When it comes to delivering a top notch Company Statutory Audit, you place your bets on Bestar. As the best providers of Statutory Company audit in Singapore, we make you our priority. Our team of experts are driven by the responsibility to serve our clients with utmost and feasible compliance management, audit and assurance services. Small, medium and large scale enterprises – both local and international have been trusting Bestar!
What does the Statutory Audit Mean?
Statutory Audit in Singapore is an essential component of corporate compliance mechanisms. Statutory Audit aims at checking the financial documents and operational details of an organization to determine whether or not are they complying with the regulatory organizataions like ACRA and IRAS.
As the name suggests, Company statutory audit is a compulsory compliance mechanism to keep a check on the smooth functioning of all the organizations.
Since it is compulsory, unless otherwise stated, you need a professional auditing firm in Singapore to be by your side. Professional Statutory Audit Service providers like us at Bestar can help you!
Not every Company requires a statutory audit.
As per the Companies Act of Singapore, every company is required to appoint an auditor within 3 months of its incorporation, unless the company or the enterprise is exempted from audit and assurance services and practices. The company can be exempted under the following grounds –
- It is a private limited company in the financial year under consideration.
In addition to the above criteria, the company should also meet any two criterions from the following three to be exempted from a statutory audit in Singapore.
- The total revenue of the company ≤$10M
- The total assets of the company ≤$10M
- The total number of employees of the company ≤50
Bestar provide efficient Audit and Assurance Services
As a leading Auditing Firm in Singapore, we conduct statutory audits in order to meet the regulatory standards of Singapore’s Audit Regulatory bodies. By doing so, we ensure that your financial statements are compliant to the Financial Reporting Standards, which automatically paves way for your consistent growth.
Our comprehensive range of services include –
- Verification and review of your financial statements and records as per the principles of GAAP
- Management of all the critical aspects in your organisation in order to combat those weaknesses, to help you grow.
- Implementing, supervising and following up of regulatory and auditing principles.
Our team of professional Audit and assurance service provides include experts from legal and corporate and financial fields. They include Chartered Accountants and Company Secretaries with immense experience and technical know-how. Together we can work out flexible strategies to meet your organizational goal, thereby resulting in your growth.
Contact us today to have us as your statutory audit partners!