Audit & Assurance
True and fair. Objective. Bona fide.
Statutory audits, limited reviews and due diligence by an ACRA-registered public accounting corporation — risk-focused, so the work goes where the risk actually is.
What we do
An audit that earns its fee.
An audit should do two things: give shareholders, banks and regulators an opinion they can rely on, and give you back something useful about your own business. We plan every engagement around risk — the areas where misstatement is actually likely — instead of simply repeating last year's checklist.
Statutory financial audit
Full-scope audits of financial statements under Singapore Standards on Auditing, for companies that no longer qualify for the small-company exemption, or that need an audit for shareholders, lenders, tenders or regulators. Singapore subsidiaries of foreign and multinational groups are a significant part of our audit practice — the group rules usually mean the local entity needs one regardless of its own size. You get a clear opinion, a management letter that points out real control gaps, and an auditor who explains findings in plain English.
Limited reviews
When you need assurance but not a full audit — interim figures, covenant reporting, or comfort for an incoming investor — a review engagement delivers meaningful scrutiny at a fraction of the scope.
Financial due diligence
Buying a business, or preparing yours for sale? We examine the numbers behind the story: quality of earnings, working capital, hidden liabilities, and the assumptions that make or break the price.
Who needs a statutory audit in Singapore?
A private company is exempt if it qualifies as a small company — at least two of three criteria met for the immediate past two financial years:
- Annual revenue ≤ S$10 million
- Total assets ≤ S$10 million
- 50 or fewer employees
Companies within a group assess these criteria on a consolidated group basis. Crossed the thresholds, or not sure? Run the numbers right here, read the full exemption guide, or just ask us.
Try it
The 20-second exemption check
Uses the current S$10M / S$10M / 50-employee thresholds; the test looks at the immediate past two consecutive financial years. A general guide, not professional advice.
Questions we hear every week
Does my Singapore company need a statutory audit?
Only if it fails the small-company test: two of three of revenue ≤ S$10M, assets ≤ S$10M, and ≤50 employees, measured over the immediate past two financial years (group companies test on a consolidated basis). Fail two, and an audit is required.
How long does an SME audit take?
Anticipate at least 5–8 weeks end to end — often longer, depending on the state and quality of the books maintained. Clean, reconciled records shorten it; cloud-accounting clients tend to be fastest.
What will you need from us?
Your management accounts — that means the trial balance, balance sheet and profit and loss — plus current and prior year financial statements, bank statements, sales and purchase records, fixed asset registers, agreements and statutory registers. We send a tailored request list before fieldwork starts.
What drives audit fees?
Transaction volume, entity count, record quality and risk areas (inventory, long-term contracts, foreign operations). We don't do fixed fees — we give a tight fee range after sighting your management accounts, subject only to unanticipated surprises during the audit, and any change is discussed openly before work proceeds.
Related
Not sure you even need an audit?
Start with the exemption test — it takes five minutes and could save you a year of fees.