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COMPANY CRITERIA

Private Company must fulfill at least 2 of the following criteria for immediate past two consecutive financial years

  • REVENUE

Total Revenue is less than $1o Million

  • ASSET

Total Asset is less than $1o Million

  • EMPLOYEES

Number of Employees less than 50

COMPLETE SET OF FINANCIAL STATEMENT INCLUDES

✔ STATEMENT OF FINANCIAL POSITION

✔ INCOME STATEMENT

✔ STATEMENT OF CASH FLOW

✔ STATEMENT OF CHANGES IN EQUITY

✔ COMPREHENSIVE INCOME

✔ FINANCIAL STATEMENT NOTES

✖ NO ASSURANCE OF THE FINANCIAL STATEMENT WILL BE EXPRESSED

We provide compilation service for Exempt Private Company (EPC) to assist the Companies in preparation and presentation of financial statements in accordance with Singapore Financial Reporting Standards (FRS) or Singapore FRS for Small Entities.

Since this is not an audit, the accuracy and completeness of the financial statements remain the responsibility of the Companies.

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