Audit Services
We provide comprehensive Singapore audit services to ensure your business financial reporting is compliant and meets the requirements of the Singapore Companies Act and financial reporting standards. Except for small companies that qualify for audit exemption, all Singapore companies must appoint an external registered public accountant as auditor within three months of incorporation and conduct annual audits. Our service scope includes statutory audit, internal audit, and compliance audit, helping businesses ensure the accuracy of financial data.
Singapore Audit Service Scope:
- Statutory Audit: Providing audit services that meet Singapore legal requirements for medium and large companies, ensuring financial statements are accurate and error-free.
- Internal Audit: Helping businesses optimize internal controls, identify potential risks, and improve management efficiency.
- Audit Exemption Consultation: For qualifying small businesses, providing consultation and support for audit exemption services to reduce the annual audit burden.
Singapore Audit Requirements and Exemptions
Small companies may be exempt from audit if they meet any two of the following three conditions:
- Annual revenue not exceeding S$10 million
- Total assets not exceeding S$10 million
- Number of employees not exceeding 50
We provide audit exemption consultation to ensure qualifying companies can reduce their annual audit burden.
Required Documents for Singapore Audit
- Company registration documents
- Annual financial statements
- Transaction records and vouchers
- Company tax computations
Audit and Tax Filing
The Inland Revenue Authority of Singapore (IRAS) requires all companies to attach audit reports and tax computations when submitting their income tax returns (Form CS/C). These documents are typically first submitted 18 months after company incorporation. Timely and accurate preparation of these documents is crucial for ensuring compliance, and the auditor must be an external independent entity.
Service Advantages
Through our Singapore audit services, you can ensure financial transparency and compliant operations, and we will help you smoothly complete the audit and tax filing process. Our audit team consists of experienced certified public accountants, ensuring every step meets ACRA and IRAS requirements, supporting your company's successful operations in Singapore.
Whether it's traditional statutory audit, internal control audit, or audit exemption consultation, we provide tailored services to meet your company's needs.
Please contact our team for more details about Singapore audit services.
