your company’s needs. The audit function of your company is in good hands with our professional Singapore-certified auditors.
Our Other Certified Audit Services
We also certify the following financial information, statement, and statistics through our certification audit.
Fixed Assets Certification
Claim
Shares Certification
Personal Income Certification
What Our Clients Say About Our Audit Services
Eric Lai
I had an outstanding experience with Eric and his team at Paul Hype Page. From the very first consultation, they were professional, attentive, and proactive in addressing all my concerns. The process of setting up my company and securing my Employment Pass was seamless — everything was handled efficiently and transparently. I truly appreciated their clear communication and dedication. I highly recommend their services to anyone looking for reliable business and immigration support in the region.
Our 2 Decades of Proven Expertise Will Guide Your Business
With over 20 years of experience across Singapore, Malaysia, Indonesia, and Hong Kong, we’ve successfully incorporated more than 2,000 companies in various jurisdictions.
In Singapore, our high success rate in securing work passes and handling complex regulations reflects our commitment to client success
As trusted advisors, we use strategic networks and market insights to streamline the Singapore company registration process—helping businesses build a strong foundation in a competitive environment.
Frequently Asked Questions
Auditing a company can be daunting – here are the top questions regarding Auditing Services in Singapore compiled to clear your doubts!
Our Singapore Auditing Guides
Get more insights to auditing and what are the common audit services in Singapore.
Related guides: When does a Singapore company need an audit?; Appoint an auditor or rely on audit exemption?; Does a private company need an audit every year?; Small company and dormant audit exemptions; An essential guide to Singapore auditing.
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