AUDIT & ASSURANCE SERVICES

Maintaining accurate and reliable financial records is paramount. These records form the backbone for informed decision-making, building trust with stakeholders, and ensuring compliance with regulations. But how can you be certain your financial picture is truly accurate?

An audit is an independent, objective review of your company’s financial statements. A qualified auditor meticulously examines your accounting records, assesses internal controls, and verifies the accuracy of your financial information.

Regular financial audits offer a multitude of benefits for businesses of all sizes:

  • Accuracy & Transparency
    Audits provide an independent verification of your financial statements, fostering trust and confidence with investors, creditors, and other stakeholders.
  • Risk Management
    Audits identify potential weaknesses in your internal controls, allowing you to address these weaknesses before they lead to financial losses or fraud.
  • Compliance Assurance
    Audits can help ensure your business adheres to relevant accounting standards and tax regulations.
  • Improved Decision-Making
    Auditors provide valuable insights into your financial health, empowering you to make informed financial decisions for the future of your business.
  • Enhanced Credibility
    A clean audit report can enhance your company’s reputation in the eyes of lenders, partners, and potential investors.

STATUTORY OR FINANCIAL STATEMENTS AUDITS

The audits are conducted in accordance with Singapore Standards on Auditing and are designed to provide reasonable assurance that the financial statements are not materially misstated and are presented fairly in accordance with the provisions of the Singapore Companies Act and Singapore Financial Reporting Standards and relevant statutory requirements.

FINANCIAL STATEMENTS REVIEW

This review requires a comprehensive and objective examination of the financial statements prepared by clients. This allows the management to identify and focus on key areas and issues, and provides reasonable comfort to them and third-party interests. The review also assists the directors to ensure that directors’ reports and financial statements have been prepared in accordance with prescribed formats required by the Financial Reporting Standards and Companies Act. A financial statements review is substantially less in scope than a statutory audit.

SPECIAL AUDITS

Special audits on specific areas of the financial statements or financial data, based on agreed upon procedures, to provide reasonable comfort for management and third-party interests – such as revenue turnover and government grants.

Find out more here.