Phone: +65 65717030 Address: 1 Scotts Road, #24-10, Shaw Centre, Singapore 228208
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Compilation of Financial Report, Unaudited financial statement preparation

 

Do you know your accounts may be exempted from audit if you meet certain criteria?

However, as a Singapore private limited company, you are still required to prepare the financial report in a format as defined by the Companies Act and the Singapore Financial Reporting Standards for submission to ACRA for annual return filing and Tax Authority, IRAS for FORM C tax filing.

It is important that the financial report be prepared by a CA of Singapore to ensure compliance with all statutory requirements. Your financial report, with the latest updated FRS 1 (revised) requirement, which includes the following:

  • Directors’ Report
  • Statement of Directors
  • Statement of Comprehensive Income
  • Statement of Financial Position
  • Statement of Changes in Equity
  • Accounting Policies
  • Notes to Financial Statements
  • Detailed Income Statement

In any circumstance, you save money as the fee for a compilation engagement is lower than the audit fee. So why not contact us NOW to check if you are qualified for audit exemption?