> Compilation Report

Audit and Assurance

We plan our audit to ensure we meet all your requirements. We work fast and efficiently for every of our engagements to ensure timely delivery of fairly stated financial statements for your statutory filing and other purposes. We are also mindful of our costs to ensure the fee we charge is very competitive in the market and yet without compromising our service quality. We provide the following audit services:

  • Statutory;
  • MCST;
  • Charity;
  • Grants;
  • Co-operative Society

Our audit is carried out to ensure the financial statements are presented fairly in accordance with the Singapore Financial Report Standards and the Singapore Companies Act for filing with the Comptroller of Income tax and Accounting and Corporate Regulatory Authority of Singapore (“ACRA”). We work fast and efficiently to meet your requirements.

Compilation Financial Statements

Opting for non-audit services

Today, many companies opt for non-audit services. A non-audited report, also called compilation report will be a better option for company to meet the same compliance requirement. It is less costly. A typical audit job may cost S$5,000 to $10,000 and 2 to 3 months to complete. A compilation report may cost only $300- $600 and 2 -3 days to finish.

Sufficient for tax filling and annual return

A compilation report will give you the comfort that the information is compiled with professional competence and due care. It is sufficient for income tax filing annual return filing purpose.

What a compilation report consists

A full set of financial statements (compilation report) should including explanatory notes and accompanied by the Directors' Report and the Statement by Directors. It needs to be prepared in compliance with the Singapore Financial Reporting Standards ("SFRS").

What are the companies exempted for audit

Your company may be exempted for audit if:
  • There is no corporate shareholder in the company
  • The number of shareholders is less than 20
  • Annual revenue of the company does not exceed S$5 million
  • Majority shareholders (95%) agree

Check our Service Fees guide or contact our consultants for a fee quote

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