Need For Auditing Services in Singapore?
Financial information that is both accurate and transparent is critical for business decisions. Audit provides assurance to business owners as well as the economy at large, instilling trust and confidence in corporate financial statements. The audit also helps to ingrain discipline in businesses, deter fraud, and reassures other stakeholders that businesses are viable.
Audits provide assurance to businessmen and investors that the Company’s employees, systems, and processes are producing reliable data making auditing a critical component of the financial reporting value chain.
Audit Services We Offer:
Our responsibility as statutory auditors is to express our opinion on whether the financial statements are properly drawn up in accordance with the provision of the Companies Act and Singapore Financial Reporting Standards. Our approach to audit is to be effective and efficient.
We perform independent verification of financial data to provide insights and comfort for management and third-party stakeholders based on agreed-upon procedures or statutory regulations. We also provide review and special audits on specific areas such as:
- Charity, Institution of a Public Character (IPC) audit
- MCST (Management Corporation Strata Title) audit
- Child Care subsidy audit
- Gross turnover audit
- BCA (Building and Construction Authority) audit
- Grants audit
- Lucky draw audit
- Due diligence audit
- Other non-statutory audit / assurance engagement
- Special reports on agreed-upon procedures
- Review engagement
- Review of accounting and internal control systems
- Internal audit and support
Kreston ACA PAC is formally admitted as a member of Enterprise Singapore approved panel of auditors. To-date, we have completed more than 800 project-based grant claims verification and certification relating to Enterprise Singapore grants and subsidies.
Why Kreston ACA
We are the leading audit firm in Singapore, we obtain a good understanding of the companies’ businesses, particularly the complexities of the business.
Our audit approach places a heavy emphasis on early planning and continued understanding of how your organisation functions to enable us to identify critical audit components and tailor our audit procedures to the unique aspects of your businesses.
Our audit team, with our collective international and varied experience, has the expertise and knowledge to pierce through difficult accounting areas to ensure that audit opinions rendered are appropriate and seek to add value to your business by bringing to your attention areas of internal control weaknesses identified during the course of our audit, providing pragmatic suggestions, and working with you to develop ways to improve your organisation’s processes.
For enquiries relating to Audit, please contact:
Frequently Asked Questions
Who can be a company auditor in Singapore?
Company auditors in Singapore can only be public accountants or accounting firms approved by the Accounting and Corporate Regulatory Authority (ACRA).
What are the types of audit services?
Some examples of various types of audit services are:
1) Operational Audit
2) Financial Audit
3) Compliance Audit
4) Information System Audit
5) Advisory & Consultation Audit
6) Special Engagements
7) Follow Up Engagements
What are the type of audit reports?
After analyzing the company’s financial statements, the auditor can issue one of four types of audit report opinions. Types of the audit report that an auditor can issue are:
1) Unqualified opinion
2) Qualified opinion
3) Disclaimer of opinion
4) Adverse opinion
Which type of company is required to have an audit?
Unless exempt from audit, every registered company in Singapore is required to file financial statements and have their statements and accounting records officially audited every year.