Audit Services Singapore
An audit is required for all companies in Singapore unless your company is exempted from audit. A company is exempted from audit if all following conditions are met: Turnover/Sales is less than S$5 million, and There are no corporate shareholders, and Number of shareholders is less than 20 persons,
An audit is required for all companies in Singapore unless your company is exempted from audit. A company is exempted from audit if all following conditions are met:
- Turnover/Sales is less than S$5 million, and
- There are no corporate shareholders, and
- Number of shareholders is less than 20 persons, and
- Company must be a Private Limited company, and
- All shareholders agree to audit exemption.
All other companies which are not exempted are required to appoint an auditor within 3 months of incorporation and be prepared to submit audited accounts to ACRA. The accounts must be audited annually.
Appointing an experienced and professional auditor is essential to keeping your books compliant and in order with all ACRA regulations. Audit services are provided by our affiliate licensed public accountant with years of expertise in the field.
Pricing information
Estimated fee for Singapore Statutory Audit
Auditing of small company with simple structure & operations
SGD$1,000 to SGD$2,500
Auditing of medium size company
SGD$2,500 to SGD$4,000
Auditing of medium size company
SGD$4,000 to SGD$8,000
FAQs
Audit service FAQs
These answers restate the audit exemption and appointment information on this page.
When is a company exempted from audit?
A company is exempted from audit if its turnover or sales is less than S$5 million, it has no corporate shareholders, it has fewer than 20 shareholders, it is a Private Limited company, and all shareholders agree to audit exemption.
When must an auditor be appointed?
Companies that are not exempted are required to appoint an auditor within 3 months of incorporation.
How often must accounts be audited?
The accounts must be audited annually.
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