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Companies in Singapore that meet statutory thresholds must have their financial statements audited under the Companies Act. We provide statutory audits to ensure your accounts are accurate, compliant with ACRA and SFRS, and trusted by stakeholders, giving you the confidence to focus on your business.
A statutory audit is a mandatory, independent review of a company’s annual financial statements. The audit verifies that the accounts present a true and fair view of the company’s financial position and are prepared in accordance with local regulations.
Beyond compliance, a statutory audit also enhances credibility with investors, lenders, regulators, and business partners by demonstrating financial transparency and accountability.
Regulatory Expertise
Our team is accredited and experienced in Singapore’s audit and accounting standards, ensuring full compliance with the Companies Act and ACRA.
Efficient Process
We adopt proven methodologies and digital tools to streamline audits and minimise disruption to your operations.
Clear Reporting
We deliver structured, transparent reports that give clarity to directors, shareholders, and regulators.
Value Beyond Compliance
Our audits highlight potential risks and financial insights that support stronger decision-making.
Meet mandatory requirements under the Companies Act.
Provide stakeholders with independent assurance on financial health.
Improve credibility when seeking financing or investors.
Enhance governance, accountability, and long-term business confidence.
When is a statutory audit required in Singapore?
A statutory audit is required if your company does not qualify as a “small company” under the Companies Act. This generally applies when revenue exceeds S$10 million, total assets exceed S$10 million, or the company has more than 50 employees.
What does a statutory audit involve?
The audit reviews your financial statements to confirm they are true and fair, and prepared in line with Singapore Financial Reporting Standards (SFRS) and ACRA requirements.
How long does a statutory audit take?
Most audits for SMEs can be completed within a few weeks once the accounts are finalised. Early preparation and organised records help speed up the process.
Why is a statutory audit important beyond compliance?
Beyond meeting legal requirements, an audit builds trust with investors, lenders, and regulators, while also highlighting areas for financial or operational improvement.