Assurance Services

Sometimes, they just won't take your word for it. And sometimes, you won't just take their word for it.
That's when we come in.
​Talk to us today for the assurance that provides confidence to you and those around you. ​

Audit

From limited reviews to full scope audits, our customized audit plan focuses on business areas significant to your financial statements and that are critical to your risk profile. By identifying business and control vulnerabilities and opportunities, we direct our audit efforts to areas of greatest risk. The result is an efficient and effective audit that would cater to your every need.

Due Diligence

In today's fast paced and challenging economic environment, it is extremely important to be as informed as possible before making a business decision. Our due diligence services, backed by a team of capable professionals, rapidly identify and understand potential deal breakers, value drivers and other areas of specific interest to our clients. 

Business Valuation

Articulating a value on a business in today's market can be a highly complex process. It is therefore critical to have clarity on the worth of the business and its assets. Our valuation service, founded on a platform of industry, accounting, taxation, financial due diligence and technical excellence, provides invaluable insight and clarity to a business’s value.

Audit Exemption - Small Company Concept and Small Group Concept

Small companies in Singapore are not required by the Companies Act to have their financial statements audited.

To qualify as a small company, a company must be a private company that fulfills at least two of the following three quantitative criteria in each of the immediate past two financial years (FYs):
(a) Total annual revenue of not more than $10 million;
(b) Total assets of not more than $10 million;
(c) Number of employees of not more than 50.

A company which has qualified as a “small company” in the first or second FY commencing on or after the date of commencement of the “small company” criteria continues to be a “small company” until it is disqualified as a “small company”. Disqualification would occur if it:
a) Ceases to be a private company at any time during the FY, or
b) Does not meet the quantitative criteria for the immediate past two consecutive FYs.

However, if the company is part of a group of companies, it will only be exempted from audit if the entire group qualifies as a small group. To qualify as a small group, the group would need to satisfy at least two of the above criteria for small company on a "consolidated" basis for the immediate past two FYs. 

In other words, even if the company qualifies as a small company but is not part of a small group of companies, it's financial statements will still be required to be audited.