Improve Financial Confidence with Expert Auditing

Audits play a critical role in fostering trust and transparency within businesses. Our audit services offer clients an independent, thorough examination of their financial statements, bolstering confidence among stakeholders, investors, and regulators. We conduct statutory audits to confirm that financial statements present a fair view of a company’s financial position, as required by law. We also conduct compliance audits to ensure adherence to relevant laws, industry standards, and internal policies. Our audit team leverages its vast experience to offer clients tailored recommendations that strengthen controls and add tangible value to their businesses.

300% ROI*

From SMEs business services on average

24 Hours**

Saved during tax preparation

10,000+***

Consultations advisory delivered

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Assurance & Audit Services

In the dynamic business environment of Singapore, companies face increasing scrutiny from stakeholders, investors, regulators, and the public. As businesses strive to achieve financial transparency, regulatory compliance, and operational efficiency, the need for robust and reliable assurance services becomes paramount. This is where our Assurance & Audit Services play a pivotal role in safeguarding a company’s financial integrity while fostering trust and credibility.

Accurate, Insightful, and Compliant Audits

But we don’t stop at compliance. Our audits are designed to uncover potential inefficiencies, risks, or areas of improvement in your business operations. By providing you with actionable insights, we empower you to make strategic decisions that enhance operational efficiency and financial performance.

Comprehensive and Reliable Audit Solutions

We handle everything—from scrutinising complex financial transactions to identifying risks and inconsistencies—ensuring the audit process is comprehensive, efficient, and accurate. Our reports are not just about compliance; they are a valuable resource for improving business governance and strengthening stakeholder confidence.

Tailored Support for Your Business
Our personalised approach ensures that we address your business’s specific needs, whether it’s optimising internal processes, improving financial reporting, or preparing for future growth. With us, you receive a bespoke service that supports your business at every step of the journey.

“The assurance services were top-notch, giving our stakeholders confidence in our financial integrity. Highly commendable!”

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Testimonials Star
Mr Huang, Factory Owner
Dec 2023

Ensure Your Books Are in Perfect Order – Talk to Our Auditor

Our Assurance & Audit Services

Audit & Assurance FAQ

1. Statutory Audits

A statutory audit is an independent examination of a company’s financial statements, carried out as required by law. In Singapore, most companies, except for small companies (as defined by the Singapore Companies Act), are required to have their financial statements audited annually. This requirement ensures that the financial reports are accurate and comply with the relevant accounting standards.

We conduct statutory audits to confirm that the financial statements provide a true and fair view of the company’s financial position and performance. This includes evaluating the company’s balance sheet, income statement, cash flow, and other key financial indicators. By conducting these audits, we help businesses build trust with their stakeholders, ensure that they meet regulatory requirements, and identify potential areas for improvement.

Our auditors perform a detailed review of financial records, transactions, and internal controls, ensuring that all financial information is correctly presented in accordance with the Singapore Financial Reporting Standards (SFRS). Additionally, we provide recommendations for enhancing financial management and reporting practices, ensuring that businesses remain compliant while optimising their operations.

2. Compliance Audits

Compliance audits focus on ensuring that businesses adhere to applicable laws, regulations, industry standards, and internal policies. In Singapore, businesses must comply with numerous laws such as the Goods and Services Tax Act (GST Act), Employment Act, and Income Tax Act, among others. A compliance audit examines a company’s operations to verify that it follows all relevant legal requirements.

Our compliance audits help businesses identify areas where they may be exposed to legal or regulatory risks. We conduct a thorough review of the company’s compliance with statutory requirements and industry best practices. This ensures that the business is operating within the legal framework and mitigating risks that could lead to penalties, reputational damage, or financial loss.

We also provide insights into strengthening internal controls, which helps businesses maintain robust compliance and avoid non-compliance issues. In addition, we assist businesses in understanding evolving regulatory changes and ensure that they stay ahead of the curve.

3. Internal Control Audits

Effective internal controls are crucial for any business aiming to prevent fraud, safeguard assets, and ensure operational efficiency. We offer internal control audits to evaluate a company’s internal control systems and practices. These audits focus on identifying weaknesses in controls that could lead to errors, fraud, or inefficiencies.

We provide a detailed analysis of the company’s control environment, including its accounting systems, approval processes, and risk management procedures. Our auditors identify areas for improvement and recommend best practices for strengthening internal controls. This proactive approach helps businesses minimise risks and improve operational performance.

