Key Note

Reduce the chances of fraudulent activities inside your company through top-notch audit services in Singapore. Add credibility to information presented to shareholders & give investors assurance to make decisions with confidence. Get professional audit services from our experienced qualified auditors.

The Auditing Need in Singapore

Mandatory Statutory Audit for Singapore Private Companies

Singapore’s Companies Act requires all private limited companies to appoint an auditor within three months of incorporation. This auditor must be a public accountant or registered accounting firm.

Beyond Legal Compliance: The Benefits of Auditing

Auditing helps establish brand credibility and reduce fraud risks. It provides a formal assessment of a company’s financial records and procedures to ensure compliance with Singapore’s legal requirements.

In-House vs. Outsourced Auditing Services

Companies can choose between internal (in-house) auditing or external (outsourced) accounting services to conduct their statutory audits.

Our Offered Audit Services

Annual Financial Audit

Fixed Assets Certification

Special Purpose Audit

Claim Certification

Certification for Subsidy Claim

Shares Certification

Audit

Personal Income Certification

Our audit services ensure transparency, uphold regulations, and strengthen stakeholder trust in your financial operations.

Am I Qualified for Audit Exemption?

Small Companies

Small companies are exempted from audits in Singapore based on a list of criteria. If the company meets at least 2 out of 3 criteria for the past 2 consecutive financial years, it qualifies for audit exemption.

  • Annual revenue does not exceed SGD $10 million
  • Less than 50 full-time employees
  • Assets do not exceed SGD $10 million

GROUP COMPANies

Group companies are exempt from annual audits if the holding and all subsidiary companies individually:

  • Fulfill at least 2 of the small qualifying conditions
  • Belong to a small group

Like private companies, small groups must fulfill 2 out of 3 conditions in the immediate two preceding financial years:

  • Consolidated revenue must not exceed SGD $10 million
  • Consolidated total assets must not exceed SGD $10 million
  • The total number of employees in the group must not exceed 50

To qualify for audit exemption, both the subsidiary and holding company must meet the small company criteria.

Your Trusted Singapore Auditor in Singapore

PHP Network Partner

Paul Hype Page is a certified accounting firm (CPA) in Singapore and a full-practicing member of the Institute of Singapore Chartered Accountants (ISCA). We can issue an IRAS-approved audit report that meets both the Singapore government’s requirements and your company’s needs. The audit function of your company is in good hands with our professional Singapore-certified auditors. 

Other Types of Certification Audit Services in Singapore

We also certify the following financial information, statement, and statistics through our certification audit:

Fixed Assets Certification

Claim

Shares Certification

Personal Income Certification

Other types of certification audits

Your Questions, Answered

Auditing a company can be daunting – here are the top questions regarding Auditing Services in Singapore compiled to clear your doubts!

How often the P&L Account as well as the balance sheet of a company need to be audited?

The Profit and Loss Account as well as the balance sheet need to be audited annually.

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

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.

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.

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

Singapore Audit Articles

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

What are the Benefits of Business Audits in Singapore?

What are the Benefits of Business Audits in Singapore?

Running your company without auditing? Here are some of the reasons why you should start auditing your business!

https://www.paulhypepage.com/what-are-the-different-elements-in-payroll-management/

What are the Different Elements in Payroll Management

Managing payroll in Singapore can be challenging, and furthermore, it becomes even more complex as your business grows. Ensure accurate payroll processing and compliance with Singapore’s regulations.

How to Prepare Financial Statements in Singapore?

How to Prepare Financial Statements in Singapore?

New to accounting? This guide is for you! Equip yourself with accounting basics after incorporating your company to maintain financial stability.

Financial Mastery: 12 Essential Accounting Tips for Singapore SMEs

Essential Accounting Tips for Singapore SMEs

Learn more about accounting in Singapore with these 12 tips to master your business finances!

Ready to Appoint an Auditor in Singapore?

We have provided auditing services for businesses from various industries across Singapore, Malaysia, Indonesia and Hong Kong.

With the help of our dedicated team and professional auditors, you can entrust your company’s auditing process to us.

Accurate, Reliable Auditing Reports. No Compromises on Quality.

Accurate, Reliable Auditing Reports. No Compromises on Quality.

Optimize Your Operations Through Effective Internal Controls. Let Us Evaluate.

Optimize Your Operations Through Effective Internal Controls. Let Us Evaluate.

Ensure Financial Accuracy and Integrity Through Our Rigorous Audit Process.

Ensure Financial Accuracy and Integrity Through Our Rigorous Audit Process.