Singapore Auditing Service – Know where you stand in regard to the law
Some businesses are exempt from auditing in Singapore, depending on the nature of their operation as well as their size.
As of May 2003, Section 201A of the companies act determines that small private companies whose annual income is below $5 million Singapore dollars are exempted from auditing by law.
Dormant companies are also exempt from auditing.
Professional Audit Firm providing Auditing Services in Singapore
As a big hub of business in Asia, there is a high demand for audit services in Singapore. Even though there are many providers for such services in the country, a simple search on Google will not suffice.
To the contrary, you will need to do ample groundwork to find a credible company to do the annual audit for you. Where the finances of your business are concerned, you do not want to take any chances. You want a honed professional audit firm to do the math for you.
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Types of Audit and Assurance Services include:
- Internal Audits
- Special Audits
- Forensic Accounting
- Fraud Investigations
- Due Dilligence
Why are audit services so important?
They will help you to:
- Detect loopholes in your business’ finances so you can seal them
- Detect fraud if there is any going on
- Auditing will help you determine how much money should go to which aspect of your business.
- Independent auditing for your business will be very important to help the company leaders make the right financial decisions.