Our Assurance & Audit Services are designed to offer businesses a thorough, independent review of their financial statements and operations, ensuring that they meet all statutory, regulatory, and internal requirements. The services we provide include statutory audits, compliance audits, and assurance services, all tailored to the unique needs of our clients.

 Full-Assurance & Audit Services in Singapore | Safeguard Your Business

Our Assurance & Audit Services are designed to provide businesses with the confidence they need to make informed decisions, foster transparency, and build trust with their stakeholders. In Singapore’s highly regulated environment, these services are critical for ensuring that businesses comply with statutory requirements, strengthen internal controls, and optimise financial management practices.

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Frequently Asked Questions

What’s the difference between audit and assurance services?

An audit is like a deep dive into your financial statements, while assurance services are broader—they include things like reviews and special reports to give confidence about other aspects of your business. Let us know what you need, and we’ll tailor our services for you.

My company’s accounts are straightforward—why do I need an audit?

Even straightforward accounts may require an audit if you don’t meet the exemption criteria. Beyond compliance, an audit adds credibility to your business, which can help attract investors or secure loans.

What are the common mistakes companies make that delay audits?

Missing or incomplete documentation and inconsistent records are big culprits. Don’t stress—we can guide you on how to stay audit-ready and avoid delays.

Do auditors only look at the numbers?

Not at all! Auditors also assess internal controls, processes, and even your operational efficiency. It’s a holistic check-up for your business, and we’ll make sure it’s painless.

How much does an audit cost?

Costs vary based on factors like your company’s size and complexity. We provide competitive rates and clear, upfront pricing, so you know exactly what to expect.

How long does the audit process usually take?

It depends on your company’s size and the state of your records, but we aim to complete audits efficiently while maintaining thoroughness. If you’re prepared, we’ll make it quick and painless!

Will I have to explain every little detail to the auditor?

Not at all! A good auditor knows what to look for and will ask only the key questions. If we’re your auditors, you can expect an efficient process with minimal disruptions to your day-to-day operations.

What if my financial records are a mess—can I still pass an audit?

Don’t worry! We’ve seen it all. The key is to get organised before the audit starts, and we can help you clean up and prepare for a smoother process.

omprehensive Audit Services for Peace of Mind – Contact Us Today!

Tailored Recommendations for Business Growth

Our audit process doesn’t just stop at compliance and regulatory checks. We view audits as an opportunity to offer value-added insights to our clients. Our auditors, with their extensive experience and industry knowledge, provide tailored recommendations that help businesses optimise their operations, enhance internal controls, and improve financial reporting practices. These recommendations go beyond identifying areas of non-compliance and fraud detection; they also help businesses streamline processes, reduce operational inefficiencies, and improve financial performance.

We work closely with clients to understand their unique challenges and objectives, offering practical solutions to enhance their financial practices. Whether it’s improving budgeting procedures, enhancing cash flow management, or optimising tax strategies, our audit services are designed to add tangible value to our clients’ businesses.

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The Importance of Audits

Audits are not just about ensuring compliance with laws and regulations; they serve as a vital tool to enhance the transparency of a company’s financial activities. In Singapore, audits are a critical component of corporate governance, as they provide an independent and objective evaluation of financial statements. A comprehensive audit can help detect discrepancies, improve financial reporting accuracy, and reassure stakeholders about the company’s financial health.

Our Audit Services assist businesses in meeting complex regulatory requirements, ensuring their financial statements accurately reflect their financial position. This is particularly crucial in Singapore, where businesses are subject to stringent requirements under the Singapore Financial Reporting Standards (SFRS) and the Singapore Companies Act.

Get In Touch With Us Now

Through a thorough understanding of the local regulatory landscape, coupled with a commitment to delivering high-quality audits, we help businesses navigate their financial challenges and thrive in today’s competitive marketplace. Our audit team is dedicated to providing independent, objective, and value-driven insights that empower businesses to achieve sustainable growth and financial success.

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    Trust in Expertise, Confidence in Results

    Audits require a blend of technical expertise, industry knowledge, and a deep commitment to accuracy and transparency. Our experienced team combines these elements to deliver audits that meet the highest professional standards.

    By choosing us, you gain a trusted partner who prioritises precision, compliance, and strategic value. Our audits are designed to foster trust, not only with regulators but also with your investors, partners, and customers. With our guidance, you can confidently demonstrate financial integrity and focus on advancing your business goals.