Statutory audits are for entities that require an audit for statutory reason associated with the filing of their annual report and financial statements with the ACRA for meeting the Singapore Companies Act requirements. We can provide you with quality audit services completed with the completeness and accuracy of information contained in your financial statements to meet the expectation of the investors, regulatory bodies, customers and lenders.
Our risk based audit approach, which includes an in built quality system and is up-to-date with the latest Singapore Auditing Standards, give you certainty that your audit has been completed under the rigorous professional standards. Our audit approach, which is based on understanding of our client’s business and risks, has four key phases in the process:
- Planning – identifies and develop overall audit approach with particular focus to key risk areas;
- Controls phase – Evaluate and test the key internal control areas and advise management of any issue during the interim audit;
- Substantiation – Carry out test of details on significant account balances both during the interim and final audits
- Completion – the submission of the audit opinion and the delivery of management letter.
Our audit clients include multinational corporations, as well as many small and medium-sized companies.