List of Auditing Companies

An audit is a service necessary for any company, both very small and large-scale. An audit is in demand, and therefore there are many audit companies. However, experts note that the structure of this market is changing.

The main function of auditing companies is the effective examination of the reporting documentation of enterprises. Auditors will health check the construction of accounting and management accounting, as well as financial and tax processes. To provide quality audit services, you should contact professionals.

Those professionals will advise the company’s management on cost optimization, as well as increasing profitability. Independent experts will develop the correct strategy and tactics for the company’s behavior in the market.

We have prepared the listing of auditing companies in Singapore that will fulfill your needs.

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Audit in Singapore

For some companies, audits are an obligation, for others they are a necessary preventive measure to minimize tax risks, for others they are an indicator that makes it possible to control and evaluate management decisions.

But for any company, regardless of the purpose of audit expertise, it is necessary to choose the right provider. Today, many firms offer audit services in Singapore.

Every Singaporean company is required to comply with the following legal requirements: filing an annual return (Annual Return / AR) and annual financial statements with the Accounting and Corporate Regulatory Authority of Singapore (ACRA), holding a general annual meeting of shareholders, and annual tax return filing with the Inland Revenue Authority of Singapore (IRAS).

Audit in Singapore is required to be carried out only by medium and large enterprises, and therefore, if you are just starting a business, you do not need to rush to find auditors.

If the turnover of your company exceeds 10 million SGD, then the annual accounts must be audited. Audit companies in Singapore can help with this. They provide a full range of legal and audit services in Singapore and will be happy to offer you assistance. 

Under the current Singapore Companies Law, an audit may not be carried out by:

• exempt private companies (Exempt Private Company — EPC) with an annual turnover of up to 5 million SGD, registered before July 1, 2015; 
• exempt private companies with annual turnover up to 2.5 million SGD registered on or after May 15, 2003 but before July 1, 2015;
• companies (including exempt ones) registered on or after May 15, 2003, but inactive during the financial year; 
• companies that meet the “small firm” criteria for that financial year and are incorporated on or after June 1, 2015; 
• small companies belonging to small groups.

In our list of audit companies, you will find service providers that will help with statutory audits, group consolidation audits, Management Corporation Strata Title audit, rental audit, NGO audit, special purpose audit, due diligence, Building and Construction Authority audit and so on.

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