Financial Reporting & Audit Compliance

Compilation Financial Statements and Reports Services in Singapore

Most private limited companies in Singapore are no longer required to have their accounts audited if they satisfy as a small company or belongs to a group which qualifies as a small group.

Who qualifies for audit exemption

To qualify for audit exemption as a small company, you need to meet both of these criteria:

Your company is a private company in the financial year; and
Your company meets at least two of these quantitative criteria for the immediate past two consecutive financial years:
- Total annual revenue of $10 million or less, based on your financial statements prepared in accordance with the accounting standards
- Total assets of $10 million or less, based on your financial statements prepared in accordance with the accounting standards
- 50 employees or fewer, based on the number of full-time employees at the end of your financial year

If your company is newly incorporated (less than two years old)

You qualify for audit exemption if you meet the criteria in the current financial year.

Example:

First financial year: Check if you are a private company and meet two out of three quantitative criteria that year.
Second financial year: If you did not qualify in the first year, check again using the same requirements for the second year.

Services of Auditing in Singapore | Singapore Auditing Services

Auditing Services in Singapore are important for businesses and organizations of any type and size. Auditing is one of the most important business procedures that require business owners to pay attention to every single detail. In conducting an audit, business owners have to use certain acceptable methods while still complying with the rules and regulations of the Singapore government. Auditing is also very beneficial to every business aspect. This business procedure helps you see the bigger picture of your company as well as its financial standing to support you in making intelligent business decisions based on facts and records.

Type of Audit

#1. Statutory Audit Services in Singapore

Our auditing services can meet the specific needs of businesses, and organizations, of any type and size. To meet their needs, our clients can choose the best service from our three available services namely Singapore Statutory Audit, Internal Audit Service, and Special audits Engagement.

#2. Rental Audit

We can help you figure out your revenue, landlords! Our professional auditor will get the nice job done as soon as you submit information associated with system-generating sales reports, bank statement, monthly report submitted to you, and cash roll.

Why Choose Us ?

Our auditors are equipped with excellent expertise in auditing, 30 years of experience, and training. Our certified auditors understand how vital audited financial statements are to businesses, owners/shareholders, investors, lenders, and other stakeholders. Besides, our assurance approach focuses on the financial statements and business operations of companies or organizations of all sizes. We work with some of the most successful public and private companies in Singapore so we are confident about helping your company’s auditing needs. At QI Management, will continually inform you about accounting, financial, and regulatory developments that may affect your business.

Find out more with our expert team

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