Singapore audit exemption for Private Limited Companies
In accordance with the Singapore Companies Act, private limited companies are required to have their financial statements audited by an auditor or public accountant at least once a year unless they pass the criteria for audit exemption. Proper records are required to be maintained by the company and be made available to auditors conducting the…
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Basic Roles and Features of Accounting Firms in Singapore
Accounting firms exist as an entity to provide professional accounting services to businesses. There are many areas of service that an accounting firm can provide, and they are not just confined to purely bookkeeping activity. Some of these include corporate finance, business recovery and liquidation, corporate secretarial and financial management advisory. Auditing and Statutory reporting…
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What is an Internal Audit and How Can it Benefit a Company?
An internal audit is a procedure that involves a systematic evaluation of a company’s accounting and reporting processes, along with its corporate governance and internal controls. This type of audit seeks to determine if there are any flaws or weaknesses that could affect the accuracy of a company’s financial reports, to correct them before an…
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5 Top Mid-Tier Accounting Firms in Singapore
Mid-tier accounting firms in Singapore are considered to be strong players in any domestic market outside of the industry’s “Big Four”. While they don’t have the full reach that top firms such as KPMG or PWC have, their international presence is enough to cater to middle market clients worldwide. The following is a list of…
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A List of Top Audit Firms in Singapore
The proliferation of competitive accounting firms in Singapore plays a crucial role in boosting the city-state’s reputation as a leading business and financial hub in Southeast Asia. Numerous business reports and surveys have cited this as a key factor for the high demand for experts and professionals in the accounting industry in recent years The…
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