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Singapore Audit2022-07-20T11:05:01+08:00

SINGAPORE AUDITING SERVICES

To establish brand credibility and reduce the chances for fraud, auditing is practiced among companies. Here are the audit services in Singapore that we provide:

Tax exemptions in Singapore
  • Annual Financial Audit
  • Special Purpose Audit
  • Certification for Subsidy Claim Audit
  • Fixed Assets Certification
  • Claim Certification
  • Shares Certification
  • Personal Income Certification
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AUDIT EXEMPTION: ARE YOU QUALIFIED?

Small companies are exempted from audits in Singapore. Here’s the list of criteria to qualify for audit exemptions for private companies in Singapore – at least 2 out of 3 criteria for the immediate past 2 consecutive financial years must be met:

Audit exemption criteria

GROUP COMPANY AUDIT REQUIREMENTS FOR EXEMPTION

Requirements for group company audit exemptions

To qualify for the audit exemption, the individual subsidiary companies as well as the holding company, as a group, must fulfil the eligibility criteria of a small company.

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6 REASONS WHY YOU SHOULD CONDUCT A COMPANY AUDIT

Although you may be exempted from an audit, there are many benefits of engaging an audit firm in Singapore. Here are the 6 reasons why:

YOUR TRUSTED SINGAPORE AUDITOR IN SINGAPORE

As a certified public accounting firm (CPA) in Singapore and a full practicing member of the Institute of Singapore Chartered Accountants (ISCA), we are able to issue IRAS approved audit report that meets the needs of your company.

Your company’s audit function is in good hands with our professional Singapore certified auditors.

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Singapore Audit FAQs

Extend your understanding about audit in Singapore and the services that audit firms provide with these top 6 questions that we got asked most.

What are auditing services?2022-06-27T16:22:42+08:00

Auditing services are professional services that provide compliant financial statements and ensure that the finances are in order before communicating to key stakeholders.

How much does an auditing service cost?2022-06-27T16:22:22+08:00

An auditing service cost is dependent on the amount of work needed to be done and typically starts from S$4,500.

How long is the auditing process in Singapore?2022-06-27T16:22:01+08:00

The timeframe for auditing is very dependent on the capacity and complexity of your business. It is usually derived after initial consultation with the audit firm.

How often do companies need to be audited?2022-06-27T16:21:45+08:00

Every company must have its financial statements and accounting records audited at least once a year. Only companies which fulfil the criteria for audit exemptions do not have to be audited.

When do I need to Appoint an Auditor for my Company?2021-05-21T17:47:25+08:00

You should nominate at least one auditor within 3 months after your company is incorporated.

Do Foreign Companies in Singapore have to be Audited?2021-05-21T17:40:07+08:00

Only the Singapore-based companies which have fulfilled the criteria for audit exemptions are allowed to remain unaudited. This is also true of all foreign companies based in Singapore.

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WHAT IS AUDIT IN SINGAPORE

Get more insights to auditing and what are the common audit services in Singapore.

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THE GOOD WORDS

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REGIONAL PRESENCE, GLOBAL REACH

With strong presence in Singapore, and other key Asian markets, we are confident in delivering audit reports that boost investors’ confidence in your business.

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