Private Company must fulfill at least 2 of the following criteria for immediate past two consecutive financial years
COMPANY CRITERIA
Revenue
Total Revenue ≤ $10M
Asset
Total Asset ≤ $1oM
Employees
Number of Employees ≤ 50
FOR A COMPANY THAT IS PART OF A GROUP
✓ Company must qualify as a small company;
✓ Entire group must be a “small group”
(Quantitative computation is same as above but it is at CONSO level)
We also perform statutory audit of accounts for branches of foreign companies pursuant to Section 373 of the Singapore Companies Act, Chapter 50.
OUR CLIENT PORTFOLIO
We have many years of audit experiences with over 300 incorporated entities namely;
We adopt an audit plan that is designed to provide reasonable assurance on whether the company’s accounting records are properly maintained and financial statements are free from material misstatement. When we perform audit, we add value by recommending good corporate governance practices to improve internal controls, deter and detect material fraud or error, thus providing credibility to the overall presentation of your financial position and performance. We are also able to give advice on your company’s structure and operations that can help you become more efficient.
An audit of the financial statements of the company comprises the statement of financial position, statement of comprehensive income, statement of changes in equity and statement of cash flows, including the notes to the financial statements and a summary of significant accounting policies.
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