Auditing

Companies in Singapore that meet statutory thresholds must have their financial statements audited under the Companies Act. We deliver end-to-end audit services to ensure your accounts are accurate, compliant with ACRA and IRAS, and trusted by stakeholders – so you can focus on growing your business.

Auditing Services Overview

An audit is an independent, professional examination of financial statements or specific financial information to ensure accuracy, transparency, and compliance with applicable reporting standards. It helps stakeholders such as investors, regulators, and management gain confidence in the integrity of your business’s financial reporting. Audits also aid in identifying operational inefficiencies, preventing fraud, and supporting better-informed decision-making.

Why Choose Us

Local Expertise & Accreditation

Our team is fully accredited and experienced in Singapore’s accounting and audit regulations, ensuring your audit meets statutory requirements.

Comprehensive Scope

From statutory audits to specialized audits across diverse industries, we tailor our services to the unique needs of each business.

Customizable, Efficient Approach

By combining proven methodologies with technology, we deliver accurate results promptly, minimising disruption to your operations.

Business-Centric Insights

Our audits go beyond compliance by highlighting financial strengths, risks, and areas for improvement, empowering you to make better strategic decisions.

Our Audit Service Offered

Statutory Financial Statements Audit

A mandatory audit to ensure your financial statements comply with regulatory standards such as IFRS, MFRS, or local equivalents.

SPECIAL PURPOSE AUDIT

Audits tailored for specific needs such as grant claims, due diligence, or contractual compliance, providing independent assurance to meet particular reporting requirements.

Frequently Asked Questions

We provide statutory audit services to support companies in fulfilling Singapore’s annual filing obligations, ensuring that financial statements and accounting records comply with regulatory standards.

What kind of firm must undergo an audit in Singapore?

Every registered company in Singapore is expected to file financial statements as well as have their accounting records and statements officially audited annually, unless they are exempted from doing so.

What are the benefit of an audit for a Singapore company?

There are a number of benefits of an audit, including:

  • Independent and objective assessment – An audit offers an unbiased and impartial assessment of a company's financial performance, which can foster confidence and trust among stakeholders, including shareholders, creditors, and clients.
  • Risk management – An audit can assist the business in identifying and controlling financial risks like fraud, anomalies, and errors.
  • Compliance – An audit verifies that the business complies with all applicable laws, rules, and pertinent accounting standards.
  • Identifying areas for improvement – A company's internal controls and financial management may both benefit from reform, which can increase efficiency and effectiveness.
  • Competitive advantage – Given that it displays the company's credibility and financial stability, a clean audit report can provide a company with an edge over rivals in the same industry.
  • Better decision-making – An audit produces reliable and precise financial data that can assist the company in making more informed decisions regarding its future.

Is an audit required for all companies in Singapore?

No, not all companies are required to undergo an audit. Small companies that meet the exemption criteria (revenue, assets, and employee thresholds) can file unaudited financial statements. However, many businesses still choose to be audited voluntarily to enhance transparency, attract investors, and improve governance practices.

Contact us today to schedule a consultation with experts.