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Statutory audit is the legally required review or examination of the accuracy and fairness of a company’s financial report. It is an external audit that is conducted annually to meet regulations required by legislation.
In Singapore, all incorporated companies are required by ACRA (Accounting and Corporate Regulatory Authority) to undergo statutory auditing to prepare for accurate financial reports unless exempted. ACRA requires that companies appoint an auditor within 3 months of incorporation, failure to appoint an auditor within the stipulated time or ensure error-free reports is a punishable offense and may incur penalties.
As such it is necessary to engage a professional service that can deliver compliant and meticulous statutory audits. Prestige PAC’s audit team strives to deliver top-quality audit services for clients from every industry.
Developing and implementing risk-based internal audit |
Preparing compliant friendly auditing reports according to Financial Reporting Standards |
Providing consulting services to improve the performance of a business |
Assisting clients in identifying areas of improvement in their operations and management to enhance efficiency and productivity |
about our statutory audit services and how Prestige PAC can assist you in accomplishing your goals, do reach out to us for more information. Engage us and enjoy unparalleled corporate and advisory solutions to guarantee your pathway to success.
Tel: +65 6386 5157
Email: info@prestigepac.com
Address: 3 Philip Street, #09-02, Royal Group Building,
Singapore 048693
